News and Announcements
StepLeader Inc, an industry leader in mobile app development and advertising sales for local media and college sports, raised $4.4M in an investment led by River Cities Capital Funds.
To expand its line of endoscopy technology, River Cities’ portfolio company EndoChoice will merge with Peer Medical.
Trax Technologies, a global provider of technology-driven solutions that enable shippers and logistics-service providers to efficiently and effectively manage their logistics spend and receivables, raised $10 million in a Series B round of financing led by River Cities Capital Funds.
ABT Molecular Imaging, a medical imaging company, has raised $6 million from River Cities Capital (which led the round), Mountain Group Capital, and Intersouth Partners. Rik Vandevenne of River Cities will join the company’s board.
Acquisition is expected to more than double Tornier’s lower extremity revenue. The transaction will bring innovative technologies, high growth, and strong margins.
Portfolio Companies
Testimonial
River Cities has demonstrated great acumen in the presentation and marketing of the Company to others, whether assisting us in finding other investors or in attracting executive talent to the Company. In many respects, River Cities has been a model for savvy entrepreneur-VC collaboration.
Testimonial
They invested during an uncertain time for the Company and our country, just months after 9/11. River Cities believed in what we were building, they believed in the management team, and they were willing to take risks, providing sound advice and asking thoughtful, tough questions. I highly recommend the River Cities team.
Testimonial
River Cities approached their investment in a way that made you feel like you had another positive resource. It was a true professional partnership with positive support and interaction. At the same time it is all about performance, and River Cities kept keenly aware of our business practices.
Testimonial
The River Cities team has been insightful and supportive throughout the challenges of launching a new business and the subsequent rapid growth of our company. They understand the key elements of successful strategy, collaboration, and the art of getting things done. River Cities is an extremely valuable partner to EndoChoice.
Testimonial
River Cities is the perfect partner for Trax. Their funding, industry knowledge and thought leadership in the world of business-to-business SaaS will help us accelerate our growth and expand our offerings to a broader base of customers.
Testimonial
Over the past 30 years I have worked with many venture capital firms and found few true partners. You always hope a VC firm will bring more to the table than just cash but are often disappointed. River Cities combines the quantitative skills to help a CEO fine tune a business model, deep industry expertice and the qualitative artistry to build a synergistic partnership with their portfolio companies.
Testimonial
What makes River Cities a trusted and valued partner is their strategic guidance and support of management during the inevitable difficult periods. In my estimation this separates a good investor from a great one.
Testimonial
As a significant investor in our company, River Cities has proven to be a very valuable partner. They not only provided the capital, but also a unique blend of professional assistance and consultation especially as our marketing and sales strategies changed over the years. They also added a personal touch to the partnership.
Testimonial
River Cities was able to recognize our opportunity earlier than their competitors, run an efficient due diligence process that did not impact our ability to focus on our business while bringing in investment partners that improved all our chances of success. In my book, Rivers Cities, is the definition of a true partner that added much more than financing to our company.
Testimonial
River Cities has been a valuable partner to Univa UD. In addition to providing financial and business advice, River Cities has utilized their experience and contacts within our industry to help move our business forward. They have introduced us to key executives at customers, strategic partners and other Industry experts who has proved invaluable to our business. River Cities has also provided us with important strategic and operational input that has aided us in building a leadership position in our fast growing market.
Testimonial
River Cities history and expertise in working with early stage companies proved invaluable in the formative years of PerfectServe. While our strategy shifted to better meet market dynamics, the team at River Cities was always there as a source of encouragement and business development. They made strategic introductions to some of our earliest hospital clients, contributing significantly to our growth. The people at River Cities are creative, constructive and straightforward. I am grateful for the opportunity to work with them as my business partners.
Testimonial
As a major equity sponsor of Health Integrated, River Cities has provided our company with a wealth of resources in critical areas such as resource planning, corporate governance and business strategy. They have consistently honored all their commitments for capital and time, through thick and thin. In fact, I consider them to be a part of my management team.
Testimonial
It is very difficult to discover current and insightful best management practices from other technology companies our size. River Cities is very good about gathering and sharing that information in meaningful ways among their portfolio companies.
Stay Updated
Stay connected by subscribing to our quarterly e-newsletter. Get the latest news and updates sent right to your inbox..
