Rho Capital Partners

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Rho Capital Partners
TypePrivate
IndustryVenture capital
Founded1981
FounderJoshua Ruch
Robert Osterrieth
HeadquartersNew York, New York, United States
ProductsInvestments
AUM$1.1 billion[1]
Number of employees
18[2]
Websitewww.rho.com

Rho Capital Partners is a venture capital firm that actively invests in companies related to technology, new media, cleaning technology and healthcare.

Rho Fund Investors, a division of Rho Capital Partners, is a fund of funds (FoF), or fund that invests in other venture capital or private equity funds.[3] Other divisions include Rho Canada.[4]

History[]

Founding (1981-2003)[]

The firm, which is based in New York City, Palo Alto and Montreal, was founded in 1981.[5] The group raised its "first multi-LP vehicle" in September 1999.[6]

New investments (2004-2012)[]

Rho Ventures in 2005, based in New York, closed its fifth fund at $425 million, and said it would invest in communications, healthcare, and IT.[7]

Rho had invested in approximately 200 venture stage companies in 2009. Among Rho's portfolio companies around then were Bluefly,[8] Capstone Turbine, Celunol, Coulomb Technologies, Commerce One, Compaq, Dashlane,[9] Enerkem,[10] Human Genome Sciences, Innova Dynamics,[11] IntraLinks, iVillage, JustFab,[12] MedImmune, ReachLocal, SolarBridge Technologies,[13] Tacoda, Tercica, Tripod.com, Vanda, Verenium, Vertrue, Vidyo, and Yantra.

The firm had raised over $2 billion since inception across 6 funds by 2010. The firm then was investing their sixth fund, Rho Ventures VI, a $510 million fund launched in 2008.[5]

Recent history (2013-2021)[]

Rho Canada, a Canadian venture capital firm and division of Rho Capital Partners, announced in 2013 that it had closed a $100 million fund to make "early-stage" investments in various types of media and technology companies. By then, Rho Capital Partners had invested in companies like Accedian Networks and Beyond the Rack.[4]

Rho Fund Investors in 2013 had $2 billion under management, and was described as a "Fund of Funds (FoF)," or fund that invests in other venture capital or private equity funds. Rho Fund Investors remained US based and a division of Rho Capital Partners.[3] Rho Fund Investors committed a $600 million fund investment program to India.[14] In 2013 Rho Ventures was being managed by Habib Kairouz, also a managing partner at Rho Capital Partners.[15]

By 2017, Rho Capital Partners had also invested in ChargePoint.[16] In October 2018, Rho Ventures' Martin Vogelbaum along with Syno Capital were reportedly aiming to raise $50 million for Inning One Ventures LP, a new fund.[17]

See also[]

References[]

  1. ^ Form ADV
  2. ^ Form ADV
  3. ^ a b Badrinath, Raghuvir (5 February 2013), Rho Fund Investors to debut in India, India, retrieved 20 February 2021
  4. ^ a b Dobby, Christine (23 May 2012), Rho Canada announces $100M fund, Canada: Financial Post, retrieved 20 February 2021
  5. ^ a b Rho Ventures Overview Archived 2010-03-05 at the Wayback Machine
  6. ^ Rho Raises Its first Multi LP Vehicle, Venture Capital Journal, 1 September 1999, retrieved 20 February 2021
  7. ^ Staff, PEI (8 February 2005), Rho Ventures closes $425m fifth fund, Private Equity International, retrieved 20 February 2021
  8. ^ Rho Ventures Commits $15 Million Growth Equity Investment to Bluefly. Business Wire, December 21, 2009
  9. ^ Dashlane Passes 2M Users, Collects $22M For Its Client-Based Password Manager. TechCrunch, May 19, 2014
  10. ^ Waste Management and Enerkem Announce Strategic Investment. PR Newswire, February 24, 2010
  11. ^ Innova Dynamics Raises $5.5 Million Series A Financing Rho Ventures Leads Round, Innova Dynamics Appoints Chairman. CNBC, May 26, 2010
  12. ^ crunchbase. "JustFab." Retrieved Mar 23, 2013.
  13. ^ SolarBridge Technologies Secures $15 Million in Series B Funding. Business Wire, April 26, 2010
  14. ^ Rho Fund Investors to debut in India, India: SiliconIndia, retrieved 21 February 2021
  15. ^ Sioufi, Maya (8 April 2013), Eight top Lebanese on Wall Street, Executive Magazine, retrieved 20 February 2021
  16. ^ Krok, Andrew (2 March 2017), ChargePoint blazes into Europe on $82M funding wave, CNET, retrieved 20 February 2021
  17. ^ Gormley, Brian (2 October 2018), Medical Investors From Rho Ventures, Syno Capital Seek $50 Million for Inning One Ventures, New York City: Wall Street Journal, retrieved 20 February 2021

External links[]


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