PHILADELPHIA, PA — Rittenhouse Ventures has announced the closing of its third investment fund, marking a major milestone in its mission to support high-growth, capital-efficient B2B software, AI, and tech-enabled services companies. With Fund III, the Philadelphia-based firm now manages more than $75 million in assets, reinforcing its focus on emerging leaders across the Mid-Atlantic and other underserved regions in the U.S.
Building on a strong track record that includes over 30 portfolio investments and 20 successful exits, Fund III aims to continue Rittenhouse Ventures’ strategy of backing businesses capable of achieving market leadership while maintaining capital efficiency. Notable past investments include Tabula Rasa HealthCare, AppsFlyer, and GSI Health — all examples of companies that scaled successfully with Rittenhouse’s operational guidance and strategic support.
“We are thrilled to be able to continue to back world-class management teams who have been able to scale their businesses through up and down markets, and navigate the challenges of building early-stage companies into category leaders,” said Saul Richter, Founder and Managing Partner of Rittenhouse Ventures.
The firm’s deep operational expertise and robust network have become key differentiators in helping portfolio companies accelerate growth and navigate complex market environments. Nearly half of its prior investments have been in Healthcare IT, an area where Rittenhouse has developed specialized expertise.
Fund III also introduces two new partners: David Nevas, who brings nearly two decades of experience from Edison Partners, and Sushma Rajagopalan, a technology industry veteran with more than 30 years of operational leadership, including time as CEO of ITC Infotech and Partner at LiquidHub. Their addition is expected to enhance the firm’s ability to identify, support, and exit high-potential investments.
Initial investments from Fund III include GoMo Health, Pieces Technologies, WealthHub Solutions, and High QA. These early selections signal the fund’s continued commitment to innovative companies poised to transform their sectors.
With its third fund, Rittenhouse Ventures solidifies its position as a prominent backer of growth-stage software and tech-enabled service companies, providing both the capital and strategic partnership needed to help founders turn strong ideas into category-defining successes.
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