Rho Capital Partners

Last updated
Rho Capital Partners
Type Private
Industry Venture capital
Founded1981
FounderJoshua Ruch
Robert Osterrieth
Headquarters New York, New York, United States
Products Investments
AUM $1.1 billion [1]
Number of employees
18 [2]
Website www.rho.com

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

Contents

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,[ citation needed ] MedImmune, ReachLocal, SolarBridge Technologies, [12] 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. [13] In 2013, Rho Ventures was being managed by Habib Kairouz, also a managing partner at Rho Capital Partners. [14]

By 2017, Rho Capital Partners had also invested in ChargePoint. [15] 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. [16]

See also

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References

  1. Form ADV
  2. Form ADV
  3. 1 2 Badrinath, Raghuvir (5 February 2013), Rho Fund Investors to debut in India, India, retrieved 20 February 2021
  4. 1 2 Dobby, Christine (23 May 2012), Rho Canada announces $100M fund, Canada: Financial Post , retrieved 20 February 2021
  5. 1 2 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. SolarBridge Technologies Secures $15 Million in Series B Funding. Business Wire, April 26, 2010
  13. Rho Fund Investors to debut in India, India: SiliconIndia, retrieved 21 February 2021
  14. Sioufi, Maya (8 April 2013), Eight top Lebanese on Wall Street, Executive Magazine, retrieved 20 February 2021
  15. Krok, Andrew (2 March 2017), ChargePoint blazes into Europe on $82M funding wave, CNET , retrieved 20 February 2021
  16. 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