Riverfront Ventures

Riverfront Ventures is a venture capital firm based in Pittsburgh, Pennsylvania, established in 2013. The firm focuses on seed and early-stage investments, targeting companies with the potential to generate high-paying jobs in the region. Riverfront Ventures invests in a diverse range of sectors, including software, life sciences, robotics, energy, the Internet of Things, and advanced materials, among other technology-oriented industries.

Peter Erin

Senior Investment Associate

Jeffrey McDaniel

Associate Partner

Raju, Ven

Managing Director

19 past transactions

Rimsys

Venture Round in 2024
Rimsys is a leading provider of Regulatory Information Management (RIM) software tailored for medical technology companies. Designed by regulatory affairs professionals, Rimsys offers a cloud-based solution that digitizes and automates compliance processes to ensure adherence to evolving global regulations. This comprehensive software simplifies the management of global Unique Device Identification (UDI) requirements and supports various aspects of regulatory affairs, including product registration, standards management, and regulatory intelligence. By enabling medical device companies to efficiently track product registrations and monitor relevant standards, Rimsys transforms regulatory compliance into a more organized and manageable process for teams and their international partners.

Handl Health

Seed Round in 2024
Operator of a SaaS-based healthcare price transparency platform intended to aggregate and contextualize price transparency, insurance, and demographic data. The company's platform offers health plans a simple way to comply with the CMS (Centers for Medicare and Medicaid Services) price transparency legislation while digitizing how patients shop, book, and pay for healthcare, enabling users to realize average cost savings to guide every healthcare purchasing decision.

Vali Cyber

Seed Round in 2023
Vali Cyber specializes in addressing Linux-specific security solutions. It secures workloads effectively, prevents attacks via hardening, and catches anything that gets through. It also minimizes the resource impact of security, saving costly computer resources for real work.

Aspinity

Series B in 2023
Aspinity, Inc. is a company based in Pittsburgh, Pennsylvania, that specializes in manufacturing reconfigurable analog modular processor (RAMP) chips designed for ultra-low-power electronics. These chips utilize neuromorphic all-analog integrated circuit technology to analyze raw, unstructured analog sensor data, identifying significant events while filtering out background noise before the data is digitized. By focusing on early cues, Aspinity's RAMP chips significantly reduce the need for higher power processing, optimizing power consumption in always-on, battery-operated sensing devices. This technology is applicable across various markets, including consumer, industrial, and biomedical sectors, enhancing functionalities such as voice activation, industrial machine health monitoring, and wearable health monitoring. Aspinity was incorporated in 2012 and aims to revolutionize the architecture of sensing devices through innovative power and data management solutions.

IRALOGIX

Series C in 2022
IRALOGIX is a developer of a technology platform focused on the Individual Retirement Account (IRA) market, aimed at enhancing accessibility to institutional-quality investment products for clients of all account sizes. The company offers a paperless, end-to-end white-label platform that combines innovation and advanced technology with extensive industry expertise. This platform provides a diverse array of institutionally-priced investment options, along with access to professional advice and educational resources. By streamlining operations, IRALOGIX enables financial organizations to improve growth and increase market share while minimizing the internal administration and servicing costs associated with managing various accounts.

Gridwise

Series A in 2022
Gridwise, Inc. develops and operates a mobile application designed for rideshare and delivery drivers, enabling them to enhance their earnings and manage their business operations efficiently. Launched in 2016 and based in Pittsburgh, Pennsylvania, the Gridwise app offers a range of features, including real-time alerts on traffic, weather, and local events, as well as tools for tracking mileage and analyzing earnings. The application also helps users prepare detailed tax reports and calculate deductions, thereby facilitating better financial management. With its focus on providing demand insights and performance tracking, Gridwise serves hundreds of thousands of gig economy drivers across the United States, offering a comprehensive platform to support their unique business needs.

IRALOGIX

Series B in 2020
IRALOGIX is a developer of a technology platform focused on the Individual Retirement Account (IRA) market, aimed at enhancing accessibility to institutional-quality investment products for clients of all account sizes. The company offers a paperless, end-to-end white-label platform that combines innovation and advanced technology with extensive industry expertise. This platform provides a diverse array of institutionally-priced investment options, along with access to professional advice and educational resources. By streamlining operations, IRALOGIX enables financial organizations to improve growth and increase market share while minimizing the internal administration and servicing costs associated with managing various accounts.

Aspinity

Series A in 2020
Aspinity, Inc. is a company based in Pittsburgh, Pennsylvania, that specializes in manufacturing reconfigurable analog modular processor (RAMP) chips designed for ultra-low-power electronics. These chips utilize neuromorphic all-analog integrated circuit technology to analyze raw, unstructured analog sensor data, identifying significant events while filtering out background noise before the data is digitized. By focusing on early cues, Aspinity's RAMP chips significantly reduce the need for higher power processing, optimizing power consumption in always-on, battery-operated sensing devices. This technology is applicable across various markets, including consumer, industrial, and biomedical sectors, enhancing functionalities such as voice activation, industrial machine health monitoring, and wearable health monitoring. Aspinity was incorporated in 2012 and aims to revolutionize the architecture of sensing devices through innovative power and data management solutions.

Maven Machines

Series A in 2020
Maven Machines, Inc. is a technology company that develops mobile cloud solutions for the trucking, transportation, and logistics sectors. Founded in 2014 and headquartered in Pittsburgh, Pennsylvania, with additional offices in California and Texas, the company specializes in creating advanced fleet management systems. Its offerings include real-time telematics, dispatching, and driver safety features that utilize IoT sensors, artificial intelligence, and wireless communications. The headsets developed by Maven Machines monitor drivers' conditions, environment, and location, detecting signs of fatigue or distraction to enhance safety and prevent accidents. By providing a comprehensive platform for both drivers and fleet managers, Maven Machines aims to optimize fleet operations and improve overall efficiency in the transportation industry.

Ikos

Venture Round in 2019
Ikos is delivering a flexible on-demand leasing service for investors and analyzing internal data to guide future client investments. It simplifies the rental experience for landlords and renters with their adaptive process that transparently connects people with homes they want and desire while helping landlords and renters make informed decisions. Ikos was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.

Kaarta

Series A in 2019
Kaarta, Inc. specializes in 3D model generation software that processes environmental data to create accurate, multi-dimensional digital models. The company’s technology enables real-time mobile 3D reality capture, allowing users to map complex environments without the need for external signals such as GPS or Wi-Fi. Kaarta offers a hand-held 3D scanning system called Contour, which allows users to generate a 3D map while moving through an environment, as well as Stencil 2, a mobile mapping platform designed for rapid scanning. Utilizing advanced robotics and proprietary algorithms, Kaarta's solutions streamline workflows and reduce costs while enhancing understanding of physical spaces for both humans and autonomous machines. Founded in 2015 and headquartered in Pittsburgh, Pennsylvania, the company was previously known as Real Earth, Inc. before rebranding in December 2016.

IRALOGIX

Series A in 2018
IRALOGIX is a developer of a technology platform focused on the Individual Retirement Account (IRA) market, aimed at enhancing accessibility to institutional-quality investment products for clients of all account sizes. The company offers a paperless, end-to-end white-label platform that combines innovation and advanced technology with extensive industry expertise. This platform provides a diverse array of institutionally-priced investment options, along with access to professional advice and educational resources. By streamlining operations, IRALOGIX enables financial organizations to improve growth and increase market share while minimizing the internal administration and servicing costs associated with managing various accounts.

Othot

Series A in 2018
Othot is an advanced analytics solution for higher education institutions. It is an artificial intelligence solution that enables colleges and universities to optimize the relationship between the institution and the individual throughout the entire student-to-alumni lifecycle. It was incorporated in 2014 and is based in Pittsburgh, Pennsylvania.

Complexa

Series C in 2017
Complexa, Inc. is a biopharmaceutical company based in Berwyn, Pennsylvania, focused on developing treatments for severe and life-threatening diseases related to fibrosis and inflammation. Established in 2008, the company is advancing its lead compound, CXA-10, an oral nitrated fatty acid aimed at treating focal segmental glomerulosclerosis (FSGS) and pulmonary arterial hypertension (PAH). Complexa utilizes proprietary technologies that involve the synthesis of endogenous nitro-fatty acids, which serve as cell-signaling agents regulating key inflammatory pathways. This approach aims to enhance the body's natural mechanisms for resolving and repairing acute and chronic tissue injuries, with a focus on addressing various inflammatory, fibrotic, and central nervous system diseases.

ALung

Series C in 2017
ALung Technologies is a medical device manufacturing company based in Pittsburgh, Pennsylvania, founded in 1997. The company specializes in developing devices for gas exchange to treat acute and chronic respiratory disorders. Its primary product, the Hemolung Respiratory Assist System (RAS), functions as a dialysis-like alternative or supplement to mechanical ventilation, allowing physicians to effectively remove carbon dioxide from the blood without relying solely on the lungs. This technology aims to reduce the need for intubation and invasive ventilation, thereby improving patient outcomes. Additionally, ALung offers the Hattler Catheter, which facilitates the insertion of its gas exchange devices into the central venous bloodstream.

Ikos

Seed Round in 2017
Ikos is delivering a flexible on-demand leasing service for investors and analyzing internal data to guide future client investments. It simplifies the rental experience for landlords and renters with their adaptive process that transparently connects people with homes they want and desire while helping landlords and renters make informed decisions. Ikos was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.

Thread

Series A in 2015
Thread transforms plastic waste from the developing world into socially and environmentally responsible fabric. Apparel and accessories brands use Thread fabric to instantly improve the social impact, carbon footprint, and value of their own goods. Thread captures the stories of the people whose lives have been transformed by their fabric-making process, measures impact data and helps brands share that narrative with customers through their Ground to Good storytelling platform. Thread fabric already supports nearly 2,700 income opportunities and collects over 6 million bottles from the neighborhoods of Haiti and Honduras each month.

JazzHR

Series C in 2014
JazzHR is a recruitment software provider designed to assist growing companies in achieving their hiring objectives. The platform offers user-friendly and affordable tools that replace manual hiring tasks with automation, allowing hiring managers to efficiently recruit and select the right talent. JazzHR's features include candidate sourcing and employer branding, which streamline the entire recruitment process. By leveraging these capabilities, businesses can effectively enhance their hiring practices and expedite the recruitment of new employees.

RE2 Robotics

Series A in 2014
RE2 Robotics, based in Pittsburgh, PA, is a Carnegie Mellon University spin-off founded in 2001 by Jorgen Pedersen. The company specializes in developing intelligent mobile manipulation systems designed for various industries, including defense, aviation, construction, energy, and healthcare. RE2 Robotics creates manipulator arms that offer human-like performance and intuitive interfaces, allowing users to remotely perform tasks in challenging environments, whether on the ground, in the air, or underwater. With a significant focus on military applications, over 400 of its robotic arms have been deployed for explosive ordnance disposal missions, enhancing safety and efficiency while reducing operational costs. The company's innovative technologies aim to save lives and improve the quality of life through advanced robotics.
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