River Capital Group Holdings (River Capital), a leading family investment office, today announced the launch of RCG Ventures. A wholly owned subsidiary of River Capital, RCG Ventures’ investment strategy will focus on supporting small and midsize companies developing the latest innovations in blockchain, augmented reality (AR), artificial intelligence (AI), big data, Internet of Things (IoT), workforce management (WFM), data analytics, and extended reality (XR).
While River Capital primarily focuses on passive investments, RCG Ventures will deploy an active investment strategy, providing management resources, infrastructure, access to its network, and hands-on strategic guidance from its team of industry leaders. The firm’s unique approach allows it to navigate today’s volatile markets while consistently bringing turnkey solutions to market.
“Our vision is to make opportunistic investments in early-stage companies to which we can add significant value beyond investment capital,” said River Capital Group Holdings Chairman of the Board, Mario Monello. “For partners, our expansive network will open doors that accelerate business development on an unprecedented scale.”
RCG Ventures blankets its partners, such as Proviniti, Flex Employment Services, Pathways Personnel, NSS, and HCM Staffing, with talent and expertise across all disciplines required to build world-class businesses. The level at which the firm supports its portfolio companies will ensure access to every possible resource needed to evolve from a startup with an idea to an industry leading, scalable, and highly profitable business.
Of note, is that each member of RCG Ventures’ leadership team has helped build, grow, and successfully exit various entities. This access to guidance and strategic counsel through each phase of maturation is critical to achieving hyper-growth and scale.
RCG Ventures will be led by Managing Partner, Jeff Kaplan, a successful CEO, entrepreneur, and investor. Kaplan will execute RCG Ventures’ investment theses: the convergence and application of blockchain, XR, AI, IoT, WFM, big data, and analytics.
“We’ve assembled an elite, high-growth team of technology, design, engineering, capital markets, sales, and marketing experts whose singular focus is on helping our partners succeed,” said Jeff Kaplan.
Once reluctant to embrace new technologies, organizations in all markets now have an appetite for creative applications of emerging technologies. To understand the unique dynamics of today’s market, one only needs to look at the phenomenal growth of non-fungible tokens (NFTs) in blockchain. Sales volumes NFTs hit $10.7 billion in the third quarter of 2021, an 8x increase from the previous quarter.
Augmented reality is being used in retail, real estate, and education. In healthcare alone, researchers forecast that the augmented reality market will reach $4.15 billion in 2025 at a CAGR of 30.8%.
“What’s most exciting is that we’ve only scratched the surface in terms of potential use-cases and the competitive advantages AI, blockchain, and AR can deliver,” noted Kaplan.
ABOUT RIVER CAPITAL GROUP HOLDINGS
Founded in 2013, River Capital Group Holdings (RCGH) is a leading family investment office headquartered in Manhattan, NY. In addition to funding, River Capital Group also offers strategic counsel, management resources, and access to its expansive network of capital markets, finance, and institutional investment professionals, without requiring partner companies to cede operational control. River Capital Group makes opportunistic investments in growth companies with investments ranging from five hundred thousand to $50 million. Specifically, RCGH identifies forward-thinking companies for which its capital, financial expertise, and relationships would add both significant quantitative and qualitative value.
River Capital Group Holdings is industry agnostic with a track record of backing and supporting companies that deliver above average returns and exceed industry expectations. Invested capital is only that of River Capital Group Holdings’ principals.
For additional information, please visit www.rcgh.com.
ABOUT RCG VENTURES
RCG Ventures (RCGV) is a wholly owned subsidiary of River Capital Group Holdings (River Capital), a leading family investment office. RCGV represents an active investment strategy that combines access to capital with management resources, infrastructure, an expansive global business network, and hands-on strategic guidance from an elite, tenured team of business, financial, marketing, operations, and capital markets leaders. Our target partners develop breakthrough innovations in blockchain, artificial intelligence (AI), big data, workforce services, Internet of Things (IoT), data analytics, and extended reality (XR).
For additional information, please visit www.RCGV.com.
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