Rittenhouse Ventures Wraps up $18 Million Fund II, Invests in 4 Philly Companies

Saul Richter

Big news from the Rittenhouse Ventures today: the Navy Yard-based venture firm closed its second fund.

The big number? $18 million of committed capital going to seven companies from D.C. to Connecticut, four of which hail from Center City Philadelphia.

Building from the performance of Fund I — which included names like Tabula Rasa (currently awaiting approval on the IPO it filed in January) — the company targeted “capital-efficient, Mid-Atlantic software companies” in the healthcare, life sciences, finance and human resources spaces.

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