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RPM Ventures

North America, Michigan, United States, Ann Arbor

Description

RPM Ventures is a well-established early-stage venture capital firm based in Ann Arbor, Michigan, founded in 2000. The firm has carved out a distinct niche, focusing primarily on B2B and B2B2C technology startups. With a strategic emphasis on the burgeoning Fintech and Mobility sectors, RPM Ventures seeks to identify and support innovative companies poised for significant growth within these specialized markets. Their long-standing presence in the venture capital landscape underscores a consistent investment thesis and a commitment to fostering technological advancements.

The firm's investment strategy centers on providing capital to companies in their crucial Seed and Series A funding rounds. RPM Ventures typically deploys initial investments ranging from $1 million to $5 million, indicating a preference for substantial early-stage commitments that can significantly impact a startup's development and scaling efforts. This targeted approach allows them to engage deeply with portfolio companies, offering not just financial backing but also strategic guidance and access to their extensive network within the tech ecosystem.

Over its two-decade history, RPM Ventures has demonstrated a robust fundraising capability and a prolific investment record. The firm recently closed its sixth fund, RPM Ventures VI, at $100 million in 2022, bringing its total capital raised across all funds to an impressive $340 million. This substantial capital base has enabled RPM Ventures to make over 100 investments in promising startups, resulting in more than 20 successful exits. Their consistent fund sizes and investment volume reflect a disciplined and experienced approach to venture capital, solidifying their reputation as a key player in the early-stage technology investment space, particularly for companies operating at the intersection of B2B, Fintech, and Mobility.

Investor Profile

RPM Ventures has backed more than 87 startups, with 2 new investments in the last 12 months alone. The firm has led 20 rounds, about 23% of its total and boasts 19 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, Australia.
  • Strong thematic focus on Financial Services, FinTech, Software.
  • Led 1 rounds in the past year.
  • Typical check size: $1M – $5M.

Stage Focus

  • Series A (24%)
  • Series B (23%)
  • Seed (16%)
  • Series C (14%)
  • Series Unknown (11%)
  • Series D (7%)
  • Series E (2%)
  • Series G (1%)
  • Series F (1%)

Country Focus

  • United States (99%)
  • Australia (1%)

Industry Focus

  • Financial Services
  • Fintech
  • Software
  • Insurtech
  • Internet
  • E-commerce
  • Automotive
  • Saas
  • Analytics
  • Health Care
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does RPM Ventures frequently co-invest with?

Ribbit Capital
North America, California, United States, Palo Alto
Co-Investments: 5
Illinois Ventures
North America, Illinois, United States, Chicago
Co-Investments: 6
Fin Capital
North America, California, United States, San Francisco
Co-Investments: 5
Frontier Venture Capital
North America, Usulutan, El Salvador, California
Co-Investments: 7
Baseline Ventures
North America, Wyoming, United States, Jackson
Co-Investments: 5
Digital Currency Group
North America, Connecticut, United States, Stamford
Co-Investments: 4
DCM Ventures
North America, California, United States, Menlo Park
Co-Investments: 9
Comcast Ventures
North America, California, United States, San Francisco
Co-Investments: 6
DST Global
Europe, England, United Kingdom, London
Co-Investments: 4
Ulu Ventures
North America, California, United States, Palo Alto
Co-Investments: 4

Which angels does RPM Ventures often collaborate with?

AK
North America, California, United States, San Francisco
Shared Deals: 1
LB
North America, California, United States, San Francisco
Shared Deals: 1
OD
North America, California, United States, Palo Alto
Shared Deals: 1
JK
North America, California, United States, San Francisco
Shared Deals: 2
PF
North America, California, United States
Shared Deals: 1
SZ
North America, New York, United States, New York
Shared Deals: 1
CF
North America, Illinois, United States, Chicago
Shared Deals: 1
GC
North America, California, United States, San Francisco
Shared Deals: 2
BG
North America, California, United States, San Francisco
Shared Deals: 1
RC
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by RPM Ventures?

Player’s Health

Minneapolis, Minnesota, United States

Player’s Health is an insurance agency that protects athletes and sports organizations with a risk management platform.

Health CareInsuranceInsurTechRisk ManagementSports
Series CDec 11, 2024
Amount Raised: $60,000,000
Firefly Aerospace

Cedar Park, Texas, United States

Firefly Aerospace is an end-to-end responsive space services company that provides space access for government and commercial customers.

AerospaceAir TransportationSatellite Communication
Series DNov 12, 2024
Amount Raised: $175,000,000
Findigs

New York, New York, United States

Findigs is a rental platform that streamlines the rental screening process and assists decision-making.

LeasingProperty ManagementRentalRental Property
Series BJun 13, 2024
Amount Raised: $27,000,000
Coterie Insurance

Cincinnati, Ohio, United States

Coterie Insurance provides commercial insurance services and includes an API for integration and policy management.

Commercial InsuranceDeveloper APIsInsuranceInsurTech
Series UnknownMar 19, 2024
Amount Raised: $27,000,000
Family First

East Boston, Massachusetts, United States

Family First is the expert-led and technology-enabled caregiving benefit, delivering a measurable ROI to employers, health plans and others.

Health CareInsurTech
Series AJul 20, 2023
Amount Raised: $11,000,000
Player’s Health

Minneapolis, Minnesota, United States

Player’s Health is an insurance agency that protects athletes and sports organizations with a risk management platform.

Health CareInsuranceInsurTechRisk ManagementSports
Series CMar 23, 2022
Amount Raised: $28,000,000
Haul

San Mateo, California, United States

Haul is an online employment platform for CDL drivers.

EmploymentInternetRecruiting
SeedFeb 16, 2022
Amount Raised: $10,000,000
Coterie Insurance

Cincinnati, Ohio, United States

Coterie Insurance provides commercial insurance services and includes an API for integration and policy management.

Commercial InsuranceDeveloper APIsInsuranceInsurTech
Series BOct 26, 2021
Amount Raised: $50,000,000
Figure

San Francisco, California, United States

Figure is a financial services company leveraging blockchain technology.

BlockchainFinanceFinancial ServicesFinTech
Series DMay 20, 2021
Amount Raised: $200,000,000
DailyPay

New York, New York, United States

DailyPay is a financial system platform that offers services to employees for paying bills on time.

Employee BenefitsEnterprise ApplicationsFinancial ServicesFinTech
Series DMay 18, 2021
Amount Raised: $175,000,000