Insight

The Riverside Company wraps up sophomore growth equity tech fund at $235m

Riverside Acceleration Capital Opportunity Fund II will back B2B software companies.

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  • Founded in 1988, The Riverside Company targets companies at the smaller end of the middle market
  • Founded in 2016, RAC has supported more than 65 B2B software companies

The Riverside Company has closed its second growth equity tech fund at $235 million.

Riverside Acceleration Capital Opportunity Fund II will back B2B software companies.

“RAC embodies Riverside’s strategic commitment to fostering innovation and accelerating growth within the technology sector,” said Riverside co-CEO Béla Szigethy in a statement. “Rather than a financial vehicle, we view it as a robust ecosystem designed to empower software companies at critical growth stages. With our multi-stage growth capital and growth advisory program, we are poised to provide support to entrepreneurs who are working to reshape the way business is done in their clients’ end markets.”

Founded in 1988, The Riverside Company targets companies at the smaller end of the middle market.

Founded in 2016, RAC has supported more than 65 B2B software companies.