# Riverwood Capital: portfolio, investments and team

> Riverwood Capital is a vc firm based in United States. 53 investments on record, 3 in the last 12 months, latest Jun 2026.

Source: https://millionrounds.com/fund/riverwood-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Riverwood Capital

Last cheque observed Jun 2026; 53 cheques on record.

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Deploying now New fund $1.7B, Jul 2023 VC firm

Series A Series B Technology

Follow Riverwood Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Friverwood-capital)

Deploying now

**60%** of best year **3** **cheques in 12 months**, 53 on record

Since the last cheque **123** days **00** hrs **00** min **00** sec

Median round **$50M** Cheque size, as they say **$25M – $125M** Rounds led **11 of 53** Sole investor **13 rounds** Exits **4 from the portfolio** Mostly in **United States, 78%**

Pitch Riverwood Capital

## Riverwood Capital highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series B and Growth: 48% of its rounds
- 03 Sole investor in 13 rounds, median $30M
- 04 4 exits from the portfolio

## What they do

> Riverwood Capital is a private equity firm focused on high growth technology and related companies in need of capital and expertise to scale on a global basis. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $25M – $125M as they say
- **Stages:** Series A Series B
- **Sectors:** Technology
- **Based in:** Menlo Park, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **53 appearances**

- **2026** 3 rounds
- **Jun** **[LeapXpert](https://millionrounds.com/company/leapxpert)** Growth · US · TechStartups **$180M** *Led*
- **Mar** **[Minga](https://millionrounds.com/company/minga)** Growth · US · Riverwood Capital **$65M** *Led*
- **Feb** **[Fracttal](https://millionrounds.com/company/fracttal)** Growth · CL · Contxto **$35M** *Led*
- **2025** 3 rounds
- **Sept** **[AppZen](https://millionrounds.com/company/appzen)** Series D · US · Crunchbase News **$180M** *Led*
- **Aug** **[AgendaPro](https://millionrounds.com/company/agendapro)** Growth · CL · LatamList **$35M** *Led*
- **Jan** **[Paytrack](https://millionrounds.com/company/paytrack)** Series B · LatamList **$40M** *Led*
- **2024** 1 round
- **Jul** **[netLex](https://millionrounds.com/company/netlex)** Growth · BR · Parceiro Ventures **$24M** *Led*
- **2021** 1 round
- **May** **[Sensedia](https://millionrounds.com/company/sensedia)** Growth · BR · Riverwood Capital **$21M** *Led*
- **2019** 8 rounds
- **Oct** **[Vacasa](https://millionrounds.com/company/vacasa)** Series C · US · FinSMEs **$319M** With 3 others
- **Sept** **[Nextdoor](https://millionrounds.com/company/nextdoor)** US · FinSMEs **$47M** With 4 others
- **Aug** **[RD Station](https://millionrounds.com/company/rd-station)** Series D · BR · Crunchbase News **$50M** *Led*
- **Jun** **[Druva](https://millionrounds.com/company/druva)** US · FinSMEs **$130M** With 5 others
- **Jun** **[SecurityScorecard](https://millionrounds.com/company/securityscorecard)** Series D · US · FinSMEs **$50M** *Led*
- **May** **[Nextdoor](https://millionrounds.com/company/nextdoor)** Growth · US · VentureBeat **$123M** *Led*
- **Apr** **[Omie](https://millionrounds.com/company/omie)** Series B · BR · FinSMEs **$20M** Sole investor
- **Mar** **[Sauce Labs](https://millionrounds.com/company/sauce-labs)** Growth · US · FinSMEs **$50M** Sole investor
- **2018** 3 rounds
- **Oct** **[Vacasa](https://millionrounds.com/company/vacasa)** US · FinSMEs **$64M** With 3 others
- **Jul** **[Greenhouse](https://millionrounds.com/company/greenhouse)** Series D · US · FinSMEs **$50M** Sole investor
- **Feb** **[Industrious](https://millionrounds.com/company/industrious)** Series C · US · FinSMEs **$80M** With 8 others
- **2017** 1 round
- **Mar** **[Industrious](https://millionrounds.com/company/industrious)** Series B · US · FinSMEs **$25M** Sole investor
- **2016** 4 rounds
- **Dec** **[Wickr](https://millionrounds.com/company/wickr)** **$34M** With 24 others
- **Sept** **[Industrious](https://millionrounds.com/company/industrious)** Series B · US · FinSMEs **$37M** Sole investor
- **Sept** **[Tradesy](https://millionrounds.com/company/tradesy)** **$30M** With 22 others
- **Aug** **[LogRhythm](https://millionrounds.com/company/logrhythm)** US · FinSMEs **$50M** Sole investor
- **2015** 6 rounds
- **Aug** **[Skycatch](https://millionrounds.com/company/skycatch)** Series B · US **$22M** With 8 others
- **Aug** **[Spoken Communications](https://millionrounds.com/company/spoken-communications)** Series D · US **$29M** With 1 other
- **Jul** **[Ticketfly](https://millionrounds.com/company/ticketfly)** Series D · US · Riverwood Capital **$50M** With 6 others
- **Jun** **[Volta Industries](https://millionrounds.com/company/volta-industries)** Series A · US **$4.5M** With 3 others
- **Mar** **[Reaction](https://millionrounds.com/company/reaction)** Series A · US **$9.8M** With 1 other
- **Feb** **[SKULLY](https://millionrounds.com/company/skully)** Series A · US **$11M** With 10 others
- **2014** 9 rounds
- **Aug** **[Navent](https://millionrounds.com/company/navent)** Series C · AR **$20M** Sole investor
- **Jul** **[Underground Solutions](https://millionrounds.com/company/underground-solutions)** Series C · US **$30M** Sole investor
- **Jul** **[LogRhythm](https://millionrounds.com/company/logrhythm)** Series E · US **$40M** With 2 others
- **Jun** **[Wickr Inc.](https://millionrounds.com/company/wickr-inc)** Series B · US **$30M** With 7 others
- **May** **[Tradesy](https://millionrounds.com/company/tradesy)** Series B · US **$13M** With 7 others
- **Apr** **[SOL REPUBLIC](https://millionrounds.com/company/sol-republic)** Series C · US **$28M** With 2 others
- **Jan** **[Reaction](https://millionrounds.com/company/reaction)** Seed · US **$500K** With 11 others
- **Jan** **[Nutanix](https://millionrounds.com/company/nutanix)** Series D · US **$101M** With 6 others
- **Jan** **[GOintegro](https://millionrounds.com/company/gointegro)** Series B · AR **Undisclosed** With 3 others
- **2013** 2 rounds
- **Sept** **[Lighting Science Group](https://millionrounds.com/company/lighting-science-group)** Growth · US · pehub.com **$20M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **10 named**

CE **Chistopher E. Varelas** Of the General Partner of the GP and member of the GP i Filing they signed

CE **Christopher E. Varelas** Of the General Partner of the GP and limited partner of the GP. i Filing they signed

FA **Francisco Alvarez Demalde** Limited Partner i Form ADV

FJ **Francisco J. Alvarez-Demalde** Director and Managing Partner of the general partner of the GP i Filing they signed

JT **Jeffrey Thomas Parks** Director and Managing Partner of the General Partner of the GP i Filing they signed

KL **Keith Lawrence Janosky** Chief Financial Officer i Form ADV

LL **Lisa L Wong** Chief Compliance Officer i Form ADV

ME **Michael E. Marks** Chief Executive Officer and Director of the General Partner of the GP i Filing they signed

NJ **Nicholas J. Brathwaite** Managing Director of the General Partner of the GP i Filing they signed

TJ **Thomas J. Smach** Director, Managing Partner, Chief Financial Officer and Secretary of the General Partner of the GP i Filing they signed

We also hold **45** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$6.2B** assets it manages Oct 2026

**4+** funds on file numbered funds in its name

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Riverwood Capital Management L.P.
- **SEC number:** CRD 158267

Funds on its Form ADV

**14** private funds, **$6.0B** in gross assets · filed Mar 2024

- Riverwood Capital Partners II L.P. *Private equity* 113 investors $1.5B
- Riverwood Capital Partners III L.P. *Private equity* 119 investors $1.1B
- Riverwood Capital Partners IV L.P. *Private equity* 72 investors $778M
- Riverwood Capital Partners IV (Parallel - A) L.P. *Private equity* 80 investors $563M
- Riverwood Capital Partners II (Parallel - B) L.P. *Private equity* 2 investors $383M
- Riverwood Capital Partners III (Parallel - B) L.P. *Private equity* 2 investors $366M
- Riverwood Capital Partners IV (Parallel - B) L.P. *Private equity* 2 investors $318M
- Riverwood Capital Partners Latam II L.P. *Private equity* 40 investors $304M
- Riverwood Capital Partners Latam L.P. *Private equity* 29 investors $260M
- Riverwood Capital Partners III (Parallel - A) L.P. *Private equity* 3 investors $220M

And 4 more on the filing.

Who backs their funds

## 1 LP on record in Riverwood Capital's funds

- **Committed:** $225M
- **Funds:** 2
- **Vintages:** 2020 to 2023

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2025.

- [**California State Teachers Retirement System** 2 funds *$225M*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed Riverwood Capital Partners IV 2023 $125M Riverwood Capital Partners III 2020 $100M

## Exits from the portfolio

Companies it backed that were later bought or listed **4 in all**

**[Wickr](https://millionrounds.com/company/wickr)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **Undisclosed** Jun 2021

**[Ticketfly](https://millionrounds.com/company/ticketfly)** Bought by Pandora Media **$450M** Oct 2015

**[Yellowsmith](https://millionrounds.com/company/yellowsmith)** Bought by ETS **Undisclosed** Jan 2014

**[Calix](https://millionrounds.com/company/calix)** Listed **Undisclosed** Mar 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$1.7B**

raised in Jul 2023

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series A Series B

Median round joined **$50M** the round, not its cheque Alone, median **$30M**

Led 11 of 53 rounds **21%**

- **Said size:** $25M – $125M
- **Sole investor:** 13 rounds
- **Last cheque:** Jun 2026
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Series B said *10*
- Growth *9*
- Series D *8*
- Series A said *7*
- Series C *6*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [500 Global](https://millionrounds.com/fund/500-startups) 3
- [Bee Partners](https://millionrounds.com/fund/bee-partners) 3
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 3
- [Northgate Capital](https://millionrounds.com/fund/northgate-capital) 3
- [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) 3
- [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) 3

**Pitching Riverwood Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Riverwood Capital. A count of rooms they were both in, not a relationship either has claimed.

[**500 Global** Angel **3** rounds together](https://millionrounds.com/fund/500-startups)[**Bee Partners** VC firm **3** rounds together](https://millionrounds.com/fund/bee-partners)[**Lightspeed Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Northgate Capital** Family office **3** rounds together](https://millionrounds.com/fund/northgate-capital)[**Tiger Global Management** VC firm **3** rounds together](https://millionrounds.com/fund/tiger-global-management)[**ff Venture Capital** VC firm **3** rounds together](https://millionrounds.com/fund/ff-venture-capital)[**Alsop Louie Partners** VC firm **2** rounds together](https://millionrounds.com/fund/alsop-louie)[**Benchmark** VC firm **2** rounds together](https://millionrounds.com/fund/benchmark)[**CME Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/cme-group)[**Dolby Family Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/dolby-family-ventures)[**Endeavor Catalyst** Corporate VC **2** rounds together](https://millionrounds.com/fund/endeavor-catalyst)[**FTV Capital** Private equity **2** rounds together](https://millionrounds.com/fund/ftv-capital)

## Recently backed

The latest companies Riverwood Capital put money into.

[**LeapXpert** $180M · Jun 2026](https://millionrounds.com/company/leapxpert)[**Minga** $65M · Mar 2026](https://millionrounds.com/company/minga)[**AppZen** $180M · Sept 2025](https://millionrounds.com/company/appzen)[**AgendaPro** $35M · Aug 2025](https://millionrounds.com/company/agendapro)[**Paytrack** $40M · Jan 2025](https://millionrounds.com/company/paytrack)[**netLex** $24M · Jul 2024](https://millionrounds.com/company/netlex)

## Mentioned on podcasts

Episodes that name Riverwood Capital in their description, not their title.

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 15 Jan 2025 · 21 min Data-Intelligence Leader: Alation’s Satyen Sangani With [Satyen Sangani](https://millionrounds.com/person/satyen-sangani) Mentions [Riverwood Capital](https://millionrounds.com/fund/riverwood-capital)[Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)[Thoma Bravo](https://millionrounds.com/fund/thoma-bravo) Apple PodcastsShow page
- [Latitud Podcast](https://millionrounds.com/podcasts/latitud) 12 Apr 2022 · 38 min #89 - A billion dollar exit 20 years in the making: Miguel Santos, Technisys Mentions [Endeavor](https://millionrounds.com/fund/endeavor)[Riverwood Capital](https://millionrounds.com/fund/riverwood-capital) Apple Podcasts
- [Latitud Podcast](https://millionrounds.com/podcasts/latitud) 15 Feb 2022 · 43 min #78 - Upskilling and reskilling for growth: Marta Forero Sepúlveda, UBITS Mentions [Riverwood Capital](https://millionrounds.com/fund/riverwood-capital) Apple Podcasts

## Quick answers about Riverwood Capital

### What does Riverwood Capital invest in?

Riverwood Capital invests most often at Series B and Growth (48% of the rounds on record), in sectors such as Technology.

### How active is Riverwood Capital?

53 investments on record, 3 of them in the last 12 months, and it led 11. The most recent was in Jun 2026.

### What has Riverwood Capital invested in recently?

Its most recent investments on record: LeapXpert (Growth, Jun 2026), Minga (Growth, Mar 2026) and Fracttal (Growth, Feb 2026).

### How big are Riverwood Capital's cheques?

The median round it joins is $50M. It says it writes cheques of $25M to $125M.

### Does Riverwood Capital lead rounds?

Yes: it led 11 of its 53 investments on record (21%).

### Where does Riverwood Capital invest?

Most of the companies it backs are in the United States (78%), Brazil (11%) and Chile (5%).

### Is Riverwood Capital investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does Riverwood Capital invest alongside?

Most often 500 Global (3 rounds together), Bee Partners (3 rounds together) and Lightspeed Venture Partners (3 rounds together).

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