RC Capital (formerly River Cities Capital Funds) is a lower middle market private equity and growth equity firm building high-potential healthcare companies across medical devices, healthcare services, and healthcare IT. The firm is based in Cincinnati, Ohio and was founded in 1994.
41% of their portfolio is in Healthcare. Average disclosed round size is $22.5M (across 28 rounds with reported amounts).
Portfolio
24
Fund Size
$250M
Top Stage
Growth
Last 12 Mo
0
Team
Daniel Fleming
Managing Partner
J. Carter McNabb
Managing Partner
Robert Heimann
Managing Partner
R“
Rurik “Rik” Vandevenne
Managing Partner
Patrick Dunnigan
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
32 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Modifyhealth | Growth | — | Dec 2024 |
| Modifyhealth | Series C | — | Dec 2024 |
 Avive Solutions | Growth | $56.5M | Apr 2024 |
 Avive | Growth | $56.5M | Apr 2024 |
| EEndodontic Practice Partners | Growth | $20M | Apr 2024 |
| Modifyhealth | Series C | $13.5M | Jan 2024 |
| Avive | Growth | $56.5M | Jan 2024 |
 Catalyst Orthoscience | Growth | $20M | Nov 2023 |
| CCognitive Research Corporation Crc | Growth | — | Nov 2022 |
| Catalyst Orthoscience | Series D | $20M | Oct 2021 |
| BBardydx | Series B | — | Apr 2019 |
 Faction | Series B | $18M | Mar 2018 |
 Label Insight | Series C | $21M | Dec 2017 |
 Orthalign | Series D | $10M | Sep 2017 |
 TaskEasy | Series C | $21.3M | Jan 2017 |
| VVeran Medical Technologies | Growth | $31M | Jan 2016 |
 Netsertive, Inc. | Unknown | $24M | Dec 2015 |
| VVeran Medical Technologies | Series A | $4.8M | Jan 2015 |
 Perfectserve | Series D | $21M | Jan 2015 |
| Orthalign | Series B | $56M | Jan 2014 |
| Perfectserve | Series C | $10.9M | Feb 2012 |
| OOrthohelix Surgical Designs | Unknown | $2M | Jun 2009 |
| OOrthohelix Surgical Designs | Unknown | $7.3M | May 2008 |
 SPS Commerce | Series B | $18M | May 2003 |
| SSmartsignal | Unknown | $12M | Oct 2001 |
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Top Co-Investors
Mutual Capital Partners7 shared
Revelation Partners4 shared
Laerdal Million Lives Fund3 shared
Health Catalyst Capital3 shared
SV Health Investors3 shared
Versant Ventures2 shared
ADvantage2 shared
CRG2 shared
Hercules Capital, Inc.2 shared
MemorialCare Innovation Fund2 shared
Middleland Capital1 shared
Rock Health1 shared
RiverVest Venture Partners1 shared
U.S. Venture Partners1 shared
Emergent Medical Partners1 shared
Crestline Investors1 shared
Accel-KKR1 shared
Providence Ventures1 shared
Last updated: 20 October 2026