London, ON – RHA Ventures Inc. (RHA), a boutique investment firm with a Founders for Founders approach, announced today the launch of a new $30M Venture Capital Fund; 519 Growth Fund II (519 GFII). The Fund will invest in early-stage companies in the Agriculture, Agri-Food and Technology Enabled sectors. The vision is to support company founders in the commercialization of innovative, sustainable technologies, while providing competitive returns for investors. RHA has secured a non-binding term sheet with an anchor investor and is actively fundraising toward a first close in March of 2024.
“We are excited to launch this new fund due to the market gap in both capital and business support for early-stage companies,” said Nevin McDougall, Managing Partner for RHA. “Looking specifically at the opportunities facing our target sectors, supporting commercialization of innovative technologies is key to addressing economic development, job creation and sustainability.”
The new fund is a natural progression from RHA’s initial fund, 519 Growth Fund I, which also focused on high potential, early-stage companies. The first fund supported companies with investments ranging between $75,000 and $250,000. 519 GFII will continue to focus on early-stage companies but also look at larger investments of $750,000 to $1,000,000 for Seed stage companies. The fund will focus on predominantly Canadian based firms. The RHA Ventures’ team, composed of experienced founders and entrepreneurs, will actively support and work with 519 GFII portfolio companies applying their knowledge, skills, and broad networks. View the complete list of partners at https://rha.ventures/partners.
“The launch of 519 Growth Fund II is further validation of our “Founders for Founders” approach” commented Joe Dales, co-founder of RHA. “Early-stage company founders are often in need of sector expertise, operational capability, and networks which our firm has delivered to other portfolio companies in the past. We look forward to continuing this impactful work with this fund.”
For more information on 519 Growth Fund II, please visit our website at https://rha.ventures/519-growth-fund-2
About RHA Ventures Inc. - Founders For Founders.
RHA Ventures (“RHA”) is a boutique investment company with a “Founders for Founders” approach to business. With decades of collective operational experience, our firm’s partners bring seasoned, hands-on support with go-to market approaches, commercial development, growth and exit strategies. RHA helps founders and entrepreneurs identify the most valuable market opportunities and scale their companies for sustainable growth. RHA leverages our core group of founders (business owners / entrepreneurs), our extensive network of mentors, industry connections, and investors to help entrepreneurs gain visibility, establish strategic relationships, and build successful companies.
RHA Ventures is a key investor and a General Partner of the 519 Growth Funds
The 519 Growth Fund was launched in 2022 to support innovations in early stage, growth-focused companies that are technology-enabled with demonstrated recurring revenue, market acceptance and a defensible market position.
For more information visit our website at www.RHA.Ventures
Contact:
Nevin McDougall, RHA Ventures email; nevin.mcdougall@rha.ventures
Michael Dales, RHA Ventures email: michael.dales@rha.ventures