Rittenhouse Ventures

Rittenhouse Ventures is a Philadelphia-based emerging-growth venture capital firm founded in 2006 with a roughly 20-year track record investing in technology businesses across the Mid-Atlantic and other underserved US markets. The firm is led by Founder and Managing Partner Saul Richter, with Fund III partners David Nevas -- previously a Partner at Edison Partners with approximately 20 years of technology investing experience -- and Sushma Rajagopalan, a former CEO of ITC Infotech and Partner at LiquidHub with 30 years of operating leadership. In July 2025 Rittenhouse announced the successful close of Fund III, bringing firm assets under management to over $75 million. Rittenhouse invests into rounds of $5 million or less at Seed and Series A stages, targeting B2B SaaS, AI and tech-enabled services companies generating $2M to $10M in revenue. The firm leads rounds and concentrates nearly half its capital in healthcare IT, reflecting deep domain expertise in that vertical. Across 30 or more portfolio investments with 20 exits, the track record includes Tabula Rasa HealthCare (NASDAQ: TRHC), AppsFlyer, Prosperoware (acquired by Litera), GSI Health (acquired by Medecision) and Piano Software. Initial Fund III investments were made in GoMo Health, Pieces Technologies, WealthHub Solutions and High QA, with TranscendAP joining the portfolio in October 2025. Rittenhouse's most recent exit was Pieces in September 2025. The firm brings hands-on operational expertise to each portfolio company, drawing on partners' decades of experience building technology businesses in healthcare IT, financial services and human resources, and provides strategic guidance that extends well beyond capital to recruiting, go-to-market and scaling support.