Riverwood Capital Closes $1.8 Billion Growth Fund
Growth-stage investment firm Riverwood Capital has successfully closed its latest fund at \(1.8 billion, signaling strong investor confidence in its technology-focused strategy. This marks a significant increase from its 2020 fundraise of \)1.4 billion.
Investment Strategy and Portfolio Focus
Riverwood specializes in backing profitable or unit-economic-positive mid-size tech companies with high growth potential. Key aspects of their approach include:
- Investment Range: \(25M-\)100M per company
- Portfolio Targets: 20-30 companies per fund cycle
- Recent Investments: Includes cybersecurity firm SpyCloud, compliance platform Hyperproof, HR analytics provider One Model, and logistics tech company Logcomex
“We primarily allocate capital to new investments,” explained Jeff Parks, Riverwood’s Co-Founder & Managing Partner. “While we don’t reserve follow-on funding upfront, we selectively support existing portfolio companies for M&A opportunities, growth acceleration, or shareholder liquidity needs.”
Track Record and Geographic Focus
Since its 2008 launch, Riverwood has:
- Made 75+ investments
- Achieved 40+ exits (including IPOs and acquisitions)
- Backed notable public companies like Globant, GoPro, and Nextdoor
The firm maintains offices in Menlo Park, Miami, New York, and São Paulo, with most investments in U.S.-headquartered companies. However, Latin America represents a particularly promising market.
“Latin American tech companies in our portfolio have grown revenues at 50%+ annually over 15 years,” said Francisco Alvarez-Demalde, Co-Founder & Managing Partner. “Despite market corrections post-2021 peaks, the region’s tech potential has never been stronger.”
Growth Metrics and Future Outlook
Riverwood reports impressive performance metrics:
- Portfolio companies average 40% annual revenue growth
- Current AUM: $5.8 billion (pre-final close)
- Total investment value: $7.3 billion across all investments
The firm plans to continue supporting portfolio companies’ international expansion into Europe, Asia, and beyond. With this new fund, Riverwood is well-positioned to capitalize on global tech growth opportunities, particularly in emerging markets like Latin America.
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