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Venture Capital
rallyventures.com

Investments

117

Portfolio Exits

20

Funds

4

Partners & Customers

1

About Rally Ventures

Rally Ventures, formerly Icon Venture Partners, invests in high growth enterprise technology companies primarily at the Seed or Series A stage of financing with initial investments ranging from $100,000 to $4 million. Its hands-on approach, in combination with our Tech Partners Program, provides entrepreneurs with a vast network of enterprise IT executives with deep domain expertise.

Headquarters Location

301 Carlson Parkway Suite 110

Minnetonka, Minnesota, 55305,

United States

950-960-2471

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Latest Rally Ventures News

Lucem Health: Transformational Clinical AI Technology Company Secures $7.7 Million

May 22, 2023

Lucem Health – a leading provider of transformational clinical AI technology and solutions – announced that it has closed a Series A funding round of $7.7 million. Led by Mayo Clinic, Granger Management and Mercy (St Louis), this funding round builds on Lucem Health’s seed funding and includes financing from existing investor Rally Ventures. The funding round will be used to advance the development of Lucem Health’s platform for clinical AI solution deployment, grow the company’s solution portfolio, and expand its sales and marketing capacity. Essentially, Lucem Health helps clinical AI innovators transform data science into innovative, trusted solutions that can detect diseases earlier and optimize care delivery, positively impacting patient lives, improving the physician and provider experience, and ultimately producing improved outcomes. Lucem Health recently launched Lucem Health Reveal, a family of solutions that identify patients who may be at a higher risk of serious or chronic diseases. And Reveal solutions use readily available clinical data to surface previously undiscovered insights, helping physicians and providers deliver improved health outcomes for their patients and greater financial value to their organizations. KEY QUOTES: “AI has tremendous potential to transform and augment how physicians and providers practice medicine, make decisions and serve their patients. Yet, so far, we have barely scratched the surface of AI’s potential in healthcare. We started Lucem Health to accelerate integration of powerful AI-generated insights into care delivery workflows in a thoughtful, responsible way. In a challenging market for raising capital, we appreciate our investors’ confidence and support.” — Sean Cassidy, founding CEO of Lucem Health Trending on Pulse 2.0

Rally Ventures Investments

117 Investments

Rally Ventures has made 117 investments. Their latest investment was in BOND Sports as part of their Unattributed VC - II on May 5, 2023.

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Rally Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/9/2023

Unattributed VC - II

BOND Sports

$2M

Yes

1

5/9/2023

Series A - II

Lucem Health

$7.7M

Yes

6

5/1/2023

Series B

Gappify

$10M

No

1

3/27/2023

Series A - II

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10

3/8/2023

Series B

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$99M

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10

Date

5/9/2023

5/9/2023

5/1/2023

3/27/2023

3/8/2023

Round

Unattributed VC - II

Series A - II

Series B

Series A - II

Series B

Company

BOND Sports

Lucem Health

Gappify

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Amount

$2M

$7.7M

$10M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

6

1

10

10

Rally Ventures Portfolio Exits

20 Portfolio Exits

Rally Ventures has 20 portfolio exits. Their latest portfolio exit was SecZetta on January 12, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/12/2023

Acquired

$99M

12

10/26/2022

Acquired

$99M

4

3/1/2022

Acquired

$99M

3

11/17/2021

IPO

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$99M

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10

9/8/2021

Acquired

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$99M

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10

Date

1/12/2023

10/26/2022

3/1/2022

11/17/2021

9/8/2021

Exit

Acquired

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

12

4

3

10

10

Rally Ventures Fund History

4 Fund Histories

Rally Ventures has 4 funds, including Rally Ventures Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/9/2020

Rally Ventures Fund IV

$250M

4

4/23/2018

Rally Ventures Fund III

$99M

10

12/31/2015

Rally Ventures Fund II

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10

11/6/2013

Icon Venture Partners

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10

Closing Date

12/9/2020

4/23/2018

12/31/2015

11/6/2013

Fund

Rally Ventures Fund IV

Rally Ventures Fund III

Rally Ventures Fund II

Icon Venture Partners

Fund Type

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Status

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Amount

$250M

$99M

Sources

4

10

10

10

Rally Ventures Partners & Customers

1 Partners and customers

Rally Ventures has 1 strategic partners and customers. Rally Ventures recently partnered with Sport Ngin on June 6, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

6/9/2016

Partner

United States

TECHdotMN Q&A With The Pitch, A Sportstech Coworking Hub Launching In Minneapolis - TECHdotMN

It all came together by way of partnership between software maker Sport Ngin and key investor , Rally Ventures .

1

Date

6/9/2016

Type

Partner

Business Partner

Country

United States

News Snippet

TECHdotMN Q&A With The Pitch, A Sportstech Coworking Hub Launching In Minneapolis - TECHdotMN

It all came together by way of partnership between software maker Sport Ngin and key investor , Rally Ventures .

Sources

1

Rally Ventures Team

5 Team Members

Rally Ventures has 5 team members, including current Founder, Managing Director, Jeff Hinck.

Name

Work History

Title

Status

Jeff Hinck

Founder, Managing Director

Current

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Name

Jeff Hinck

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Work History

Title

Founder, Managing Director

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Status

Current

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