Investments
117Portfolio Exits
20Funds
4Partners & Customers
1About 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.

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Latest Rally Ventures News
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.

Rally Ventures Investments Activity

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 | |||||
3/8/2023 | Series B |
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 | ||
Amount | $2M | $7.7M | $10M | ||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 6 | 1 |
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 | 12 | |||
10/26/2022 | Acquired | 4 | |||
3/1/2022 | Acquired | 3 | |||
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 | ||||
12/31/2015 | Rally Ventures Fund II | ||||
11/6/2013 | Icon Venture Partners |
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 | ||||
Status | ||||
Amount | $250M | |||
Sources | 4 |
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 | El Dorado Ventures, Vesbridge Partners, Sistina Software, and McKinsey & Company | Founder, Managing Director | Current |
Name | Jeff Hinck | ||||
---|---|---|---|---|---|
Work History | El Dorado Ventures, Vesbridge Partners, Sistina Software, and McKinsey & Company | ||||
Title | Founder, Managing Director | ||||
Status | Current |
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