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The RIT Venture Fund provides investment capital and strategic guidance to entrepreneurial ventures closely tied to the Rochester Institute of Technology community. Operating as an evergreen fund, it deploys risk capital to support emerging companies. All investment gains are reinvested, creating a continuous cycle of support for future university-affiliated enterprises.
Established about ten years ago, the RIT Venture Fund originated from RIT's commitment to fostering entrepreneurship among its constituents. Its formation reflected an institutional understanding of the critical need for dedicated risk capital within its academic and alumni network. This initiative offers a structured mechanism to channel resources and expertise into promising RIT projects.
The fund primarily supports entrepreneurs and startups from RIT's diverse academic and alumni body. Its long-term vision is to continually strengthen the RIT entrepreneurial ecosystem, ensuring a sustained pipeline of innovation by reinvesting successes into new ventures. This forward-looking approach positions the fund as a crucial pillar for enduring economic and technological development.
RIT Venture Fund has 2 tracked investments across 2 companies. The latest tracked deal is $2.0M Seed in Casana in March 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2020 | Casana | $2.0M Seed | NAN Jiang | Draper Esprit, NCT Ventures, Norrsken VC, Excell Partners, Impact Capital OF NEW York, LaunchNY, Tech Coast Angels |
| Jun 27, 2017 | Token | $1.5M Other Equity | — | Future Perfect Ventures, High Line Venture Partners, RRE Ventures |