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RC Capital

Growth equityoperating company · company profile

Cincinnati · Series B–Late Stage · 20 people tracked

Also known as RIVER CITIES MANAGEMENT, INC. (F.K.A. MAYFIELD & ROBINSON, INC.)

Find your way into RC Capital

3,343 people in our graph share verified history with the RC Capital team — schools, employers, funds. One of them is your warm intro.

David Phuunlockedknows Ryan Moeller · together at PwC (overlapped)
×6knows the team · via PwC
knows the team · via Duke University - The Fuqua School of Business
×4knows the team · via The University of Chicago Booth School of Business
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Investment thesis

RC Capital invests in the healthcare sector, targeting the intersection of three focus areas: medical devices, healthcare services, and healthcare IT (HCIT). The firm aims to invest on the 'right side of healthcare' by backing companies that help clinicians improve care delivery and enhance patient experiences and outcomes. Its approach combines an institutional structure with rigorous analysis, collaboration, and contrarian thinking, working closely with partners and portfolio company leadership.

Source: firm website, verified Sep 1, 2026.

Stage
Series B–Late Stage
HQ
Cincinnati, Ohio, US
Instruments
Equity
Founded
1994
AUM
$682.1M
Tracked investments
57

Team · 20 people

from the firm's website & public directories
Daniel Fleming· Managing Partner
J. Carter McNabb· Managing Partnerin
Robert Heimann· Managing Partner
Rurik “Rik” Vandevenne· Managing Partner
Adrienne Vannarsdall· CFOin
Britney Byrd· Analyst, Finance
Jesse Gray· Executive-in-Residence
Kushal Modi· Analyst, Investments
Scott Steever· Vice President

What they invest in

from 18 of 57 portfolio companies

Healthtech ×16Medical Devices ×12Digital Health ×7Hardware ×5AI & Machine Learning ×2Biotech ×2Enterprise Software ×2SaaS ×2

HQs:United States×17

Who they back

founder profiles across 9 portfolio companies
78%
solo founders
7 of 9 mapped founding teams

Founding team size:solo founder×72 founders×13 founders×1

Investments · 57 tracked

founders shown can be your intro path

By year:2024 · 32021 · 12015 · 15 dated

Captive Radiologycaptiveradiology.comin✓ verified

Captive Radiology designs and manages imaging partnerships for healthcare providers, offering mobile and in-house radiology programs along with operations management, project management, staffing, equipment sourcing, and quality assessment.

Digital HealthEnterprise SoftwareHealthtechMedical DevicesCleveland, US

Dave KellyinJoe Palmisano

Elucent Medicalelucent.comin𝕏✓ verified

Elucent develops precision-guided surgical technologies that use 3D spatial positioning to make surgical procedures less invasive and more effective.

Deep TechHardwareHealthtechMedical Devices

Jason Pesterfield(President & Chief Executive Officer)in

Co-investorsVensana Capital

AccelecareAcquired

Bellevue, Washington-based provider of outpatient wound care management services to hospitals and skilled nursing facilities.

Aligned Cardiovascular Partners

A collaborative platform uniting cardiovascular physicians to improve patient care, access, and outcomes while providing practice support services.

Aps
Aviveavive.lifein𝕏Apr 2024 · $56.5M

Avive develops automated external defibrillators (AEDs) and cardiac emergency response systems designed to improve outcomes for sudden cardiac arrest.

Digital HealthHealthtechIoTMedical DevicesForsyth, US

Rory Beyer(Co-founder)inMoseley Andrews(Co-founder)inSameer Jafri(Co-founder)in

Co-investorsAngel Physicians FundHealthtech CapitalIrishAngelsLaerdal Million Lives FundQuesta CapitalCatalyst Health Ventures+1 more

Bardybardydx.cominDec 2021Acquired

BardyDx develops the Carnation Ambulatory Monitor (CAM), a lightweight cardiac patch monitor designed for extended-wear ambulatory ECG monitoring that emphasizes P-wave signal clarity.

Digital HealthHealthtechMedical DevicesSeattle, US

Gust H. Bardy(Executive Officer, Director, Promoter)Mark Querry(Executive Officer)Kevin Nelson, III(Executive Officer)Rik Vandevenne(Director)Alan Levy(Director)Mark Handfelt(Executive Officer, Promoter)

Co-investorsAPERTURE Venture PartnersAphelion CapitalAscension VenturesLumira VenturesRex Health VenturesSV Health Investors+1 more

Bolder SurgicalAcquired

Colorado maker of small-diameter laparoscopic vessel-sealing and stapling devices, acquired by Hologic in 2021 for about $160M.

Building EnginesAcquired

Boston-based provider of Prism, a cloud building operations platform for commercial real estate, acquired by JLL in 2021.

Canvas

Canvas turns iPhone/iPad LiDAR scans of interiors into architectural-grade 3D CAD and BIM models.

Catalyst
Centerre HealthcareAcquired

Franklin, Tennessee operator of inpatient rehabilitation hospitals run as joint ventures with acute care hospital systems; acquired by Kindred Healthcare in 2015.

Checkpoint Surgicalcheckpointsurgical.comin

Checkpoint Surgical develops intraoperative nerve stimulation devices, biomaterial implants, and surgical instruments for peripheral nerve and tendon surgery.

BiotechHealthtechMedical DevicesCleveland, US

Marilyn A. Eisele(Executive Officer)Kevin M. Scanlan(Executive Officer)Donald Hubbard(Executive Officer)inMark Stultz(Executive Officer)

BoardTracy Marshbanks(Director)inGeoffrey B. Thrope(Executive Officer, Director)in

Co-investorsFirst AnalysisJumpstart VenturesMutual Capital PartnersNDI

Cmhc SystemsAcquired

Dublin, Ohio provider of behavioral healthcare information management software, acquired by Netsmart Technologies in 2005.

Cognitive Research Corporation Crc

Cognitive Research Corporation is a full-service contract research organization focused on central nervous system clinical trials.

Dialogtechdialogtech.comin𝕏acquired by Invoca

DialogTech was a Chicago-based provider of AI-powered call tracking and marketing analytics, acquired by Invoca in May 2021.

AI & Machine LearningMarketing TechSaaSChicago, US

Irvin M Shapiro(Director)Cindy Pogrund(Executive Officer)Jason Ferrara(Executive Officer)Robert Doyle(Executive Officer)Jason Pinter(Executive Officer)William M. Conroy(Director)

Co-investorsLevel EquityTensility Venture PartnersRiver Cities Capital

EndoChoiceAcquired

Company commercializing endoscopic imaging systems, devices, and infection-control products for gastrointestinal specialists.

Co-investorsAccelmed PartnersAgate Medical Investments LP

Endodontic Practice Partnersendodonticpracticepartners.comin

Endodontic Practice Partners (EPP) is a dental support organization that partners with endodontic practices, providing shared business resources, infrastructure, technology, and operational support to help them grow.

Healthtech

Dr. Terryl Propper(Executive Management Team / Founder)Sam Hutcheson(Executive Management Team / Founder)in

FlexcareAcquired

FlexCare operates outpatient infusion and injection therapy centers for patients with chronic and complex conditions.

Health IntegratedAcquired

Tampa-based care management company serving health plans' Medicaid, Medicare and dual-eligible members; acquired by EXL in 2017.

Health Personnel Options
Horizon Resource GroupAcquired

Brentwood, Tennessee-based national group purchasing organization serving government institutions; acquired by Provista in 2013.

Inspiris
InvivodataAcquired

Pittsburgh-based provider of electronic patient-reported outcomes solutions and consulting for clinical trials, acquired by ERT in 2012.

Label InsightsAcquired

Chicago-based product attribute data platform for CPG brands and retailers, acquired by NielsenIQ in May 2021.

Lattice EnginesAcquired

B2B predictive marketing and sales software company, acquired by Dun & Bradstreet in 2019.

San Mateo, US

Shashi Upadhyay(Executive Officer, Director)Kent McCormick(Executive Officer, Director)Howie Shohet(Executive Officer)

BoardPeter Sonsini(Director)Douglas Leone(Director)Mickey Arabelovic(Director)

Co-investorsNew Enterprise Associates (NEA)CEOs'

MedplastAcquired

MedPlast, now Viant, is a contract manufacturer of precision plastic, rubber and metal components for medical device OEMs.

Mindpath Healthmindpath.comin𝕏

Mindpath Health is an independent provider of outpatient mental health care services that aims to expand patient access to mental health treatment.

Digital HealthHealthtechMental Health

Co-investorsAscension VenturesLeonard Green

ModifyHealthmodifyhealth.comin

ModifyHealth delivers medically-prescribed meal plans and dietary interventions designed for patients with gastrointestinal conditions including IBS, IBD, and celiac disease.

Digital HealthDirect to ConsumerFoodTechHealthtechAlpharetta, US

GB Pratt(Founder & CEO)George Pratt(Executive Officer, Director)Pete Desai(Executive Officer)in

BoardRik Vandevenne(Director)Chase Perry(Director)H Grey Wood(Director)

Co-investorsMiddleland Capital

Mosaic Diagnosticsmosaicdx.comin𝕏

Mosaic Diagnostics provides laboratory testing services that identify root causes of complex chronic diseases, serving practitioners and patients seeking alternatives to symptom-focused traditional medicine.

Digital HealthHealthtechMedical Devices

National Medical Solutions
Netsertive

North Carolina-based 'brand-to-local' marketing technology company that runs localized digital ad programs for national brands.

Niconiconeuro.comin𝕏

NICO develops surgical devices for neurosurgery, including tools used in treating intracerebral hemorrhage (ICH) and fluorescence-guided surgery.

HardwareHealthtechMedical DevicesIndianapolis, US

Joseph Mark(Executive Officer, Director)Jeffrey L. Hanthorn(Executive Officer, Director)Jim Pearson(Executive Officer, Director)

BoardJ. Carter McNabb(Director)Keith E. Brauer(Director)Niles L. Noblitt(Director)

Oncall Staffing

Houston-based staffing and recruiting agency, women/minority owned and HUB certified by the State of Texas.

Orthalignorthalign.comin

OrthAlign develops medical device technology for precise alignment during hip and knee replacement surgery, serving orthopedic surgeons in the surgical technology space.

HealthtechMedical DevicesAliso Viejo, US

Jamy Gannoe(Co-founder)inEric Timko(President and CEO)inDavid S. Smith(Executive Officer)William E. Maya(Executive Officer, Director)Christopher Martin(Director)D. Ronald Yagoda(Director)

Co-investorsCalifornia Technology VenturesMutual Capital Partners

OrthoHelix Surgical DesignsAcquired

Ohio maker of plates, screws and instruments for hand, wrist, foot and ankle extremity fixation surgery, acquired by Tornier in 2012.

Co-investorsMutual Capital Partners

Orthoscanorthoscan.comin𝕏Acquired

Orthoscan designs and manufactures mini C-arm imaging devices for use in surgical and clinical environments.

HardwareHealthtechMedical Devices

Co-investorsCalifornia Technology Ventures

OrthoScienceSep 2024 · $20M

Mill Valley, US

Sean Carlson(Executive Officer, Director)

Co-investorsBridge BankMutual Capital Partners

Perfectserveperfectserve.comin𝕏

PerfectServe provides communication and coordination software for healthcare organizations, including secure messaging, patient engagement, case scheduling, and emergency notification capabilities for hospital operations and call centers.

AI & Machine LearningCloud ComputingDigital HealthEnterprise SoftwareHealthtechSaaS

Pioneer Surgical TechnologyAcquired

Marquette, Michigan medical device maker of spinal and orthopedic implants, acquired by RTI Biologics in 2013.

Q Laboratories

Cincinnati-based contract laboratory providing microbiological, analytical chemistry and stability testing services.

Qapel
Reputation
SimbionixAcquired

Israeli-founded developer of virtual reality surgical and medical training simulators, now part of Surgical Science.

SmartsignalAcquired

SmartSignal provided predictive diagnostic software and remote monitoring services for industrial equipment; acquired by GE in 2011.

Co-investorsCarbide Ventures

Spineology

Spineology develops the OptiMesh conforming, patient-specific expandable interbody implant for minimally invasive lumbar spine fusion.

Spineology Incspineology.comin

Spineology develops minimally invasive spine surgery implants, including its flagship OptiMesh interbody fusion technology that delivers a bone graft-containing implant through a small surgical portal.

BiotechHardwareHealthtechMedical DevicesSt. Paul, US

Stephen D. Kuslich(Founder)JAMISON YOUNG(Executive Officer)inBrian Snider(Chief Executive Officer & Board Member)inSteve Nemitz(Chief Financial Officer)inAmanda Bloom(Executive Vice President, Marketing)inEmory Rooney(Executive Vice President, Sales)in

Co-investors1315 CapitalSV Health Investors

SPR Therapeuticssprtherapeutics.comin𝕏Feb 2024 · $85M

SPR is a medical device company that develops the SPRINT Peripheral Nerve Stimulation (PNS) System, a non-opioid, non-surgical, minimally invasive treatment for acute and chronic pain.

HardwareHealthtechMedical DevicesCleveland, US

Maria Bennett(President, CEO & Founder)inJosh Boggs(Executive Officer)inMark Stulz(Executive Officer)Marilyn A. Eisele(Executive Officer)Ben Austin(Chief Financial Officer)inDavid Youngberg(Chief Commercial Officer)

Co-investorsJumpstart VenturesMutual Capital PartnersNDIRevelation PartnersRiver Cities Capital

Standard Bariatricsstandardbariatrics.cominAcquired

Standard Bariatrics develops the Titan SGS™ Stapler, a specialized surgical device designed for sleeve gastrectomy procedures that creates consistent and symmetrical gastric pouches using an anatomy-based approach.

Medical Devices

Co-investorsCincyTechEmergent Medical Partners, LLPHatteras Venture PartnersJobsOhio VenturesRiverVest Venture PartnersUS Venture Partners

Surgiquestsurgiquest.cominMar 2015Acquired

SurgiQuest develops access technology for minimally invasive surgery, including the AirSeal insufflation and access system.

Milford, US

Kourosh Azarbarzin(Executive Officer, Director)

BoardDavid Collier(Director)Ned Scheetz(Director)J. Carter McNabb(Director)Peter Wiest(Director)Joseph DeVivo(Director)

Co-investorsCalifornia Technology Ventures

Suros Surgical SystemsAcquired

Indianapolis medical device maker of the ATEC vacuum-assisted breast biopsy platform, acquired by Hologic in 2006.

Task EasyAcquired

TaskEasy runs a marketplace connecting single-family rental and commercial property owners with lawn care and maintenance contractors.

The Blanchard Institute

North Carolina behavioral health provider offering family-centered intensive outpatient and partial hospitalization treatment.

Tissuetech

Regenerative medicine company developing cryopreserved human amniotic membrane and umbilical cord tissue products.

Trax Technologies

Trax Technologies provides transportation spend and performance management software, including freight audit and payment, for large enterprises.

Urgent Team

Nashville-based operator of 80+ urgent care and walk-in centers across eight health-system-affiliated brands in the Southeast.

Veran Medicalveranmedical.comAcquired

St.

HealthtechSt. Louis, US

Scott Wrightstone(Executive Officer)inMaureen Oehler(Executive Officer)Jason Pesterfield(Executive Officer, Director)inRyan Denney(Executive Officer)inMark Hunter(Executive Officer)inRobert Powers(Executive Officer)in

Co-investorsRex Health VenturesVensana Capital

Exits · 1

IPOs and acquisitions across the tracked portfolio

Dialogtechacq. by Invoca

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has RC Capital made?
RC Capital has 55 tracked investments, 25 of which have exited via acquisition or IPO.
What stage does RC Capital invest at?
RC Capital invests at the Series B, Series C, Late Stage stages.
What sectors does RC Capital focus on?
RC Capital focuses on AI & Machine Learning, Digital Health, Healthtech, Marketing Tech, Medical Devices, SaaS.
Where is RC Capital located?
RC Capital is headquartered in Cincinnati, US.
Does RC Capital lead rounds?
RC Capital has led 4 of the 10 rounds where its role is on record.
Who does RC Capital co-invest with?
RC Capital most often shares deals with Mutual Capital Partners, California Technology Ventures, Ascension Ventures, among 30 tracked co-investors.

Images

RC Capital photo

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