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B. Riley Venture Capital operates as the dedicated corporate venture arm of B. Riley Financial, specializing in investments within the late-stage private growth sector. The firm strategically targets companies demonstrating a clear trajectory toward public market entry, deploying capital from its off-balance sheet resources. This approach allows it to engage with mature private enterprises, providing them with essential funding and strategic guidance as they navigate the pre-IPO landscape.
The venture capital division was formally launched in October 2020, spearheaded by Todd D. Sims, who transitioned from an executive role within B. Riley Financial. This initiative stemmed from the parent company's insight into the need for a specialized vehicle to support growth-oriented businesses nearing their public debut, leveraging B. Riley Financial's extensive expertise in capital markets and financial advisory services under the leadership of Bryant R. Riley, Chairman and Co-Chief Executive Officer.
B. Riley Venture Capital serves late-stage private companies that are poised for significant expansion and eventual public offerings. The firm’s vision centers on fostering the growth of these enterprises by bridging the gap between private financing and public market access. It aims to be a critical partner for companies seeking to scale and achieve liquidity, aligning its investment strategy with its parent company's comprehensive financial ecosystem.
B. Riley Venture Capital has 11 tracked investments across 10 companies. The latest tracked deal is $14.0M Series B in Salted in October 2023.