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Rief Ventures operates as an early-stage investment fund, primarily focusing on pre-seed and seed-stage technology businesses. The firm deploys capital to support promising startups and emerging companies, seeking to provide foundational funding for their development and growth. It emphasizes identifying and backing innovative ventures in the nascent stages of their corporate lifecycle, contributing strategic support alongside financial investment.
The venture was initiated by Austin Rief, co-founder of the successful media company, Morning Brew. Leveraging his experience in building and scaling a significant media enterprise, Rief began making personal investments through what evolved into Austin Rief Ventures. This transition reflected an insight into supporting new founders, bringing his practical entrepreneurial background to the investment landscape with a focus on early opportunities.
Rief Ventures serves a clientele of ambitious early-stage founders and technology companies. The firm's vision centers on empowering the next generation of entrepreneurs, backing those who demonstrate a commitment to product excellence and resilience amidst evolving market conditions. It aims to foster the development of impactful technology businesses, contributing to the broader innovation ecosystem by nurturing foundational growth.
Rief Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $2.0M Seed in Blip in February 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 1, 2023 | Blip | $2.0M Seed | Susa Ventures, Browder Capital, Dash Fund, Picks And Shovels, Rief Ventures, Shrug Capital, Wischoff Ventures | Accomplice VC, Ambush Capital, Asylum Ventures, Fifty Years, Haun Ventures, Inflection, Jefferies LLC, Union Square Ventures, Y Combinator, Aaron Harris, Charlie Songhurst, Justin Kitch, Jutta Steiner, Mike Volpe |
| Apr 1, 2021 | Zengo | $20.0M Series A | Insight Partners | Emergence Capital, H.I.G. Capital, High Alpha, OWL Rock Capital Partners, Storm Ventures, Kyle Porter, Benson OAK Ventures, Collider Ventures, Distributed Global, Elron Ventures, FJ Labs, Samsung Next |