Venture CapitalRIA · CRD 167687SEC-RegisteredPrivate Fund Adviser

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Rally Ventures

Rally Ventures is an SEC-registered investment adviser based in Minneapolis, MN, registered since 2013. It advises on investment strategies. The firm is...

Rally Ventures logo

Rally Ventures

Rally Ventures is an SEC-registered investment adviser based in Minneapolis, MN, registered since 2013. It advises on investment strategies. The firm is headquartered in Minneapolis.

General information

Firm type

Venture Capital

Year founded

2012

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Minneapolis

Corporate office

Menlo Park, CA, United States

Principals

Jeff Hinck

Co-Founder

Justin Kaufenberg

Co-Founder

Stephanie McCoy

Chief Financial Officer

Tom Peterson

Venture Partner

Zenas Hutcheson

Venture Partner

Sector focus

AI/MLCybersecurityFinTechSaaSInsurTechEnterprise Software

Frequently asked questions

Who runs investment decisions at Rally Ventures?

Investment decisions are led by co-founders Jeff Hinck and Justin Kaufenberg, who share a background as serial entrepreneurs and venture capitalists. They are supported by longtime venture partners Tom Peterson and Zenas Hutcheson, who have made early-stage investments for more than 30 years each. The firm does not disclose whether decisions are made by a formal investment committee or through a managing partner structure.

How does Rally Ventures source proprietary deal flow?

Rally leverages a network of over 100 'Tech Partners' — current and former C-level operators at enterprise technology companies — who originate, diligence, and support portfolio companies. Many deals come from the personal networks of co-founders Jeff Hinck and Justin Kaufenberg, who have founded more than ten companies each. The firm also creates deal flow internally by co-founding companies within its venture studio model, with examples including JustiFi, Yardstik, and Blank Metal.

Does Rally Ventures make fund commitments or only direct deals?

Rally Ventures exclusively makes direct venture capital investments in early-stage business technology companies, with no reported activities as a fund-of-funds or limited partner in other venture firms. The firm also originates its own companies by directly co-founding startups with operating executives inside the Rally platform.

What investment stages does Rally Ventures typically target?

Rally concentrates on early-stage rounds — predominantly seed and Series A — within the B2B technology sector. The firm's stated focus is on 'early-stage business technology' and its investment team has taken board seats at companies like Bugcrowd, Total Expert, and Yardstik, consistent with lead or co-lead positions at the earliest institutional financing rounds.

Which sectors does Rally Ventures explicitly avoid?

Rally's firm materials state that 'business technology is our exclusive focus,' suggesting it does not invest in consumer internet, hardware, life sciences, or climate tech. The publicly disclosed portfolio is concentrated in enterprise SaaS, AI/ML, cybersecurity, fintech, and insurtech — and the firm makes explicit negative space for sectors where its Tech Partner network would not have direct operational leverage.

How does Rally Ventures deploy its Tech Partner network operationally?

Tech Partners are practicing executives — not passive advisors — who work directly with portfolio company founders on go-to-market strategy, product development, and sales execution. Operating Partner Liz Benz, formerly Chief Sales Officer at Jamf, personifies this model: she was a Tech Partner before joining Rally's full-time staff. The network is designed to provide the type of hands-on mentorship that early-stage B2B companies need to scale from initial product-market fit to growth stage.

Is Rally Ventures structured as a traditional venture fund or does it operate more like a venture studio?

Rally operates as a hybrid: the firm runs a conventional early-stage venture fund while also co-founding companies from scratch inside its own platform. Co-founder Justin Kaufenberg has personally co-founded Yardstik (background screening), JustiFi (embedded fintech), and Blank Metal from within Rally. This venture studio arm feeds the core fund's deal pipeline with proprietary opportunities that external GPs cannot access as early.

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