# Rothenberg Ventures

Rothenberg Ventures is a Venture Capital based in San Francisco, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** rothenbergventures.com
- **LinkedIn:** https://www.linkedin.com/company/rothenberg-ventures

## Regulatory record

- **CRD number:** 169646
- **SEC file number:** 802-78849
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/169646

## About

Rothenberg Ventures is an exempt reporting adviser in San Francisco, CA. It advises clients from its office.

## Sectors

- Enterprise Software
- AI/ML
- SpaceTech
- Robotics & Automation
- FinTech

## People

- Mike Rothenberg — Founder and CEO

## Questions

### Who ran investment decisions at Rothenberg Ventures?

Mike Rothenberg held unilateral authority over investment decisions and firm operations. There was no publicly disclosed investment committee or external advisory board with veto power. This centralized control structure was a central factor cited in the SEC's enforcement action.

### What happened to Rothenberg Ventures?

The firm effectively collapsed between 2016 and 2018 after a series of LP lawsuits, media investigations, and an SEC investigation revealed mismanagement. The SEC filed charges in 2018, alleging that Rothenberg overcharged funds for personal expenses and concealed financial distress from investors. A final judgment in March 2021 barred him from the industry (per SEC, 2021).

### What did Rothenberg Ventures invest in?

The firm invested in seed-stage frontier technology companies with a heavy emphasis on space, virtual reality, robotics, and early blockchain infrastructure. Confirmed portfolio names included SpaceX and digital asset exchange Kraken. The firm also ran River Studios, a VR-focused incubator, before the category attracted broad venture attention.

### Is Rothenberg Ventures still active?

No. The firm has not operated as an active venture investor since at least 2018. Its remaining assets were effectively frozen or unwound through the enforcement process, and no successor entity has claimed the mandate or the portfolio.

## Related profiles

- [Rosewood Capital](https://altss.com/profile/rosewood-capital)
- [Royal Palm Capital Partners](https://altss.com/profile/royal-palm-capital-partners)

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Last updated: 2026-08-14T12:30:00.000Z

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