Rally Updates

Rally portfolio company Qualifi has been acquired by Humanly, alongside Sprockets and HourWork. Together, these category leaders are building a true end-to-end conversational AI hiring platform.

Rally Ventures has been included on TIME and Statista’s inaugural list of America’s Top Venture Capital Firms of 2025. The list highlights 350 U.S.-based venture firms that demonstrated strong fundraising, investment activity and fund performance over the past five years.

Last week’s Annual Meeting was great chance to spend time with our investors, tech partners and entrepreneurs all in one place. The meeting covered a range of updates, including fund performance, key market trends and investment themes, including how competitive differentiation in AI is starting to take shape. 

Congratulations to our wonderful CFO Stephanie McCoy, who was recently recognized as a 2024 Notable Chief Financial Officer in Twin Cities Business!

Charles passed away unexpectedly this September after a courageous battle with cancer.  He was a devoted family man, a brilliant venture capitalist and the truest friend you could ever have.

We’re thrilled to welcome Luke Zaientz to the Rally Ventures team. In his role as Operating Partner, Luke will work closely with our portfolio companies, providing expertise in go-to-market, customer success, product prioritization, new market entry, mergers and acquisitions, pricing/product marketing and more.

We are thrilled to announce that CRIO, a leading provider of eSource and other eClinical technologies, received a significant investment from The Riverside Company, a global growth oriented private equity firm.

Last week’s Annual Meeting was a great opportunity for our investors, tech partners and founders to be together. During the meeting, we discussed fund performance, key market trends and investment themes. 

Today we’re excited to announce the close of Rally Fund V, a $240 million fund to invest in companies bringing innovative approaches to enterprise technology.

We are thrilled to announce that Revelstoke Security has been acquired by Arctic Wolf. Revelstoke created the next generation Security Orchestration, Automation and Response (SOAR) platform. Its patented Unified Data Layer eliminates nearly all coding requirements and creates the flexibility to switch out technologies and products.