RJG Venture Capital, LLC

STRATEGIC CAPITAL

RJG In Numbers

RJG will review more than 500 deals per year, investing in approximately 20 startups. This is obviously a competitive dynamic. Regardless, our mission is to provide as much value as we can to all companies that pitch to RJG. Most companies that do not progress further in our process will still benefit from it; especially those that make it to the Selected Companies Process. We do not invest in real estate, restaurants, retail, franchises or other funds, but we do invest in AgTech, Blockchain, Energy, Biotech, Fintech, hardware, software, MedTech, [IT] and life sciences, in a Seed round or as follow-on capital on a Series A or B. For the most part, RJG’s investment will be the first “organized” money into a company.

Year Founded
2020

RJG Location
St. Louis, MO


Investment Focus
AgTech, Biotech and IT

Company Stage
Seed to Series A

Investment Size
$100K-250K

Deal Criteria
Raised at least $XXK previously, at least 2 co-founders

Investment Criteria
Women Found,
Women Led Startups

Location Preference
Midwest, Rocky Mountains,
South US and LATAM
Fund
Fund I at $3 MM

OUR TEAM

About Our Team

RJG’s team is not large, especially compared to similar funds, but we are a tight-knit family that treats anyone and everyone that walks through our doors as part of the family.

Ron Gregory
Managing Partner

Ron is a Founding and Managing Partner of RJG Venture Capital. He began his career… He has been… He hold a MSc in Finance from …

Bia Henriques, PhD
Managing Partner

Bia is a Founding and Managing Partner of RJG Venture Capital. She began her venture capital and startup career as a Sr. Process Control Engineer at Confluence Solar, a Hazelwood, MO, startup acquired by GT Advanced Technologies in 2011. She later went to work as an EIR at Nidus Partners, a for profit accelerator/incubator, where she held multiple positions at the different companies that were part of Nidus. I 2012, she co-founded iNovotec Animal Care, a startup that developed tools to help farmers monitor their animals to indicate whenever there was deterioration in their health status due to feed quality, disease and environmental impact. After that she became a Venture Partner at a St. Louis-based syndicate VC firm where she was responsible for their Ag, Energy and Healthcare areas of focus. Bia holds a PhD in Energy, Environmental and Chemical Engineering from Washington University in St. Louis as well as a certificate from Singularity University in Exponential Technologies for Executives.

Frequently Asked Questions

What makes RJG VC different?

RJG’s inception was based on the foundation that a mere 3% of all invested dollars went to female-only founded companies in the last decade. Female entrepreneurs & CEOs are subject to investment inequities, racial and gender bias in the investment community and that solving these racial, ethnic & gender inequities that underrepresented founders & CEOs face will take a village. We support pioneers of this underserved and undervalued class of entrepreneurs, by accessing proprietary scientific research and testing, giving us early insights and outsized long-term performance. These pioneers hold a trove of wealth waiting to be tapped with socio-economic impact and great financial return potential.

What is the non-financial value of the fund?

Members of the group are one phone call away from anyone important to a young company. The network effect of the Band is both vast and indescribable. Many deals that present but that do not succeed in raising funds from the fund nevertheless are able to garner important business development opportunities, referrals for excellent employees, and valuable advisors or board members. Additionally, companies that get to the Selected Companies Process will have been put through a diligence and review process that includes several hours of speech and presentation coaching and feedback from experienced venture investors with the net result being valuable contribution from a professional practice that is of meaningful and tangible value to a young startup.

Does the fund syndicate?

RJG will regularly syndicate with other small VCs and angel groups. In certain cases, it will be a participant in these co-investments and in others, it will lead such financings.

How long does it take to receive investment?

Occasionally, a syndicated deal will have another lead and a tight timeline. However, if the fund is looked to as the “lead” on a financing, you should anticipate that it would take between 2-3 months for a deal to close.

Due Diligence?

Careful, expert diligence is a key determining factor in successful venture investing. Our Due Diligence process is strong, and we can spend up to 120 hours conducting due diligence on each of our portfolio companies.

Deal Terms?

Every deal is unique and a simple answer on term expectations is not possible. The guiding principle on terms is that incentives of everyone be aligned. If a Venture Fund makes 10 investments and 9 of them fail and one gets a 10x, the Fund has just broken even. Entrepreneurs must be motivated to make a hefty return for their investors. Likewise, the investors must ensure that entrepreneurs are consistently and substantially rewarded for their ongoing contributions and the risks that they undertake. With this guiding philosophy, RJG negotiates in the best possible faith to get to terms that proportionally and appropriately incentivizes all parties.

Company Stage?

The fund likes high technology companies with strong teams, promising technology, big potential markets, solid barriers to entry, and tangible exit prospects. Since we like to be the first money into the deal we recognize that for seed stage companies being certain that a company is all of these things is impossible—that is what makes investing at this stage risky. However, the more a company is like this, the more likely it will succeed in raising money from us. Because we do invest very early, preferably the first money into the deal, valuation expectations are very low.

Board seat?

Companies should want to pitch to RJG as much to interest one of our members to join the board as to acquire seed capital. Most companies that receive funding from us will also receive at least one member as a board member.

Company location?

Our preference is to invest in companies located in the Midwest, Rocky Mountains, South US and LATAM so that we can remain active with our portfolio throughout the early stages of development. Furthermore, we believe it is important for young companies to be and stay close to their future customers and the value chain.

What should the Executive Summary cover?

Your materials need to offer us enough information to determine the strength of your team, market and technology. Beyond that we need to understand your business model and financial projections, as well as your capital requirements and the milestones you will reach with this investment. Your executive summary should also include specific information on your customers and competition. However, it must do all this in an incredibly concise way. Here is the fund’s Executive Summary template. Companies that can accurately convey themselves within a one-page narrative are much more likely to score well in the pre-screening process.

Do you sign NDAs?

Since we receive so many plans, our policy is not to sign NDAs (non-disclosure agreements) or confidentiality agreements. Our standard of practice is to pride ourselves to the highest respect and care of the confidentiality of all information received; aiming to treat you as we ourselves wish to be treated. However, you should not, under any circumstance, forward confidential or proprietary information to us.