RINCON VENTURE MANAGEMENT, LP

Thesis

Rincon Venture Management, LP, operates as an Exempt Reporting Adviser managing private fund assets, with its total AUM not publicly disclosed. Historically, Rincon Venture Partners, founded in 2005 and based in Santa Barbara, CA, focused on early-stage US technology companies, particularly in enterprise SaaS, fintech, digital health, and online marketplaces, emphasizing capital efficiency and network effects. They often led rounds with typical deal sizes of $5-10 million. In 2018, Rincon Venture Partners merged with Double M Partners to form Bonfire Ventures, which now handles new investments. Rincon Partners, founded in 2014, is a real estate firm focused on value-add and core-plus multifamily properties in the Southwestern and Southeastern US, targeting properties needing renovation in strong locations. Rincon Partners has acquired 26 multifamily properties totaling $638.7 million since inception. Rincon Venture Partners III, a venture capital fund established in 2015, made 20 investments with an average round size of $6 million. The firm is registered as an Exempt Reporting Adviser (ERA). The venture arm is now inactive as a standalone entity, having merged to form Bonfire Ventures. Rincon Ventures, Inc. operates as a Real Estate and Property Management Company headquartered in Tucson, Arizona. Rincon Property Management is based in Ventura, CA.