Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / RCJ Ventures Management, LLC

RCJ Ventures Management, LLC

Institutional venture firmHavertown, PAhc9.vcSEC venture capital fund adviserfundraising evidence

APPROACH When capital is abundant, true industry expertise is a valuable resource. At HC9, we work closely with our Limited Partners and other industry leaders to guide and build the companies that will shape the future of healthcare. We focus on Seed and Series A investments, as we recognize that outsized

venture manager, reported GAV $92M across 5 vehicles

Importance
18
moderate
Active deployment
64
high
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
18
moderate
Identity and regulatory footprint
Headquarters
Havertown, PAadviserinfo.sec.gov
Office address
86 WEST EAGLE RD, Havertown, PA, 19083adviserinfo.sec.gov
Business phone
6106595880adviserinfo.sec.gov
Website
http://www.hc9.vc
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
May 5, 2026
Private funds reported
5 (5 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$114Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business phone
6106595880adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, healthcare, medtech, edtech, logistics
Stages
seed, series a, series b, early
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
Other Health Care 100%
lead rate 0%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
5 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Hc9 Spv F-Ii LLCSPV or co-invest vehicle2024 adv first reportedEarly deployment$2.5M
Mar 20, 2024
12$0
of $4.0M
Oct 27, 2023
Hc9 Spv F-I, LLCSPV or co-invest vehicle2023 adv first reportedActive deployment$5.8M
Mar 20, 2024
28$0
of $5.8M
Dec 9, 2022
Hc9 Ventures I-R, L.P.Fund2023 adv first reportedActive deployment$5.8M
Mar 20, 2024
27unknownunknown
Hc9 Ventures I, L.P.Fund2022 form d first saleActive deployment$77.4M
Mar 20, 2024
114$83.2M
of $83.2M
Dec 5, 2022
HC9 Ventures II, L.P.FundunknownFundraisingunknownunknown$0
of $85.0M
Oct 1, 2025
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
2 current, 1 departed
Charles J Falcone
Managing Member · since Sep 1, 2021
Managing partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Richard Larry Lungen
Managing Member · since Sep 1, 2021
Managing partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
1 departed (kept with end dates)
Investments on record
1 edges, 1 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Optura, Inc.Series A · Series Aparticipantunknown$17.5MunknownMay 14, 2026Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
3 relationships from shared deals, counted for the whole firm
Salesforce Ventures 1 shared · one time · they led 1Matrix 1 shared · one timeEcho Health Ventures 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
7 dated events
  1. Sep 15, 2026
    RCJ Ventures Management, LLC: MICRO_VC -> INSTITUTIONAL_VC (venture manager, reported GAV $92M across 5 vehicles)
    Classification changedClassificationInferenceno URL
  2. Mar 20, 2024
    Hc9 Spv F-Ii LLC first reported on Form ADV by RCJ Ventures Management, LLC (Venture Capital Fund), GAV $2,550,000
    Fund first reported on Form ADVFundsFactHc9 Spv F-Ii LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Mar 20, 2024
    Jonathan Edward Gordon (Managing Member) no longer on Schedule A of RCJ Ventures Management, LLC
    Person leftPeopleInferenceJonathan Edward GordonSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Feb 14, 2023
    Hc9 Ventures I-R, L.P. first reported on Form ADV by RCJ Ventures Management, LLC (Venture Capital Fund), GAV $5,808,081
    Fund first reported on Form ADVFundsFactHc9 Ventures I-R, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  5. Feb 14, 2023
    Hc9 Spv F-I, LLC first reported on Form ADV by RCJ Ventures Management, LLC (Venture Capital Fund), GAV $5,825,000
    Fund first reported on Form ADVFundsFactHc9 Spv F-I, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. Mar 23, 2022
    RCJ Ventures Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  7. Mar 23, 2022
    Hc9 Ventures I, L.P. first reported on Form ADV by RCJ Ventures Management, LLC (Venture Capital Fund), GAV $38,257,576
    Fund first reported on Form ADVFundsFactHc9 Ventures I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
  1. Sep 15, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $92M across 5 vehicles
  2. Sep 12, 2026
    Micro VC (confirmed, 95%, cls-1)
    venture manager, reported GAV $14.2M across 4 vehicles
  3. Sep 12, 2026
    Micro VC (confirmed, 95%, cls-1)
    venture manager, reported GAV $14.2M across 3 vehicles
Evidence
38 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMay 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMay 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMay 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserMar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2022-03-23Mar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-05-05May 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-03-20Mar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveMay 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2022-03-23May 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Mar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone6106595880May 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone6106595880Mar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
DescriptionAPPROACH When capital is abundant, true industry expertise is a valuable resource. At HC9, we work closely with our Limited Partners and other industry leaders to guide and build the companies that will shape the future of healthcare. We focus on Seed and Series A investments, as we recognize that outsized
“meta description”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionAPPROACH When capital is abundant, true industry expertise is a valuable resource. At HC9, we work closely with our Limited Partners and other industry leaders to guide and build the companies that will shape the future of healthcare. We focus on Seed and Series A investments, as we recognize that outsized
“meta description”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersHavertown, PAMay 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersHavertown, PAMar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address86 WEST EAGLE RD, Havertown, PA, 19083May 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address86 WEST EAGLE RD, Havertown, PA, 19083Mar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formLimited Liability CompanyMay 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyMar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private funds reported5May 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported4Mar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$114MMay 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$91.6MMar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated sectorsai,enterprise_software,healthcare,medtech,edtech,logistics
“sector words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsai,enterprise_software,healthcare,medtech,edtech,logistics
“sector words on the home page”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseed,series_a,series_b,early
“stage words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseed,series_a,series_b,early
“stage words on the home page”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported5May 5, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported4Mar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Websitehttp://www.hc9.vcMar 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleHC9 Home - HC9 Ventures
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleHC9 Home - HC9 Ventures
“title tag”
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)