Stephanie McCoy: Leading Rally Ventures' Financial Growth

People | Dec 01, 2024 | Rally Ventures Management LLC

Stephanie McCoy, a key figure at Rally Ventures Management LLC, has been recognized as a notable CFO for 2024. Since joining the Minneapolis-based venture capital firm, she has played a critical role in expanding its assets under management to over $1 billion, solidifying the firm's status as one of the most significant investors in Minnesota's startup ecosystem. Rally Ventures has deployed more than $120 million into 18 local startups, contributing to the creation of over 2,500 jobs and generating over $5 billion in enterprise value. In a strategic move, Rally Ventures has recently introduced its fifth fund, Rally Ventures Fund V, with a capital commitment of $240 million, focusing on early-stage investments. Demonstrating a commitment to institutional enhancement, McCoy has also introduced a new equity management tool and a 401(k) plan for the company's employees.

Sectors

Venture Capital
Financial Services

Geography

United States – Rally Ventures is based in Minneapolis, Minnesota, actively investing in local startups, impacting the region's economic landscape.
Minnesota – The article emphasizes Rally Ventures' investment efforts within Minnesota, where it has invested in 18 startups and fostered job growth.

Industry

Venture Capital – Rally Ventures operates within the venture capital industry, funding early-stage startups and contributing to job creation and enterprise value growth.
Financial Services – Stephanie McCoy's role as CFO involves managing over $1 billion in assets, highlighting the financial services aspect of Rally Ventures' operations.

Financials

$120 million – The total invested by Rally Ventures into 18 local startups.
$5 billion – The enterprise value created by the startups Rally Ventures has invested in.
$240 million – The capital of Rally Ventures' new early-stage venture capital fund, Rally Ventures Fund V.
1 billion – The assets under management by Rally Ventures.

Participants

Name	Role	Type	Description
Stephanie McCoy	Chief Financial Officer	Person	A key figure at Rally Ventures, recognized for expanding the firm's financial reach and implementing internal financial improvements.
Rally Ventures Management LLC	Venture Capital Firm	Company	A venture capital firm based in Minneapolis, managing over $1 billion in assets and investing in local startups.