Rich Lunak
Managing Director at Riverfront Ventures
Wexford, Pennsylvania
Overview
Work Experience
Board Member
2022 - Current
PrimeRx, by Micro Merchant Systems (MMS), has been on the leading edge of pharmacy software solution for over three decades to build healthier communities nationwide. MMS discovers new technologies and novel solutions to support pharmacies, from single stores to larger chains. MMS understands the importance of pharmacies and the journey they are on every day to provide their communities with the best possible care. The company’s configurable, forward-facing approach knows no bounds. It helps customers and their patients today and leads them to a prosperous, healthy tomorrow.
Member Board of Directors
2021
The National Association of Corporate Directors, Three Rivers Chapter, is a non-profit trade association focused on promoting best practices in corporate governance in the Pittsburgh region.
Member Board of Directors
2020
Member of the Board of Directors of Kaarta, a leading provider of mobile 3D scanning systems that transform real-world spaces into digital twins.
Founder & Managing Director
2013
Founder of Riverfront Ventures, a early-stage venture capital investment fund located in Pittsburgh, PA. One of three managing partners responsible for fundraising, selecting investments and overseeing portfolio company performance. Successfully secured initial anchor investments and launched the fund in the 2013.
Member of the Board
2017
American Textile Company is a leading provider of innovative sleep, fabric and textile solutions sold under the Aller-Ease®, RestRight™ and store brand labels. American Textile Company is headquartered in Duquesne, PA and has operations in Georgia, Texas and Utah.
American Textile Company is a textiles company that offers pillow protectors.
Member Board of Directors
2001
Member of the Board of Directors for the Pittsburgh Technology Council (PTC), one of the largest regional IT trade associations in the nation. As the voice of the region’s tech industry, the PTC helps technology companies succeed through business development, talent retention, government relations and visibility services.
The Pittsburgh Technology Council can help your tech company succeed through a proven platform of Business Development.
Member of the Board
2017 - 2023
Trellis Rx is a specialty pharmacy services company that empowers hospitals and health systems to provide a robust, hospital-owned specialty pharmacy service that improves patient outcomes, enhances care coordination, and reduces costs, all while minimizing the hospital's operational risks and upfront capital commitment.
CPS is a pharmacy and hospital solutions provider that helps transform operations and support patient care.
President and CEO
2005 - 2022
Chief Executive for Innovation Works, one of the nation's most active seed-stage investors. Responsible for all investment, accelerator and business assistance programs for technology start-ups and entrepreneurs.
Innovation Works invests capital, business expertise and resources into companies with the greatest likelihood of regional economic impact.
Raised $19,678,479.00.
Member Board of Directors
2006 - 2022
The Pittsburgh Venture Capital Association was founded in 1982 to catalyze venture investment and entrepreneurialism in Western Pennsylvania. Since then it has become the leading voice of private equity investors in the Pittsburgh region.
Board Member
2018 - 2021
Member of the Board of Directors for Othot, a leader in artificial intelligence and prescriptive analytics solutions for higher education institutions across the United States. Othot helps schools focus on enrollment, retention, student success, and alumni engagement goals. Othot’s cloud-based software provides insights in real-time and empowers schools to engage prospective, current, and former students with the right tactic at the right time.. Acquired by Liason International in April 2021.
Othot is an advanced analytics solution for higher education institutions.
Raised $6,571,929.00 from Leading Edge Ventures, Activate Venture Partners and Riverfront Ventures.