B. Riley Financial, Inc. is a diversified financial services company founded in 1997 and headquartered in Los Angeles. The firm provides tailored solutions across investment banking, advisory, wealth management, real estate, retail services and principal investing. Operating under a platform of specialized subsidiaries and affiliates, B. Riley Financial serves middle-market and small-cap clients, offering capital raising, restructuring, valuation, property sales and liquidation support. Listed on NASDAQ since 2015 under the ticker RILY, the company combines in-house expertise with acquired businesses to deliver integrated services throughout a company’s lifecycle.
Through its venture capital arm, B. Riley Venture Capital, the firm targets late-stage private companies with annual revenues between $20 million and $200 million. Rather than a traditional fund structure, investments are made directly from the firm’s balance sheet and syndication occurs on a deal-by-deal basis via special purpose vehicles. Investment sizes typically range from $1 million to $10 million, accompanied by an upfront fee and no ongoing management or carried interest fees. With a goal of 2x to 3x returns over two to three years, the division has deployed nearly $95 million across more than 15 transactions since its launch in 2020.
While industry-agnostic in approach, B. Riley Venture Capital has demonstrated interest in energy technologies and sustainable solutions. In 2020, an affiliate sponsored a special purpose acquisition company that completed a business combination with Eos Energy Storage, a manufacturer of zinc battery storage systems. The firm’s advisory team also works with energy services providers, reflecting its ability to evaluate and support companies advancing battery technology and clean energy.
