RPM Ventures has hired Adam Boyden as managing director. Boyden was co-founder and chief executive officer of portfolio company Openlane, an online wholesale automotive marketplace. He also worked as vice president of business development and marketing at Xfire, a social networking company focused on video gamers.
RPM Ventures, a seed and early-stage venture capital firm, today announced Adam Boyden has joined as Managing Director. A business leader for more than 25 years, Boyden is a five-time entrepreneur who has provided leadership for venture capital backed companies that have disrupted multi-billion dollar industries and generated more than $2 billion in exit value.
Boyden was the co-founder and CEO of RPM portfolio company Openlane, an online wholesale automotive marketplace, which was acquired by KAR Auction Services (NYSE: KAR). He went on to serve as VP of Business Development and Marketing at Xfire, an early social networking company focused on gamers, which was acquired by MTV Networks (NASDAQ: VIA). Boyden was President of Conduit, a cloud-based user engagement platform, early in its lifecycle and built it into the most successful Internet company in Israeli history.
During this period Boyden was a Venture Advisor for RPM, led RPM’s investment in Social Finance (SoFi), and ultimately joined SoFi’s team as Chief Operating Officer as the company began to scale.
“After working with Adam for more than a decade, we are thrilled to formally welcome him to the firm’s leadership team,” said Marc Weiser, Managing Director of RPM Ventures. “Adam’s keen strategic and market insights are invaluable and we look forward to deepening our efforts to help entrepreneurs change the world.”
“I have tremendous respect for RPM’s thoughtful investment strategy and active engagement with its portfolio companies,” commented Boyden. “I’m excited to join the firm and look forward both to working with our extraordinary portfolio companies and to making new investments.”
Prior to joining RPM, Boyden was an Entrepreneur in Residence at August Capital Management, a venture capital fund based in Silicon Valley. Boyden earned an MBA from the Stanford Graduate School of Business, and a BSc in Engineering from the University of Exeter.
About RPM Ventures
RPM Ventures, founded in 2000, is a seed and early stage venture firm. RPM’s investments and deep partnerships with entrepreneurs reflect the team’s roots in the innovative culture of Silicon Valley and the work ethic and core values of the Midwest. The firm focuses on investing in B2B SaaS, Cloud and Social Media Infrastructure, Online Marketplaces, and specializes in Automotive IT; which includes Connected Car, Mobility, and Transportation. RPM’s investments are centralized in Silicon Valley, New York and the Great Lakes region. Learn more at rpmvc.com and follow RPM Ventures on Twitter @RPMVC