
Riverside expands acceleration capital team
The Riverside Company has expanded its Riverside Acceleration Capital (RAC) team, hiring Christian Stein as a partner and Michael Aring as an associate in its Cologne-based team.
Both Stein and Aring will be responsible for deal sourcing, executing transactions and working with the GP's portfolio companies, according to a statement. The RAC strategy provides growth capital for expansion-stage B2B software and technology companies.
Stein and Aring both join Riverside from Coparion. Stein has previously held roles at Creathor Venture and at the Boston Consulting Group, while Aring has experience in venture capital and as a founder of a travel-focused startup.
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