# Richard J. Dumler

> Richard J. Dumler is a funding round investor at Activate Venture Partners backing Enterprise Software. See 2 investments, check sizes, portfolio. Updated…

- Type: Angel Investor
- Fund: [Activate Venture Partners](https://shizune.co/investors/profile/milestone-venture-partners)
- Location: New York, United States
- Total investments: 2
- Last investment: Mar 2010
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/richard-dumler-49764

Richard J. Dumler is a funding round investor at Activate Venture Partners in New York focused on Enterprise Software and Internet. Richard Dumler joined Milestone Venture Partners in January 2002 following 34 years in the venture capital industry. He is actively involved in all of Milestone’s investment decisions. He represented MVP on the boards of directors of Premise and CareGain until each company was profitably sold to Eclipsys Corp. (Nasdaq: ECLP) and Fiserv, Inc.(Nasdaq: FISV), respectively. He supervises Milestone’s investment in: Advanced Dx, eHealth Technologies, EnerTrac, dLife, Knovel (successfully sold to Elsevier, Inc. in December 2012), and Navtrak (successfully sold to Telogis, Inc. in July 2012). His prior investment experience is particularly helpful in sharing insights learned from other start-ups about key marketing, operational, financial and technology decisions.Prior to joining Milestone, Mr. Dumler served for 20 years as a general partner of the Lambda Funds, which were outside investor venture capital partnerships originally sponsored by the investment-banking firm Drexel Burnham Lambert. Although Lambda invested nationally in a wide range of businesses, Mr. Dumler focused primarily on early-stage technology companies. Lambda had a number of notable successes, such as the leveraged buyout and subsequent IPO of Sungard Data Systems; follow-on investments in Kronos (Nasdaq: KRON]; and the purchase of Environetics out of bankruptcy, which later resulted in a high-multiple sale to IDEXX Laboratories, Inc. (Nasdaq:IDXX).Before working with Lambda, Mr. Dumler was with Bessemer Venture Partners, which he joined as the third partner. While at Bessemer, Mr. Dumler made multiple successful technology-related investments including equity placements in Kronos, Syntrex, Micro Peripherals, and Compumotor, all of which went public or were profitably acquired. Kronos, which is now the nation’s leading provider of time and attendance software, possesses a market capitalization in excess of $1billion, and the distinction for producing more consecutive years of revenue growth and profitability than any other publicly traded software firm besides Microsoft. Mr. Dumler has been a Kronos director for 25 years.Mr. Dumler entered the venture capital business at the Allstate Insurance Company in 1968. At the time, Allstate was the largest provider of venture capital in America. Mr. Dumler made a number of successful investments in the areas of new media and technology. These investments included Actmedia, ADVO (NYSE: AD), Amdahl, Applicon, Baron Data Systems, and Four Phase Systems – each of which experienced a profitable IPO and/or were acquired at a significantly higher valuation.Mr. Dumler responded to the extraordinarily challenging economic environment of the 1970’s by developing capital efficient investment strategies. For example, he purchased for Allstate a 20% share in ADVO (at the time, a failed buyout of KKR) for $200,000 plus a $250,000 bank guarantee. He also bought approximately 12% of Actmedia, the pioneer of in-store supermarket advertising now owned by News Corp., for $500,000. Both companies are now billion dollar businesses. In 1978, Mr. Dumler was promoted to the newly formed Corporate Planning Department at Allstate’s then parent, Sears Roebuck.Mr. Dumler received a BA from Georgetown in 1964 and an MBA from the University of Michigan in 1968.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Enterprise Software | 2 | 100% |
| Internet | 1 | 50% |
| Software | 1 | 50% |
| Web Apps | 1 | 50% |
| Analytics | 1 | 50% |

7 industries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| eHealth Technologies™ | eHealth Technologies™ (formerly eHealth Global) is a healthcare digital services company focused on retrieving, digitizing, storing, securing, and providing access to patient medical records. eHealth Technologies™ utilizes a processes to retrieve, secure, store, transmit, and present patient data to healthcare providers. | $2.5M |  | Mar 01, 2010 |  |
| Knovel | Knovel is a web-based application integrating technical information with analytical and search tools to drive innovation and deliver answers engineers can trust.Knovel is specifically focused on the engineering community, offering an unmatched depth and breadth of validated engineering content aggregated from the most trusted sources.Knovel’s comprehensive collection of content, covering 25 subject areas, is continually updated as new titles are available to reflect the evolving needs of users. | $3M |  | Nov 11, 2002 |  |

2 of 2 investments shown.

## Co-investors
- [Stonehenge Capital](https://shizune.co/investors/profile/stonehenge-capital) — VC Fund, 2 deals together
- [Himalaya Capital Ventures](https://shizune.co/investors/profile/himalaya-capital-ventures) — VC Fund, 1 deal together
- [Silicon Alley Venture Partners](https://shizune.co/investors/profile/silicon-alley-venture-partners) — VC Fund, 1 deal together

## About Activate Venture Partners

VC Fund · New York, United States

Activate Venture Partners is early-stage venture capital for high-growth technology companies. Milestone has been successfully investing in software, data, and services companies for over a decade. Software, Internet, and Mobile services businesses that help their customers exploit data assets successfully are in our sweet spot. Milestone is alsoone of the leading venture firms focused on software and data investments in the Digital Health sector. We have backed 17 Digital Health companies, six of which have achieved successful exits, including Medidata's (Nasdaq:MDSO) IPO in 2009.

5 contacts available at Activate Venture Partners.

| Name | Title | Profile |
| --- | --- | --- |
| Avlyn Ashterman-Reece | Administrative Director | https://shizune.co/investors/profile/avlyn-ashterman-reece |
| Edwin A. Goodman | Investment Partner; Investment Partner | https://shizune.co/investors/profile/edwin-a-goodman |
| Glen R. Bressner | Co-founder and Managing Partner | https://shizune.co/investors/profile/glen-r-bressner |
| Luke Page | VP of Finance | https://shizune.co/investors/profile/luke-page |
| Richard J. Dumler | Managing Partner | https://shizune.co/investors/profile/richard-j-dumler |

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## FAQ

### What does Richard J. Dumler invest in?

Richard J. Dumler invests primarily in Enterprise Software, Internet and Software startups, most often at Funding Round stage. Most of the 2 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Richard J. Dumler last invest?

The most recent investment recorded for Richard J. Dumler closed in Mar 2010. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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