RevTech RoundUp: April 2023
RevTech RoundUp with David Matthews, Managing Director of RevTech Ventures: Tune in for recent highlights in venture, in retail tech, and in our portfolio of retail tech investments.
This month's top theme in venture:
Why Startups May Soon Be Buying More Startups
If you’re a startup, it’s likely your exit won’t be an IPO or a sale to a big-name acquirer. Instead, there’s a good chance you or your assets will end up in the hands of another startup. So far in 2023, at least 99 U.S. startups have been acquired by other startups. Read more: https://news.crunchbase.com/startups/...
A few portfolio highlights:
1. Cart.com was named a “2023 A-List Award” finalist! The A-List Awards are hosted by the Greater Austin Chamber of Commerce and South by Southwest.
[Cart.com is the first end-to-end ecommerce software and service provider built to help Brands find more customers, sell in more places, and deliver their products more easily.]
2. Crave Retail was demo’d live in a Fox29 news feature in a new Under Armour concept store.
[Crave Retail is a powerful fitting room technology for apparel retailers.]
3. Michelle Bacharach, CEO of FindMine, was recently named an Inc. Magazine “Top 200 Female Founder.” Way to go, Michelle!
[FindMine leverages AI to complete the look for apparel and other verticals.]
4. Neighborhood Goods was recently featured in Forbes with an article titled “What a Retail Showroom Can Do for Rising Brands.”
[Neighborhood Goods is a new type of department store, featuring an ever-changing landscape of the world's most thoughtful, progressive, and exciting brands.]
5. Recurate powered Peak Design’s Earth Day campaign last month. The Earth Day promotion increased Peak Design’s resale sales by 5x that day, but also increased new sales by 11%!
[Recurate is a tech-enabled resale service that empowers brands & retailers to establish their own integrated resale platforms directly on their e-commerce sites.]
6. The Citizenry has delved deeper into the furniture category with its New Portraits Collection.
[The Citizenry is a socially conscious home decor brand bringing the world’s best craftsmanship to the modern home.]
7. Topl was featured in an INSIDER article about startups that are leveraging blockchain for climate action.
[Topl is an interoperable blockchain protocol designed to enable a new, more inclusive, connected, and sustainable economy through innovative web3 technology.]
Lots of great activity!
