RevTech, a Dallas-based venture accelerator, has secured a $10 million funding round, its largest fund to date. With the funding, RevTech plans to invest in more than 25 retail technology and e-Commerce startups.
The start-up accelerator offers its portfolio companies access to a mentor network that includes retail executives, entrepreneurs and investors. The company will leverage this network for year-round mentor-led content, strategic coaching and connections, providing startups with resources.
“The timing for a larger fund is right, because RevTech is beginning to see exits from prior funds, and many of our current investments are growing rapidly,” said David Matthews, Managing Director of RevTech in a statement. This new fund allows us to maintain our ownership in these high-growth companies by investing in subsequent rounds, while also making new investments.”
RevTech made the announcement at Shoptalk 2018.