RevTech Venture’s new alliance gives retailers ongoing accessto experienced retail and technology executives
DALLAS – Jan. 9, 2019 – RevTech Ventures, a venture capital fund that focuses on the intersection of retail and technology, today announced the RevTech Growth & Innovation Alliance, a new subscription service that helps retailers accelerate the adoption of innovation programs, while reducing the cost.
The Growth & Innovation Alliance is a natural outgrowth of RevTech Venture’s ongoing research into the ideas and innovations that are driving retail transformation. The service customizes these research results to provide in-depth analysis, strategy recommendations, and appropriate technologies that are most important to each retail subscriber’s innovation strategy. RevTech Ventures’ research is based upon a unique, global investment database created from a combination of recognized industry sources and RevTech’s own research on retail trends, innovation and investment.
The Growth & Innovation Alliance is led by RevTech’s Executives in Residence, a group of ex-retail executives who have decades of experience across multiple retail segments, with expertise in strategy and innovation, consumer products development, marketing and loyalty, product sourcing and supply chain, information technology, data science/artificial intelligence, analytics and robotics. The Executives in Residence work closely with retailers to understand their specific business strategies and innovation imperatives, then use this understanding to create the actionable research that can help drive successful initiatives.
By working with the Growth & Innovation Alliance, retail executives can avoid the cost of creating an internal innovation function, or use the Growth & Innovation Alliance to enhance and expand the value of their own internal efforts. Retail executives can also use the Growth & Innovation Alliance to perform technology scouting and sourcing, working with the Alliance to identify the specific technology solution providers who can best execute on new capabilities that the retailers wish to deploy.
“The retailers that are succeeding today are those that are most intently focused on innovation, and the Growth & Innovation Alliance can help retailers innovate more quickly and effectively, with the expert guidance of RevTech’s Executives in Residence,” said David Matthews, Managing Director, RevTech Ventures. “It’s a unique model that is designed to provide extraordinary value to participating retailers.”
For more information about RevTech’s Growth & Innovation Alliance, contact Jonathan Fine at jonathan@revtechventures.com.
About RevTech Ventures
RevTech Ventures is a venture capital fund with a focus of early-stage investments at the intersection of retail and technology. We make dozens of small, initial investments, with larger follow-on investments in those companies that demonstrate rapid growth and sustainable advantage. We provide year-round content and support led by our management team and our large pool of world-class mentors. Twice annually, we invite selected companies to Dallas for an intensive, one-week program for graduates of top-tier accelerator programs.
Media Contact:
Jeff Ketner
Ketner Group Communications (for RevTech Ventures)
(512) 794-8876