FOR IMMEDIATE RELEASE
Florida, April 25, 2023 – RevRoad, a venture services firm out of Provo, Utah that provides startup and scaling companies with skilled professionals and essential services, today announced its expansion to Florida with Tony Allen as President. This move marks the company’s first foray into the Sunshine State and underscores its commitment to supporting entrepreneurial growth across the country.
With RevRoad’s expansion to Florida, the company is looking to tap into the state’s thriving startup ecosystem—particularly in, but not limited to, the space and aerospace industries. According to a recent report, Florida is home to more than 2,000 aerospace and aviation companies, making it an ideal location for RevRoad to support innovative startups in the field.
Derrin Hill, CEO of RevRoad, said of the expansion, “We’re thrilled to bring our venture services model to Florida. As a state with a rich history of entrepreneurship and innovation, we see tremendous potential for startups here. Our team is passionate about helping entrepreneurs grow and succeed, and we’re not just providing services—we’re building relationships with our portfolio companies and helping them navigate the ups and downs of growing a business. We couldn’t have asked for a better leader than Tony Allen to help drive the growth of RevRoad and its portfolio companies in this region.”
Tony Allen, President of RevRoad’s location in Florida, brings a wealth of experience in event marketing and entrepreneurial coaching to the role. He said, “I’m honored to be joining RevRoad and helping to expand their services to Florida. I’ve worked with startups and entrepreneurs for over a decade, and I know firsthand how challenging it can be to build a successful business. With RevRoad’s support, Florida-based startups will have the resources they need to overcome those challenges and achieve their goals.”
At RevRoad’s inception in 2017, the company identified a three-part internal growth plan including: nailing the business model in Provo, Utah; raising a $50M fund with its funding branch, RevRoad capital; and expanding RevRoad to other locations across the country. This expansion marks the initiation of the third step and is a testament to the company’s commitment to helping startups grow while supporting local economies. With RevRoad’s venture services model now available in Florida, startups across the state can benefit from the company’s expertise and support. With Tony Allen at the helm, the company is poised to help build a more vibrant and successful entrepreneurial ecosystem in Florida.
For more information about RevRoad’s expansion to Florida, please visit revroad.com.
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RevRoad is a venture services firm that focuses on helping entrepreneurs succeed. The company empowers portfolio companies to maximize profitability, get to market faster, and create a solid foundation for their venture by packing their team with experts for up to 24 months. RevRoad team members work shoulder-to-shoulder with founders of developing companies to provide everything they need to scale their businesses faster. Visit revroad.com to learn more and apply for the accelerator program.