Provo, Utah, Sept. 21, 2023—RevRoad, a sweat-equity partner for startups, proudly announces its recognition as one of the top 30 Fastest-Growing companies in Utah Valley at the UV50 Awards hosted by Utah Valley BusinessQ. This annual event distinguishes businesses for their exceptional growth and remarkable achievements in the region. RevRoad secured 14th place, showcasing a remarkable 3-year growth rate of 1,019%, as calculated using the Inc. 5000 equation: [(Recent year revenue – 2022) – (base year revenue – 2019) / (base year revenue – 2019)] x 100 = total growth percentage.
Founded in 2017 by a group of visionary entrepreneurs including Derrin Hill, Amy Caldwell, Bruce Hassler, A.J. Rounds, Jason Caldwell, and Bart Skalla, RevRoad has emerged as a force to be reckoned with in the startup ecosystem. With a mission to redefine startup support, the company has been instrumental in ensuring that entrepreneurs receive the full spectrum of resources, far beyond just financial backing.
In just a few short years, RevRoad has built a diverse portfolio of 76 companies, collectively valued at over $1.7 billion. In an industry where the odds are often stacked against entrepreneurs, RevRoad has managed to reverse the narrative, enabling a portfolio success rate of 68%.
A.J. Rounds, co-founder and CMO of RevRoad, expressed his enthusiasm for the company’s growth and mission, stating, “Our overhead goal is to be the number one venture capital/venture services portfolio in the world. We firmly believe that with the right support and resources, any entrepreneur can achieve their dreams.”
Offering advice to aspiring entrepreneurs, Rounds added, “Recognize that success requires a significant investment of time. You have to be willing to make this a priority in your life, professionally and personally, and do what it takes to make it happen.”
RevRoad’s extraordinary growth and unwavering commitment to nurturing entrepreneurial success have solidified its position as a guiding force in Utah Valley’s business community. As the company remains dedicated to empowering startups and facilitating innovation, its primary goal is to help more entrepreneurs build sustainable businesses that address real-world challenges.
RevRoad is a sweat-equity partner for scaling companies, dedicated to achieving the full value of startups. The company empowers portfolio companies to maximize profitability, get to market faster, and create a solid foundation for their venture. RevRoad team members work shoulder-to-shoulder with portfolio companies, enabling businesses to scale efficiently while keeping founders in the driver’s seat. Visit revroad.com to learn more and apply to become the next portfolio company.