Adrenaline rushed through the veins of Utah’s brightest entrepreneurs, this past Saturday, as they set up their trade show booths for the RevRoad Entrepreneur Competition, sponsored by Central Bank of Utah.
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This week RevRoad welcomed three new companies into its portfolio: The Simple Associate, Hypercraft, and Localeyes. RevRoad’s application process is intentionally extensive in order to match ourselves with companies that we can help successfully grow. While paying close attention to various KPI’s and projections, RevRoad also takes immense care when interviewing and getting to know the leadership teams of each company. After-all, great leaders build great companies. So, let’s dive in with an insider look at the newest RevRoad portfolio companies.
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Bonham is the CEO and Co-founder of Walker Edison, which is on track to earn about $800M this year, and was recently voted Utah’s 2021 CEO of the year.
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On Wednesday, June 9, RevRoad hosted their 3rd Annual RevRoad Rally event! We invited local businesses, organizations, and entrepreneurs to give back and enjoy a night out as we welcomed the summer. RevRoad Rally is a free event designed for families, community members, and city partners to join RevRoad and entrepreneurs from around the valley. This year’s Rally was a brilliant success with over 3,000 attendees! Read on for some event highlights!
One of RevRoad’s main goals in hosting the Rally is to honor Utah’s community of people with special needs and help them create unforgettable memories. It’s a unique opportunity for all members of the community to feel included, get involved, and build relationships. At the event, we hosted a catered dinner for our special needs guests from Medallion Manor and Topham’s Tiny Tots Care Center. After the dinner, we took Polaroid photos of them, gave them T-Shirts and Swag Bags, and allowed them to see the cars before the rest of the community arrived. It was the highlight of our night!
This year, we had our biggest car show yet with about 200 cars at the Rally! We had rows of Camaros, Model A’s, limos, buses, and all kinds of custom and vintage cars. It was a great time for people to take photos and meet other car-lovers.
Chalk the Block: Families joined chalk artists as they created beautiful masterpieces in real-time.
Kid’s Car Wash: Our friends at Wiggy Wash were so kind to put together a fun and refreshing kids car wash. As the kids sat down in their “car” (tricycle) they pedaled through pool noodles and sprinklers for their car (and body) wash!
Train Ride: Children were lined up to go on a motor-operated kids train ride. Cars, helicopters, and trains– we had it all!
With a team of RevRoad staff members, our portfolio companies, and community volunteers, dinner was prepared for the first 2,000 guests that attended the Rally! They made fresh hotdogs and had a sack lunch of water, chips, and a cookie.
We ended our evening with a crowd favorite, the Helicopter Candy Drop. Ryan Bacher, from RaceReady, got into his Helicopter at 7:30 pm. As the Helicopter whirred around the park, you could find children running back and forth before the drop. Once the helicopter had reached a safe hovering height, they dumped thousands of pieces of candy. There was nothing but excitement as kids ran to collect their candy!
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If you missed the RevRoad Rally this year, we can’t wait to see you next year! You can also see video footage of the event on our Instagram.
OREM, Utah — Savology, a financial technology company providing accessible financial planning to American households, today announces the official launch of Savology Plus, a digital financial planning membership.
“We’re thrilled to have helped tens of thousands of American households build free financial plans since launching in late 2019,” said Spencer Barclay, Savology Founder and CEO. “Savology Plus builds on that success by adding robust premium capabilities that drive lasting financial change for our users.”
In addition to the popular financial planning capabilities available with Savology’s free plan, Savology Plus members can take advantage of the following premium features, starting at $8 per month:
“We asked our users what else they wanted to see in Savology, and we kept hearing the same answers over and over,” said Barclay. “Overwhelmingly, our users wanted access to financial experts, they wanted their financial data pulled into their plans automatically, and they wanted the ability to share their accounts with people in their support network. I’m excited for Savology Plus to deliver on these requests and more.”
For more information about Savology Plus, visit savology.com/plus.
About Savology:
Savology is a venture-backed startup on a mission to improve the financial well-being of millions of American households by making financial planning more accessible, actionable, and effective than ever before. In addition to their powerful consumer-facing financial planning platform, Savology enables employers to affordably provide employees with effective financial planning. Savology, based in the Silicon Slopes of Utah, was founded by serial entrepreneur Spencer Barclay in early 2019. To learn more, visit www.savology.com.
For media inquiries, please contact Jud Kennedy at 309503@email4pr.com or 801-647-7749.
SOURCE Savology
Studies have found that 70% of consumers in the U.S. stop doing business with companies due to poor customer onboarding and orientation experiences—not because of the company’s product, website design, or marketing strategies. With the amount of competition in our economy today, a single slip can send customers running in the direction of competitors. The solution? A smooth and consistent customer onboarding, or welcoming, process.
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We live in a digital world. Smartphones make every special moment easy to document—which is great until there’s a software glitch, a device crash, or technology advances make old files unreadable. So, how can we get these precious photos off of our phones and into our hands?Chari Pack, founder at Persnickety Prints, let her passion for photography lead her to opening a print shop. Persnickety Prints specializes in printing timeless photographic images. Their waterproof, ageless prints are meant to last a lifetime.
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Another RevRoad portfolio company defies the odds by successfully raising funds, launching a new product, and realizing 3X growth — amid the COVID pandemic.
Provo, UT— Utah-based motorsports tech company, RaceReady, has stayed innovative and found continued success amid an international pandemic and economic downturn.
RaceReady set out to raise 850K but raised more than anticipated and initially oversubscribed the raise at an impressive $920K. Excitingly, the raise continued to surpass expectations totaling at a final amount of $1.1M. RaceReady is expecting to onboard 33 new clients into their racing software system over the course of the next 6 months.
“We’ve had record breaking numbers at our race events. One RaceReady client has grown 38% from 633 average class sign ups to just over 876 (per race). RaceReady is oversubscribing the round to help with equipment purchasing needs and to service the onslaught of onboarding requests from promoters that start racing this winter.”
Greg Call, Founder of RaceReady
RaceReady is uniquely positioned to solve the data challenges of race promoters, racers, and sponsors in the motorsports industry.
“I’m so excited to see what this additional raise can do to accelerate the growth of the company. RaceReady saw their revenues evaporate as regional races were canceled in the beginning stages of the pandemic. They showed enough grit to convince the state to allow them to hold racing events during COVID gives me great confidence in what they are doing. In fact, the races were approved only because of RaceReady’s technology. Promoters were able to uphold social distancing standards because of the product RaceReady has created. The future is bright going forward.”
Ryan Bacher, RaceReady investor
Raising enough capital to bridge funding gaps, RaceReady has also found opportunities to accelerate completion on key features of its platform, utilize marketing and onboarding tools, and pivot the sales approach to focus on race promoters. RaceReady is already seeing impressive increases in revenues because of this, and anticipates a bright future.
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About RaceReady
Based in Utah, RaceReady is run by power couple Greg and Lisa Call. The two have been involved with their sons in motocross racing for decades. They saw the need to help the world of amateur off-road racing through technology. For promoters, events are difficult to administer and score. Riders wish they had lap times, fast results, and better methods to show off their results. Racing sponsors everywhere wish there were better ways to identify rising talent and metrics within the sport. RaceReady addresses all these problems with a cloud-based event management platform complete with integrated live timing, event management and no upfront cost for promoters. RaceReady is the only single platform where promoters, racers, and sponsors get all of their data needs met in the world of off-road motorsports. Learn more at iraceready.com.
There weren’t any accident insurance options for dirt bike racers…until now. Utah-based motorsport tech company, RaceReady, recently partnered with Spot Insurance to provide motocross racers with injury insurance exclusively on the RaceReady platform.
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Provo, UT—In the United States, it costs tens of thousands of dollars to defend a trademark opposition. For a company like Apple, with tens of billions of dollars in resources, attacking the trademarks of small businesses is no problem. Sadly, most small businesses can’t afford to defend themselves against this type of litigation, and, as a result, must change their logo and branding or close their doors. Either way, the bully wins.
Does the international software giant really spend time and resources hunting down and filing notices of opposition against small businesses? Unfortunately for the young, Utah-local cooking app, Prepear, the answer is yes. “It’s unfortunate that a world renown brand, such as Apple, would directly attack a young, female owned startup such as Prepear, just because they can,” says A.J. Rounds, CMO of RevRoad—a partner with Prepear, “In this difficult time, regarding the pandemic, the world is rooting extra hard for small business, while Apple seems anxious to squash them.
Prepear is a cooking app that helps users combine every part of their cooking life in one concise place. Prepear users can discover, organize, shop, and cook all within Prepear’s uniquely built features. Pretty straight forward right? Just a small business simplifying the lives of America’s home cooks. Yet, here comes Apple (yes, 2 trillion dollar Apple) claiming Prepear’s obviously pear shaped logo is too close to Apple’s trademark logo.
But does Apple really think Prepear’s logo could create confusion with their own? Here’s exactly what the megacorporation has to say:
In most cases, these company logos do not resemble Apple’s at all, nor are they in the same line of business. Yet, Apple has been going after dozens of small businesses, forcing them to pay for a very expensive legal defense, or abandon their trademarks (which also comes at substantial cost).
A 2019 release from the US Small Business Administration stated, “Small businesses are the lifeblood of the U.S. economy: they create two-thirds of net new jobs and drive U.S. innovation and competitiveness. A new report shows that they account for 44 percent of U.S. economic activity.” This information highlights the importance of small businesses for the U.S. economy.
Prepear has already spent thousands of dollars and been forced to lay off a team member due to this expensive battle with Apple. So why fight it?
“I feel a moral obligation to take a stand against Apple’s aggressive legal action against small businesses and fight for the right to keep our logo. We are defending ourselves against Apple not only to keep our logo, but to send a message to big tech companies that bullying small businesses has consequences.”
Natalie Monson, CEO at Prepear
Prepear has since generated over 260,000 signatures on their petition to Save the Pear from Apple.
Join their fight for small businesses by signing the petition and sharing their story.
###For media inquiries, interviews or additional information, please contact Communications Specialist Bri Ray at bri.ray@revroad.com or by calling 888-920-7623
