RevRoad Partners with Kiln to Open Doors of Provo Coworking Location This Fall

RevRoad partners with Kiln

PROVO, Utah, Oct. 5, 2023— RevRoad, a sweat-equity firm for startup companies, is proud to partner with Kiln to host entrepreneurs in a coworking space at their new location at River’s Edge on University development in Provo, UT. The new flex-office opened its doors to membership holders on September 18, 2023, allowing the RevRoad team, RevRoad portfolio companies, and other local startups to claim their new office space. To mark the beginning of this new partnership, RevRoad and Kiln will host a panel discussion on Friday, October 20th, from 3:30 to 4:30 PM, featuring Arian Lewis, CEO & Co-Founder of Kiln, alongside Derrin Hill, CEO & Co-Founder of RevRoad. They will share their insights about entrepreneurship, partnerships, and growing into new markets.

In partnership with Brighton Development, Kiln’s 40,000 square-foot, handcrafted facility provides an amenity-rich, all-inclusive workspace experience for creatives, startups, and enterprise teams. This co-working space is set to become a center of gravity for Provo’s vibrant entrepreneurial community. This beloved corner of Provo, following years of demolition and reconstruction, is now a revitalized hub for visionary entrepreneurs and small businesses.

“I have always loved Provo, not only because I was raised here, but also because it has been home to so many impressive founders and companies,” says Arian Lewis, CEO of Kiln. “We couldn’t be more excited to introduce the Kiln community to all the good that this ecosystem already has to offer. We were very impressed with Brighton Development’s vision and creative plan for River’s Edge. What we are building together in Provo will be world-class, showcasing the future of flexible and experiential workspace.”

Provo continues to thrive with a near-uninterrupted title of America’s “top-performing city” in annual economic rankings by the Milken Institute. Its active population, strong talent pipeline, and dynamic entrepreneurial scene draws hugely successful companies like Vivint and Qualtrics, while nearby Brigham Young University and Utah Valley University both feature impressive entrepreneurial centers and mentorship programs. 

“The days of Plumtree Plaza lying dormant as an eyesore to our community are over with the transformative development well-underway at River’s Edge on University,” says Provo Mayor Michelle Kaufusi. “Creating economic vibrancy requires the right timing and team. With both now in place, our promise to reinvent spaces for new generations to enjoy is underway. Kiln is an ideal example, with their innovative work concept not only expanding job opportunities, but re-envisioning the entire industry.” 

The standalone facility is conveniently located just ten minutes from I-15, centered between the major thoroughfares of State Street and University Blvd. The 28-acre mixed-use development features popular restaurants and shops, as well as premium apartment units (The Lofts at River’s Edge) and townhouse style condos (The Towns at River’s Edge). As the anchor tenant of River’s Edge development, Kiln’s flexible office and coworking community will provide a full-scale list of amenities for individuals and teams of 1–100. Kiln offers club memberships for individuals, private offices for small teams, and enterprise suites for large teams.

RevRoad CEO Derrin Hill said about the partnership, “Our mission at RevRoad has always been to empower startups and entrepreneurs, working shoulder-to-shoulder with them on their journey to success. Kiln shares this commitment and demonstrates that by creating a vibrant ecosystem of collaborative workspaces and community engagement. It’s the perfect marriage of our shared values and vision, where innovation thrives and entrepreneurs flourish. Together, we are redefining what it means to support and nurture the entrepreneurial spirit, and we couldn’t be more excited about the incredible possibilities that lie ahead.”

Many hands have been involved in helping this project come to life, including The City of Provo, Nate Pugsley of Brighton Development, Eric and Brycen Woodley of Woodley Real Estate, Lance Pendleton of Mountain West Commercial, and Dan Teed and Taylor Carpenter of Mint. 

Kiln and RevRoad intend to host a myriad of events that bring the community of entrepreneurs together, many of which will be open to the general public. Learn more at kiln.com and revroad.com/events.

Kiln Provo address: 2250 N University Pkwy, Provo, UT 84604.

For press inquiries contact kyle@kiln.com and brittany.ouimette@revroad.com

About Kiln 

Kiln is currently home to more than 4,000 members and 1,200 businesses across 12 locations in Utah, Colorado, California, Idaho, and Oregon. Founded in 2018, Kiln is expanding across the Mountain West and West Coast, with several additional locations under development in varying stages. A full list of locations can be found here. Kiln’s founding team, composed of co-founder/CEO Arian Lewis and co-founder/creative director Leigh Radford, has been at the forefront of design, operations, and innovation within the flex-office and coworking industries for the better part of two decades. Lewis and Radford have collaborated on the launch of prior coworking brands, with international locations spanning London, New York, Tel Aviv, Cape Town, Mumbai, and Lithuania. Learn more at kiln.com.

About RevRoad

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.

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Damon Deru Joins Orkid Solutions, Inc. as Chief Product Officer, Spearheading Innovation for Small Business Success

Damon Deru, CPO of Orkid

PROVO, Aug. 30, 2023—Damon Deru, seasoned entrepreneur and business mentor, was recently appointed as Chief Product Officer (CPO) to Orkid Solutions, Inc., an HR services aggregator designed for small businesses. In this strategic role, Damon will play a crucial part in ensuring that Orkid’s suite of services continually meet the evolving needs of small business owners.

Regarding the hire, Justin Atkinson of the Orkid Board of Directors stated, “As we continue to look for ways to serve the small business community, Damon was the perfect fit to ensure that our services will focus on helping small businesses scale their employee and administrative offerings. Having built small businesses himself, Damon understands the unique struggles that small business owners face, and plans to focus his efforts on uniting technology and white glove service in a way that will help small business owners thrive.”

Deru began his career as a trader and Registered Investment Advisor at a prominent wealth management firm based in Salt Lake City, UT. In this role, Deru recognized the prominent need for advanced trading software tailored to the intricate demands of wealth management, which sparked his transition to technology entrepreneurship, founding his first tech venture, TradeWarrior.

Established in 2010, TradeWarrior quickly gained loyalty and recognition from wealth management firms nationwide for its innovative trading software. This remarkable trajectory led to a merger in 2017 with Chicago-based fintech startup, Oranj, that was eventually acquired by global financial technology company SEI. Following this successful venture, Deru’s started AdvisorPeak with a focus on building advisor  technology that anticipates and streamlines an advisor’s trading operations. In 2021, AdvisorPeak was acquired by Addepar, a leading wealthtech firm managing over $4 trillion in assets on its platform.

Deru then stepped into a new role as product advisor and co-founder of ControlQore designing project management and payment software for general contractors. Deru later co-founded and served on the advisory board of BroodStack, a company that offers outsourced software development services with offices in Utah, South Dakota, and Trivandrum, India. Following his time at BroodStack, Deru brought his skills to the nonprofit sector as a board member for EnLevo, aiding in technology and fundraising efforts in support of their mission to build more sustainable lives for Guatemalans in remote villages.

“I’m eager to join Orkid Solutions and contribute to the growth and success of small businesses,” Deru shared. “Orkid’s dedication to empowering small business owners resonates deeply with me, and I’m eager to merge my experience and insights with their forward-looking approach. By combining technology and unparalleled service, we’ll forge new paths for small business success and longevity.”

Deru’s appointment as Chief Product Officer marks a significant milestone in establishing Orkid’s organizational structure and service foundation. 

About Orkid Solutions

Orkid Solutions, Inc. focuses on relieving small business owners of daily burdens by identifying blind spots and filling operational gaps. Following a comprehensive analysis, Orkid strategically connects business owners with its network of top-vetted partners, eliminating guesswork and equipping executives with the tools to efficiently scale their operations and adapt to ever-changing needs. Visit orkid.com to learn more.

RevRoad Appoints Jenney Rees as Chief Operating Officer

RevRoad COO Jenney Rees

Jenney Rees joins RevRoad as COO and newest executive team hire, elevating organizational operations.

PROVO, Utah, Aug. 29, 2023—RevRoad, a sweat-equity firm for startup companies, proudly welcomes Jenney Rees as Chief Operating Officer (COO). With a proven track record of distinguished accomplishments in both the public and private sectors, Rees brings a unique blend of leadership expertise to her role and is poised to drive the company towards a future of innovation, collaboration, and growth.

“On behalf of the board and the entire RevRoad team, it is my pleasure to welcome Jenney Rees as the newest member of our executive team,” said Derrin Hill, CEO of RevRoad. “Jenney’s track record of remarkable achievements and her dedication to fostering positive change align seamlessly with RevRoad’s mission and values. Jenney’s expertise will undoubtedly bring a fresh perspective to our operational strategies, amplifying our efforts to drive growth and success for startups.”

Formerly serving as an Executive Director in the Governor’s cabinet at the State of Utah, Rees led a state agency with over 1,300 employees across nine divisions and oversaw a budget of $1 billion. As a staunch advocate for transformational governance, Rees championed policies, programs, and budgets that have contributed to greater collaboration across multiple divisions and improvement of service delivery. Her pivotal role in consolidating diverse state agencies into a streamlined department showcased her ability to optimize resources and enhance operational efficiency. Rees also served as both a member of the city council and mayor of Cedar Hills, Utah, and in 2020 was recognized by Best of State for her role as mayor.

In the private sector, Rees excelled as a dynamic leader, helping create tremendous growth in startup technology companies. At MediConnect Global, her ability to develop and implement efficient processes helped expand their medical coding division. With her leadership, this division quickly became the largest revenue generator for the organization, contributing to the eventual acquisition of the company for $348 million in 2012. In 2022, Rees was recognized by Utah Business Magazine as part of its 30 Women to Watch series. More recently, Rees has been serving as COO of Orkid, a small-business solutions startup and RevRoad portfolio company that will launch later this year. Rees will continue to support Orkid through its initial launch.

“I am thrilled to return to the private sector through RevRoad, returning to my roots in Utah’s tech startup scene,” said Rees. “The company’s commitment to helping startups thrive resonates deeply with me, and I am excited to contribute to RevRoad’s vision of fostering startup success and its overarching mission of creating a lasting positive impact.”

The appointment of Rees as COO marks a pivotal milestone in RevRoad’s growth, as well as its ability to provide industry-leading solutions for startup ventures.

About RevRoad

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.

Honoring Community Heroes at RevRoad Rally OremFest 2023

Vintage car at the RevRoad Rally OremFest

OREM, Utah, May 24, 2023 — To mark the commencement of OremFest 2023, RevRoad will host an impressive car show featuring an intriguing array of vintage and exotic cars at Scera Park in Orem. Notably, the company has extended a special invitation to the  VIP Guests of Honor from Medallion Manor and TURN Community Services, which provide exceptional care for special needs adults in the local area.  To ensure a memorable experience for the VIP Guests of Honor,  they will be accompanied by the glamorous Miss Utah, along with Orem City Royalty, and local university cheerleaders. 

In further celebration of the Orem community, the event’s sidewalks will be decorated with vibrant chalk by artists throughout the area. Guests will enjoy a good old-fashioned hot dog dinner (while supplies last) along with a variety of engaging children’s activities hosted by local businesses.

The RevRoad Rally has become an anticipated event at the mark of summer, attracting a community crowd of typically between 2,500–3,500 people. The RevRoad Rally is a chance for RevRoad team members and portfolio companies, Orem City community members, car owners, and attendees to come together and enjoy a night out. The RevRoad Rally is free to attend for anyone seeking a fun evening out. 

The event will kick off OremFest on June 5th, 2023 at 6:00 pm and will conclude at 9:00 pm at Scera Park in Orem, Utah. All are welcome and encouraged to come enjoy the summer air and create wholesome memories with the community.

View the event FAQs at https://www.revroad.com/rally.

About RevRoad

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 business faster visit revroad.com to learn more and apply for the accelerator program.

The Rise of RevRoad’s Unicorn: ERC Specialists

The rise of the fastest growing nearly $1B dollar company in Utah has been astounding, something we may never see again—starting at $0 revenue only 14 months ago. They have accomplished this somewhat incognito, staying too busy with their growth to worry about the fanfare. Yet now, as they approach this massive milestone in the startup space, we think it’s time for their incredible story to be told.   

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2022 Q3 Onboarding: Get to Know RevRoad’s New Portfolio Companies

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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