The RevUp Fund is expanding to Baltimore - Technical.ly Baltimore

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Sep. 13, 2017 12:54 pm

The RevUp Fund is expanding to Baltimore

It's part of a move to back more early-stage companies in the region. Team members with the investment fund from the firm Betaspring will be in town on Sept. 14-15.

RevUp's logo will start appearing more around town.

(Courtesy photo)

A New England–based investment firm will be in Baltimore this week seeking new companies for its growth-focused fund.

Team members from Betaspring are in the region as part of an expansion of the RevUp Find to Baltimore and D.C., our sister site Technical.ly DC reported.

The RevUp Fund currently backs companies in New York, Pittsburgh and Boston. Managing Director Melissa Withers said expanding to both Baltimore and D.C. is designed as a regional move.

“Places that have had to work hard to make early-stage companies a viable part of the economy tend to have a lot of grit,” she said via email. “And that matches really well to the kinds of founders and companies we like to work with.”

Eight-year-old Betaspring launched the RevUp Fund in 2014. The fund typically makes non-dilutive investments of $100,000. It’s geared toward companies generating revenue in the $300K-$1.5M range, according to Betaspring, and team and market opportunity are also among the considerations.

The firm also looks to help companies grow. It has an in-house growth team that works with companies to identify avenues toward more revenue, and its management team also provides support.

“Our model is complementary to the other sources of capital that already are on the ground and there’s a great sense of momentum that growth companies will continue to be an important priority,” Withers said.

The RevUp Fund team members are holding by-appointment-only meetings at ETC on Sept. 14 and Betamore on Sept. 15, Withers said. Info on requesting a screening meeting is on the firm’s website.

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Stephen Babcock

Stephen Babcock is Market Editor for Technical.ly Baltimore and Technical.ly DC. A graduate of Northeastern University, he moved to Baltimore following stints in New Orleans and Rio Arriba County, New Mexico. His work has appeared in The New York Times, Baltimore Fishbowl, NOLA Defender, NOLA.com/The Times-Picayune and the Rio Grande Sun.

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