2022 in Full Force with Emerging Technologies, Scaling Startups, and Robust Venture Funds
With impactful day-to-day innovations our portfolio companies are working to offer real solutions to market problems.
Rev1’s Innovation Internship Program—a commitment to the future of diverse entrepreneurship—in just two years, has helped 52 startups and filled over 330 intern roles with 66% diversity since its launch in March 2020.
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The Efficiency Effect: How the Pandemic Forced Startups to Learn from Immediate Challenges and Market Needs
As new markets and needs are created due to remote work, up-ticks across e-commerce, a disrupted supply chain, and amplified health and safety concerns, companies are pivoting for survival and growth.
Chypp Brings Affordable and Easy-to-Implement Same-day Delivery Capability to Shopping Malls and Online Retailers
“We work directly with shopping mall retailers,” said Jack Hendrix, Chypp CEO, “to facilitate a same-day delivery strategy. Every product on our website is being offered by the retailer directly. We do not deal with resellers. Our rallying cry is this: ‘If it’s not a scalable solution, it’s not a solution at all.’”
COTA Partners with Rev1 Ventures to Support Emerging Technologies and Startups through COTA GO! Mobility Lab Activation
As the mobility industry continues to evolve, COTA is focusing on innovations and partnerships that will help to deliver equitable, accessible public transit services and keep Central Ohio at the forefront of smart mobility innovation. The Central Ohio Transit Authority (COTA) has partnered with Rev1 Ventures, to find and support emerging technologies through COTA’s GO! Mobility Lab.
Rev1 Ventures Passes $4B Economic Impact, Reflecting a Decade of Work
In 2019, Rev1 Ventures reported meeting its goal of $2 billion in economic impact six years after reorganizing. It took just two more years to double that impact to more than $4 billion, according to the organization’s annual report, including $1.1 billion of that in 2021.
LexisNexis Risk Solutions Acquires Property Insurtech Flyreel
LexisNexis Risk Solutions has announced the acquisition of Flyreel, a US property insurtech that uses artificial intelligence (AI) and machine learning (ML) to improve risk analysis for home and business insurers. Rev1 was an early-stage investor in the company, which at the time, hadn’t approached the insurance market, but after aligning with State Auto Labs, made the move and has seen explosive growth in the market.
SHARE Mobility Closes $12 Million Series A Funding Round
SHARE Mobility is a software company based in Columbus, Ohio, who provides tailored SaaS and MaaS solutions for companies looking to get their employees to work, government and transit agencies looking to improve service efficiency, and non-profit agencies looking to connect their clients to opportunities.