PROVIDENCE – Applications for the RevUp accelerator program are due March 17.
RevUp, which was created by Betaspring, is an accelerator for revenue-first companies – ventures where growth through revenue is the main goal.
Through RevUp, companies receive $75,000 in cash and immersion in a three-month program focused on increasing customer acquisition and revenue. Up to six companies will be accepted.
Since 2009, Betaspring has accelerated 91 companies, and its portfolio has raised $65 million in follow-on funding and produced four acquisitions.
One reason why Betaspring said it launched RevUp last year was because it believes revenue-driven companies are underserved by today’s equity-only funding models.
RevUp invests in companies that are technology-enabled and reach customers through repeatable processes.
RevUp does not take equity in the companies it invests in, and instead uses a revenue royalty model in which companies return investment over time.
This is RevUp’s second cohort; six companies were accepted in the first cohort.
Information about RevUp can be found at Betaspring.com.
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