Dallas-based accelerator and seed capital fund REVTECH now has its own place to call home-sweet-home.
REVTECH announced Sunday that is launching its own coworking space on June 1. It will house REVTECH’s accelerator programs and funds, several alumni and mentors, and will be available to rent for startups, retailers, and investors who want to innovate in the retail sector.
REVTECH’s mission is to facilitate the technological evolution in the retail and restaurant industries, according to a release.
The coworking space, located about a mile from NorthPark Center, will operate as an innovation lab where retailers and entrepreneurs will be able to collaborate on solutions to the challenges that face both industries.
“While cowork facilities are bringing community resources to the startup world, sector-focused cowork facilities are creating 24/7 acceleration environments.”
David Matthews
“While cowork facilities are bringing community resources to the startup world, sector-focused cowork facilities are creating 24/7 acceleration environments,” REVTECH Managing Director David Matthews said.
Sunday’s announcement is the most recent example of REVTECH’s growth. Earlier this month, it announced Arcade and Birdzi as the initial investments for its $1 million follow-on fund to boost early-stage startups focused on retail innovation.
The fund, launched in April, is the largest one yet for REVTECH, which it will use to make a total of six pre-accelerator investments and as many as 12 post-accelerator investments.
The accelerator program has been operating from the Dallas Entrepreneur Center since it started in 2012.
Its new 13,000-square-foot facility will feature state-of-the-art conference rooms, function areas, hardware, and software lab facilities, 18 private offices, and 44 workstations, according to the release.
In its five years, REVTECH has funded 31 companies through its accelerator programs, and alumni have raised more than $15 million and created more than 200 jobs.
The next accelerator program runs from July through September.
The semi-annual “Tech Trends in Retail” event is scheduled for Sept. 6 at Addison Conference Center.
Senior Editor Heather Noel contributed to this report.
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