It’s a Wrap: RevUp Fund 2019 is Complete!
Returning a 22% IRR to investors—while showcasing an incredible group of founders—RevUp’s Fund 2019 completion is a milestone worth celebrating.
We’ve always bucked the “bigger is better” trend, electing for a model that uses smaller fund structures than is typical in Venture Capital. By focusing investments into a curated group of companies that closely match our thesis and values, we’ve avoided many of the pitfalls that come with having more capital than can be responsibly deployed. In short, we have gone slow to go fast.
Last month, RevUp Fund 2019 reached completion, becoming the fourth RevUp Fund to do so. As 2019 sails into “retirement,” we want to commemorate the Fund’s successes and lessons learned along the way—lessons that shaped our evolution and our newest fund, which opened to investors last month.
Fund 2019 achieved a final IRR of 22%. The companies in Fund 2019 were generating $6M in aggregate revenue at the start of the fund. Over the following four and a half years, those companies produced $66M in total revenue.
These outcomes represent an immense amount of founder dedication, teamwork, and a disciplined focus on building sustainable, high-growth businesses. From strategic acquisitions to breakout growth, Fund 2019 companies achieved some major milestones while also reinforcing the value of founder-aligned capital.
Some highlights:
UpLaunch, acquired by Daxko, empowered boutique fitness studios with CRM and marketing automation tools tailored to their workflows. By helping gym owners simplify member engagement and retention, they carved out a niche and became a strategic asset in the fitness tech ecosystem.
Hippo Manager, acquired by and now part of Shepherd Veterinary Software, modernized operations for independent vet clinics across the country. Their cloud-based software supported everything from appointment scheduling to billing, freeing up time for vets to focus on patient care, not admin work.
TalentWall, acquired by Crosschq, reimagined how recruiting teams visualize and manage hiring pipelines. Their visually intuitive dashboards and actionable insights made collaboration between hiring managers and recruiters seamless, earning them fans in fast-scaling orgs across tech and beyond.
PrizePicks brought fresh energy to fantasy sports, scaling to 5 million+ users, securing partnerships with major pro leagues, and earning a top-ten spot on Deloitte’s 2024 Technology Fast 500. What started as a differentiated, daily fantasy sports experience quickly became one of the most recognized brands in the space, reshaping how fans engage with the sports they love.
Pilotly defined a new category of media research, helping entertainment giants like Netflix, Amazon, and Warner Bros. understand audience feedback at scale. Their platform turned gut instinct into data-backed decisions, redefining how content is tested.
Each of these proofpoints show that great founders + good capital strategy + strong execution = excellent outcomes for founders and investors alike.
Congratulations to all the companies in the 2019 portfolio. Our team remains grateful and proud to have been a small part of your journey.
Also, huge thanks to OUR RevUp investors, who put their capital behind us and trusted in our vision. None of it would have been possible without you.
With each fund we are able to take what we learn–and what our founders and the market teach us–into our next iteration. The benefits of smaller funds is that these learnings and experiences aggregate quickly and help us keep pace with changing market conditions.
If you would like to learn more about how we invest or learn more about becoming an investor in RevUp Fund 2025, visit us at revupfund.com