Revroad Capital Closes First Early Stage Fund, At $61M

(L-R) RevRoad Capital founding team: Scott Petersen, Rachelle Morris, David Mann, and Bart Skalla.

RevRoad Capital, a Provo, UT-based seed-stage venture firm, announced a $61m final close of its first fund.

The fund’s backers included successful entrepreneurs and operators in Utah and across the country.

Led by Executive Managing Director David Mann and Managing Directors Rachelle Morris, Scott Petersen and Bart Skalla, RevRoad Capital focuses on investing in founders and teams in the U.S., spanning industries such as electric vehicles, artificial intelligence, SaaS, manufacturing and more.

Mann was an Amazon executive and a serial entrepreneur, who scaled and ran a 1,000+ person organization. Morris has experience as an investor and former Goldman Sachs and JP Morgan executive. Skalla, whoc co-founded RevRoad in 2017, established its Finance and Capital Services by using experience in startups, corporate finance and venture capital. Petersen spent his career as a serial entrepreneur, founding and leading several startups.

FinSMEs

18/10/2023