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RevUp Capital
RevUp Capital is an SEC-registered investment adviser with its headquarters in East Greenwich, RI. It manages approximately $1.5 billion in assets.
RevUp Capital
RevUp Capital is an SEC-registered investment adviser with its headquarters in East Greenwich, RI. It manages approximately $1.5 billion in assets. The firm was founded in 2015.
General information
Firm type
Generalist
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
East Greenwich
Corporate office
Providence, RI, United States
Principals
Allan Tear
Co-Founder & Managing Partner
Melissa Withers
Co-Founder & Managing Partner
Sector focus
Frequently asked questions
How does RevUp Capital generate returns without taking equity?
RevUp uses a revenue-based investment model. It provides upfront capital of $300,000 to $500,000 and recovers its investment plus a return through an agreed percentage of the company’s ongoing revenue, up to a cap. The structure eliminates equity dilution for founders and aligns RevUp’s success directly with the portfolio company’s revenue growth rather than an eventual exit. The model works best for companies generating $500,000 to $3 million in revenue that are poised to scale toward $10 million or more.
What types of companies does RevUp Capital typically back?
RevUp invests in U.S.-based B2B and B2C companies that are already in market with $500,000 to $3 million in annual revenue. It looks for customer-focused businesses with a strong growth rate and a path toward $10–$30 million in topline. Typical sectors include enterprise software, fintech, digital health, media and entertainment, education, and consumer products. The firm actively seeks out founders who are building businesses outside networks of social and economic privilege.
Who runs investment decisions at RevUp Capital?
Investment decisions are led by co-founders Allan Tear and Melissa Withers. Both came from equity-investing backgrounds before launching RevUp in 2016. They work closely with each portfolio company alongside the in-house RevUp Growth Team, which provides hands-on operational support. The firm evaluates opportunities on a rolling basis, and founders can request review through a pre-screening form on the firm’s website.
Does RevUp Capital operate a traditional venture fund structure?
No. RevUp does not raise blind-pool equity funds that operate on a typical 10-year venture life cycle. Instead, it deploys capital from a growing group of investors who are committed to the firm’s non-dilutive model. The firm does not publicly disclose the total size of its capital base, but it has named recent investment vehicles after the Goddess Athena. The investor base is described as a networked resource that connects portfolio companies to a global support system.
How is RevUp Capital different from a venture debt provider?
Unlike venture debt, RevUp’s financing does not require warrants, equity kickers, or fixed repayment schedules. Repayments float with the company’s actual revenue, making the cost of capital variable and tied to performance. The firm also embeds a full-time Growth Team that works alongside portfolio companies on sales, marketing, and operational scalability — a service layer that venture debt lenders rarely provide. RevUp presents this combination as ‘smart money without dilution.’
Which sectors does RevUp Capital explicitly avoid?
RevUp does not publish an explicit exclusion list. Based on its public statements and portfolio composition, the firm avoids pre-revenue companies, heavy asset-intensive industries, and businesses that do not produce recurring or predictable revenue streams. It concentrates on sectors where a scalable revenue engine can be built quickly — enterprise software, consumer subscription models, digital health, and media — and stays away from highly capital-intensive verticals like biotech or hardware manufacturing.
What is RevUp Capital’s known posture on follow-on funding?
RevUp’s model is structured around a single, up-front investment intended to carry a company through a critical growth phase, with payback coming from revenue over time. The firm does not publicly advertise a follow-on reserve or participate in subsequent equity rounds. By avoiding an equity position, RevUp does not have pro-rata rights or the typical venture pressure to defend ownership in later financing rounds, leaving founders free to pursue additional capital from other sources.
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