Rise of the Rest

Rise of the Rest is a seed fund that focuses on investing in early-stage companies located in regions outside of major tech hubs like New York City, Silicon Valley, and Boston. Launched in 2014 as part of a broader initiative by Revolution, the fund aims to highlight and support emerging startup ecosystems in traditionally overlooked markets across the United States. By collaborating with regional leaders and co-investors, Rise of the Rest seeks to nurture the next generation of transformational companies. The fund typically makes initial investments of up to $1 million and is supported by a diverse group of prominent entrepreneurs and business leaders who believe that significant innovation is not limited to coastal areas.

Andy Cloyd

Venture Partner

Ayush Jain

Vice President

Jamie Rodota

Senior Director of Strategy

Aia Sarycheva

Senior Associate

Mahati Sridhar

Principal

Isabelle Styslinger

Associate

Past deals in Illinois

Rheaply

Funding Round in 2022
Rheaply, Inc. is a Chicago-based company that offers the Asset Exchange Manager (AxM), an online platform designed to facilitate the buying, selling, trading, donating, and renting of resources among organizations. Founded in 2016, Rheaply aims to enhance resource visibility and utilization, thereby promoting a circular economy. The platform connects a diverse range of users, including Fortune 500 companies, startups, educational institutions, and nonprofit organizations, enabling them to create an internal or external marketplace for resource exchange. By effectively combining asset management capabilities with an online marketplace, Rheaply helps organizations minimize waste and improve their reuse outcomes.

FactoryFix

Series A in 2022
FactoryFix is a platform based in Chicago, Illinois, that connects manufacturing companies with a network of qualified skilled workers, including engineers, machinists, and maintenance technicians. Founded in 2015, FactoryFix offers a managed marketplace that streamlines the hiring process for full-time and part-time positions, as well as contract and temporary roles. The platform not only provides access to vetted labor resources but also includes tools for generating job listings, vetting candidates, and offering salary insights. By facilitating connections between manufacturers and skilled labor, FactoryFix enhances the efficiency of workforce management in the manufacturing sector.

FOXTROT

Series C in 2022
FOXTROT is a food and beverage delivery company based in Chicago, Illinois, founded in 2013 by Mike LaVitola, Brian Jaffee, and Taylor Bloom. The company operates both grocery stores and a mobile app that allows customers to shop for a diverse range of products, including wine, spirits, fresh foods, snacks, and everyday essentials. FOXTROT offers a curated selection of items that can be delivered to customers' doors in under an hour. In addition to its Chicago location, FOXTROT has expanded its presence to Texas, enhancing its reach in the grocery and delivery market.

SupplyHive

Seed Round in 2021
SupplyHive is a software platform designed to enhance supplier performance reviews for businesses. Founded by entrepreneur Mike Anguiano, the platform allows organizations to better understand and manage their suppliers by collecting and analyzing reviews and ratings. Utilizing artificial intelligence, SupplyHive continuously improves its performance metrics with each new review, helping businesses measure key performance indicators (KPIs), identify trends, and detect disparities. The software automates action plans through predictive analytics, enabling companies to streamline their supplier performance processes. This centralized and standardized approach fosters better partnerships and enhances overall efficiency in supplier management.

FOXTROT

Series B in 2021
FOXTROT is a food and beverage delivery company based in Chicago, Illinois, founded in 2013 by Mike LaVitola, Brian Jaffee, and Taylor Bloom. The company operates both grocery stores and a mobile app that allows customers to shop for a diverse range of products, including wine, spirits, fresh foods, snacks, and everyday essentials. FOXTROT offers a curated selection of items that can be delivered to customers' doors in under an hour. In addition to its Chicago location, FOXTROT has expanded its presence to Texas, enhancing its reach in the grocery and delivery market.

Rheaply

Series A in 2021
Rheaply, Inc. is a Chicago-based company that offers the Asset Exchange Manager (AxM), an online platform designed to facilitate the buying, selling, trading, donating, and renting of resources among organizations. Founded in 2016, Rheaply aims to enhance resource visibility and utilization, thereby promoting a circular economy. The platform connects a diverse range of users, including Fortune 500 companies, startups, educational institutions, and nonprofit organizations, enabling them to create an internal or external marketplace for resource exchange. By effectively combining asset management capabilities with an online marketplace, Rheaply helps organizations minimize waste and improve their reuse outcomes.

SupplyHive

Seed Round in 2021
SupplyHive is a software platform designed to enhance supplier performance reviews for businesses. Founded by entrepreneur Mike Anguiano, the platform allows organizations to better understand and manage their suppliers by collecting and analyzing reviews and ratings. Utilizing artificial intelligence, SupplyHive continuously improves its performance metrics with each new review, helping businesses measure key performance indicators (KPIs), identify trends, and detect disparities. The software automates action plans through predictive analytics, enabling companies to streamline their supplier performance processes. This centralized and standardized approach fosters better partnerships and enhances overall efficiency in supplier management.

Dimension Inx

Venture Round in 2020
Dimension Inx Corp. is a Chicago-based company specializing in the design and development of advanced biomaterials and 3D-printed implants for medical applications. Established in 2016, the company focuses on creating innovative solutions that address human disease and tissue regeneration. Its product offerings include Hyperelastic Bone, a 3D printable material intended for bone regeneration, and Fluffy-X, a solution designed for soft tissue regeneration. Dimension Inx also provides 3D printable elastomers and bioactive ceramics, as well as commercial medical devices. By leveraging additive manufacturing and bio-fabrication processes, the company aims to enhance the versatility, manufacturability, and affordability of regenerative medical products, ultimately enabling clinicians to improve patient outcomes and reduce dependence on organ transplantation.

Bridge Money

Seed Round in 2020
Bridge is a developer of a banking platform used to help achieve financial freedom. It aims to provide a path towards upward financial mobility for the millions of people left behind by the traditional banking system. It was founded in 2018 and is headquartered in Chicago, Illinois.

FactoryFix

Venture Round in 2020
FactoryFix is a platform based in Chicago, Illinois, that connects manufacturing companies with a network of qualified skilled workers, including engineers, machinists, and maintenance technicians. Founded in 2015, FactoryFix offers a managed marketplace that streamlines the hiring process for full-time and part-time positions, as well as contract and temporary roles. The platform not only provides access to vetted labor resources but also includes tools for generating job listings, vetting candidates, and offering salary insights. By facilitating connections between manufacturers and skilled labor, FactoryFix enhances the efficiency of workforce management in the manufacturing sector.

PartySlate

Venture Round in 2020
PartySlate, Inc. operates a website for event professionals worldwide. Its platform enables users to browse, search, and save event ideas for weddings, fundraisers, mitzvahs, birthdays, milestones, holidays, corporate events, etc. posted by event professionals; and provides images from decor companies, event planners, caterers, photographers, venues, entertainers, and more. The company also connects users with event professionals. PartySlate, Inc. was incorporated in 2015 and is based in Chicago, Illinois.

FOXTROT

Series A in 2020
FOXTROT is a food and beverage delivery company based in Chicago, Illinois, founded in 2013 by Mike LaVitola, Brian Jaffee, and Taylor Bloom. The company operates both grocery stores and a mobile app that allows customers to shop for a diverse range of products, including wine, spirits, fresh foods, snacks, and everyday essentials. FOXTROT offers a curated selection of items that can be delivered to customers' doors in under an hour. In addition to its Chicago location, FOXTROT has expanded its presence to Texas, enhancing its reach in the grocery and delivery market.

Mozaic

Venture Round in 2019
Mozaic operates an online workflow automation platform designed specifically for the music industry. It offers a suite of tools including Jammber Bridge, a web-based project management platform that facilitates cloud file sharing, session scheduling, product management, and contact management. Additionally, Jammber Muse allows users to share voice memos and lyrics, while Jammber Splits captures song splits in real time. The company also provides nStudio, which helps studio managers capture critical metadata during recording sessions. By digitizing payment and paperwork processes, Mozaic addresses inefficiencies that have historically led to lost payments and credits in the music business. Its technology-enabled SaaS offerings streamline project management and payment tools, thereby enhancing workflow efficiency. Furthermore, the data generated from these services supports a talent search portal that connects independent talent providers with new revenue-generating opportunities. Mozaic emphasizes the importance of maintaining a focus on artistry while keeping all relevant metadata organized in a single, accessible location.

PartySlate

Seed Round in 2019
PartySlate, Inc. operates a website for event professionals worldwide. Its platform enables users to browse, search, and save event ideas for weddings, fundraisers, mitzvahs, birthdays, milestones, holidays, corporate events, etc. posted by event professionals; and provides images from decor companies, event planners, caterers, photographers, venues, entertainers, and more. The company also connects users with event professionals. PartySlate, Inc. was incorporated in 2015 and is based in Chicago, Illinois.

The Minte

Seed Round in 2018
The Minte, based in Chicago, Illinois, provides hotel-style housekeeping services primarily for high-rise apartment residents. Established in 2017, the company employs a building-centric staffing model to ensure consistent and reliable cleaning. Its offerings include a range of cleaning tasks such as sweeping and spot cleaning floors, wiping countertops, loading dishwashers, decluttering rooms, and refreshing bathrooms. Residents can easily book services through a mobile app or by using a convenient button located outside their door, allowing for a seamless experience in maintaining their living spaces.

FOXTROT

Series A in 2018
FOXTROT is a food and beverage delivery company based in Chicago, Illinois, founded in 2013 by Mike LaVitola, Brian Jaffee, and Taylor Bloom. The company operates both grocery stores and a mobile app that allows customers to shop for a diverse range of products, including wine, spirits, fresh foods, snacks, and everyday essentials. FOXTROT offers a curated selection of items that can be delivered to customers' doors in under an hour. In addition to its Chicago location, FOXTROT has expanded its presence to Texas, enhancing its reach in the grocery and delivery market.

Codeverse

Venture Round in 2018
Developer of an education technology platform designed to teach children coding. The company's interactive coding school and educational tech platform provides a self-guided curriculum and has a kid-friendly programming language built with intuitive tools to make learning code approachable, fun, and rewarding, enabling kids to learn the art of coding through one on one interaction.

Peanut Butter

Convertible Note in 2017
Peanut Butter, Inc. operates an online platform designed to assist companies in creating, managing, and tracking loan repayment plans, with a particular focus on student loan assistance programs. By providing benefits administration services, the company enables organizations to attract and retain millennial employees through student loan benefits. Peanut Butter offers tools for managing employee student loans, including the creation of supplemental payment plans, enrollment facilitation, loan verification, payment coordination, and detailed reporting. Established in 2015 and headquartered in Chicago, Illinois, Peanut Butter aims to enhance employee engagement among college-educated talent through its innovative financial solutions.
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