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The Stalwart Companies, previously known as RevRoad Capital, is a seed-stage venture fund based in Provo, Utah. Founded in 2022, the firm has quickly established itself as a key player in the startup ecosystem, focusing on providing both capital and operational support to early-stage companies. The fund has a total size of $61 million, which it utilizes to back startups primarily in North America, particularly in Utah and the broader United States.
The organization has evolved from its roots as RevRoad, a venture-services firm that began in 2017. The transition to Stalwart Companies marks a strategic shift towards a more focused investment approach, emphasizing the importance of operational expertise alongside financial backing. The firm aims to help founders navigate the complexities of scaling their businesses effectively, leveraging a team with extensive experience from industry giants such as Apple, Amazon, and Goldman Sachs.
Stalwart Companies has made significant strides since its inception, with a portfolio that includes innovative startups across various sectors, including AI, fintech, SaaS, healthcare, and logistics. The firm is committed to supporting high-performing companies that have completed RevRoad's program, ensuring they have the resources and guidance needed to succeed.
The Stalwart Companies primarily invests in seed-stage startups, with a check size range of $2 million to $5 million. The firm focuses on sectors such as artificial intelligence, fintech, software as a service (SaaS), energy, healthcare, consumer products, logistics, mobility, climate, and industrial technologies. This diverse sector focus allows Stalwart to engage with a wide array of innovative companies that are poised for growth.
Geographically, Stalwart emphasizes investments in Utah and the broader United States, aligning with its mission to support local entrepreneurs. The firm particularly seeks startups that have completed RevRoad's program, which provides them with a foundation of operational support and mentorship. Stalwart's investment thesis posits that seed founders can scale more effectively when they receive both capital and experienced operational guidance. This approach is designed to help startups build from the ground up and scale to enterprise-level operations.
The Stalwart Companies has a diverse portfolio that includes several notable startups:
These companies represent a mix of emerging technologies and established sectors, showcasing Stalwart's commitment to backing high-potential startups. The firm’s focus on operational support alongside capital investment is evident in its portfolio, as it seeks to empower these companies to achieve significant growth.
David Mann (Executive Managing Director) — David Mann has a background in leading roles at Amazon Game Studio before joining RevRoad in 2018. He now leads The Stalwart Companies as Executive Managing Director.
Rachelle Morris (Managing Director) — Rachelle Morris serves as Managing Director and is part of the leadership team at Stalwart, contributing her expertise in venture capital.
Scott Petersen (Managing Director) — Scott Petersen is also a Managing Director at The Stalwart Companies, bringing valuable experience to the firm.
Bart Skalla (Managing Director) — Bart Skalla holds the position of Managing Director, playing a key role in the firm's investment decisions.
Mace Grover (Investment Associate) — Mace Grover serves as an Investment Associate, assisting in the evaluation and management of portfolio companies.
Jeff Martin (Principal) — Jeff Martin is a Principal at The Stalwart Companies and has been involved in notable investments, including leading the seed round for Nomyx.
Emily Leavitt (Controller) — Emily Leavitt serves as the Controller, overseeing financial operations within the firm.
In October 2023, The Stalwart Companies announced the final close of its debut fund, raising $61 million to support seed-stage startups. This fund is a significant milestone for the firm, marking its transition from RevRoad Capital to Stalwart Companies.
In December 2024, Stalwart led a $1.75 million seed round for Nomyx, a digital asset-management company utilizing blockchain technology. This investment highlights Stalwart's commitment to backing innovative startups in the fintech sector.
Additionally, in February 2023, Stalwart was involved in leading a $6.5 million seed round for Hypercraft, an electric drive systems platform focused on the EV market. This investment aligns with Stalwart's focus on supporting high-growth sectors such as electric vehicles and advanced manufacturing.
What are the investment criteria for The Stalwart Companies?
The Stalwart Companies primarily invests in seed-stage startups that have completed RevRoad's program. They look for companies in sectors such as AI, fintech, SaaS, healthcare, and logistics, among others. Founders should demonstrate traction, a viable business model, and coachability.
How can founders apply or pitch to The Stalwart Companies?
Founders interested in pitching to The Stalwart Companies should ideally have gone through RevRoad's program. While specific application details are not publicly available, reaching out through their official website or LinkedIn may provide further guidance.
What makes The Stalwart Companies different from other venture funds?
The Stalwart Companies differentiates itself by combining capital investment with extensive operational support. Their team has experience from leading companies like Apple and Amazon, which they leverage to help startups scale effectively.
What is the geographic scope of The Stalwart Companies?
The firm focuses on startups located in Utah and the broader United States, emphasizing local entrepreneurs and high-performing companies.
What is the typical check size for investments?
The Stalwart Companies typically invests between $2 million and $5 million in seed-stage rounds, aligning with their strategy to support early-stage growth.
What kind of post-investment involvement can founders expect?
Founders can expect significant operational support post-investment, including assistance with capital allocation, team building, and achieving product-market fit. The firm aims to help startups avoid premature scaling and navigate growth challenges.
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