Goldman Sachs Provides Revionics Growth Financing
Revionics announced it raised growth financing from Goldman Sachs. This investment will help Revionics capitalize on the significant growth opportunities in the retail software technology sector. The funds will be used to accelerate Revionics’ global market share and expand research and development efforts for the company’s end-to-end merchandise optimization solutions. This financing comes on the heels of Revionics’ recent announcement of a 5-year compound annual growth rate (CAGR) of over 50% and customer renewals near 100%.
Revionics announced the appointment of Hillel Moerman, co-head of the Goldman Sachs Private Capital Investing group to its board of directors and Holger Staude, also a member of PCI, as board observer. The PCI group is Goldman Sachs’ investment platform dedicated to providing preferred equity and mezzanine capital to growth and middle market companies.
“Revionics’ best-in-class product, customer base, and management team have positioned the company to be a global leader in merchandise optimization,” said Moerman. “We are pleased to contribute to Revionics’ product innovation and continued success.”
“We selected Goldman Sachs as our new financial partner due to their distinguished track record funding fast growing pre-IPO companies. We are thrilled that they see the significant growth opportunity ahead of us,” said Marc Hafner, Revionics CEO. “Revionics is committed to innovate and provide greater value to our customers. Today we deliver an estimated $2B in additional profit annually to our retail customers. This investment will accelerate key R&D efforts as well as provide us with additional access to capital for future acquisitions.”
Revionics delivers proven end-to-end merchandise optimization solutions, enabling retailers of all sizes to execute a fact-based omnichannel merchandising strategy utilizing the most comprehensive set of shopper demand signals to enhance financial performance with improved customer satisfaction.