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Retail technology company with Atlanta office raises $4.4M for U.S. expansion


1 Jim Harriman jv
Jim Harriman, general manager of RevLifter's North America operations.
Joann Vitelli

A London-based retail technology company raised $4.4 million in a Series A funding round to expand its U.S. operations, using metro Atlanta as its headquarters.  

RevLifter uses artificial intelligence to create personalized content or deals for a customer on a retailer’s website. For example, it may use the customer’s location to generate a regional deal or use items in their shopping cart to generate "similar products" suggestions.  

“Hopefully it feels like they’re getting the best value at the right time while they’re shopping online, and they don’t have to leave the brand’s website to go somewhere else to look for deals or offers,” said Jim Harriman, general manager of U.S. operations. 

That personalization technology aims to improve the conversion rates for online sales and customer experience on different retail sites. AT&T Inc. (NYSE: T), Nike Inc. (NYSE: NKE), New Balance and Hewlett Packard Enterprise Company (NYSE: HPE) use RevLifter, according to the company.  

In early 2019, RevLifter started expanding into the U.S. market, and now 60% of revenue comes from U.S. businesses, Harriman said. However, the COVID-19 pandemic stalled the company’s expansion.  

RevLifter laid off about 30% of its team, including everyone working in the U.S. except Harriman, he said. RevLifter applied for a federal Paycheck Protection Program loan but got denied, which the company claimed was discrimination against foreign-owned businesses.

Despite the setback, RevLifter is rebuilding its team and creating partnerships with more retailers.  

By the end of 2021, Harriman said the hope is to employ 30-40 workers globally with about 10-15 at its Alpharetta office. 

Gresham House Ventures and Maven Capital Partners led the $4.4 million funding round.

On top of hiring, Harriman said the company will use the funds to invest in more product development, such as providing personalized deals in emails or push-notifications and providing more real-time performance data.  

“The surge in online that we’re all seeing as a result of the COVID-19 pandemic brings with it increasing customer demands and expectations,” said Alexander Sleigh, investment director at Maven Capital, in a press release. “The quality of personalized experience that brands need to deliver to customers has never been more important.” 

The growth in online shopping that happened as a result of the pandemic increased potential companies that may use RevLifter by 50% in the last six months, according to an email from the company.  

Harriman said founders Ryan Kliszat and Simon Bird initially looked to New York as a headquarters, but Harriman suggested Atlanta because of its airport, low cost of living and technology resources.  

“It quickly became a no-brainer, so we decided to make Atlanta our U.S. home and use it as a launching point for other geographies,” Harriman said. 


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