Socialeads Inc., a Milwaukee startup that uses machine learning and artificial intelligence to support insurance and financial services, is participating in one of the world's top fintech accelerator programs.
RevTech Labs is gearing up for its 14th class that will take nine bourgeoning startups through an intense, 12-week accelerator program.
Founded in 2012, RevTech Labs in Charlotte, North Carolina, is recognized as one of the top five fintech accelerators in the world, making the application process competitive and the program itself challenging for participants, said co-founder and managing director Dan Roselli. This year's spring program kicks off March 23 and is fully virtual.
"We have seen an incredibly strong application process with one of our best cohorts yet in these companies," Roselli said in a statement.
The class was selected through a rigorous screening process that narrowed a pool of more than 6,000 companies down to 81, before the final nine cohort members were chosen.
Class 14 is made up of nine fintech and insurtech startups from across North America. They are as follows: ArchiveCore, of Roanoke, Virginia; Epica, of Miami; Ethos, of Minneapolis; Hexanika, of Little Rock, Arkansas; knnt, of Toronto; Lend Grow, of Richmond, Virginia; Socialeads, of Milwaukee; Steamchain, of Beaverton, Oregon; and Timechain, of Montreal.
RevTech Labs provides its founders with curriculum, mentorship and a custom advisory board, as well as investment capital.
"Our program stands at the center of entrepreneurs, corporations and venture capital," said Ashley Everett, RevTech Labs program director. "We strategically match our founders with executives and subject matter experts to work on specific long-term and short-terms objectives, while giving founders the funding they need to support their businesses throughout the 12 weeks."
In November 2020, Socialeads closed on $1.75 million in new investment capital to grow its sales and marketing, both domestic and international.
