DENVER - A high-profile Denver tech startup that makes wearable emergency alert devices has been brought back to life just in time for holiday sales.
Revolar, which shut down in October after being hamstrung by supply chain problems, has new owners who bought the company’s intellectual property and assets, and are backing the startup’s founders.
Revolar’s smart-phone connected emergency alert buttons went back on sale on the company’s website on Black Friday, and they’re expected to be on Amazon.com and some other online stores by week’s end, said Steve Bachar, a co-founder in Empowerment Capital, the Denver investment firm that led the purchase of Revolar.
Revolar hit a “hiccup” in manufacturing its devices and its existing investors determined the startup wasn’t likely to meet their return expectations, Bachar said, which led to an auction of Revolar to resolve the company’s debt.
Read more at the Denver Business Journal: http://bit.ly/2AjBL7V.
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