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RYSE Raises
Hey Tech Buzzers,
Happy Wednesday. We’re excited to share that our partner RYSE, whom we showcased many months ago, is raising capital. We’re excited to watch them continue to build and take market share, and to open this opportunity up to you.
Best Buy has a knack for picking the up-and-coming tech products that go on to dominate the market. Their early bets on household items like Ring (acquired by Amazon for $1.2B) and Nest (acquired by Google for $3.2B) have a proven record of paying off.
Now Best Buy is lifting the curtain on their latest find, launching RYSE’s SmartShades in over 120 retail stores. RYSE has already hit $9M+ in lifetime revenue with over 60,000 units sold, and the numbers are rising (along with the window shades).
The market for smart window shades is poised for immense growth.
Their flagship control system doesn’t require replacing your existing shades; instead, it integrates directly by attaching to a beaded chain.
RYSE shareholders have seen their value increase 40% year-over-year, with strong upside remaining as they scale into retail and high-volume B2B channels.
We’ve highlighted RYSE’s success before. If you missed out on their last fundraising round, you may want to take a look at this one.
If you have any questions, shoot us an email at [email protected] and we can direct you to the RYSE finance team.
DISCLAIMER: The Tech Buzz does not provide financial advice. You must ensure you are legally eligible for this offering, and do your own research.