Portfolio Welcome: Ediphi

We are pleased to welcome Ediphi into the RevUp portfolio! Based in Austin, TX (and in the Phillipines), Ediphi is enabling a new generation of workers to train and upskill for global jobs, from anywhere at anytime. The Ediphi platform offers XR-powered training, internship placement and management, virtual internships, training-to-employment programs, and blockchain-based training and education credentialing.

While the company is rapidly expanding into adjacent industries, Ediphi has built a strong presence in the hospitality market, providing a total online solution for hospitality organizations that hire international workers and the educational organizations that route these workers into the industry.

Given the industry's dependence on foreign workers, and the economic lifeline these jobs provide, solutions for training and match making are a huge unmet need in the industry.. Consider this: While there are over 300 million people employed in the hospitality industry, it is estimated that there are 1.4M+ unfilled positions in the U.S. alone. With a 300% turnover rate, the hospitality industry also has the dubious distinction of having the highest labor churn rate of all industries.

Internships, especially for foreign born workers, are currently the leading strategy used by enterprise hospitality organizations to create a pipeline of workers into their organizations. Proper preparation and training is critical to ensuring that these placements are successful and that a sufficient number of them convert from internship to hire. Training and exposure to the rigors and reality of hospitality work are also essential to helping young workers make an informed decision about whether or not the hospitality industry is a viable choice for them. This reduces churn and costs associated with poor placements for both hiring organizations and workers.

Ediphi harnesses the power of the metaverse to offer high quality, low-cost, personalized training by leveraging VR and AR technology. Using this approach, they can train anyone, from anywhere, to make them hospitality career-ready, efficiently and effectively..

Ediphi works with students, schools and hotels to provide foundational education, upskilling, virtual internships, and reskilling to support a variety of career placement and advancement goals. The platform offers training programs and experiences across housekeeping, inventory management, guest interactions and other components of on-site guest services.

For hotels, Ediphi’s Virtual Training Lab environments are scalable and highly customizable. These digital platforms gather data on performance to help identify the strengths and opportunities for growth of trainees. Ediphi is also able to record these credentials on the blockchain to heighten security.

We know great things ahead for this company, so stay tuned for updates!

More About RevUp Capital

RevUp Capital invests in B2B and B2C companies that are revenue-driven and ready to double down on growth. We deploy cash and capacity to help companies grow from $1-3M to $10-30M, quickly and efficiently, using a revenue-based model. Companies enter our portfolio with $500K-$3M in revenue, a strong growth rate, and a team that’s ready to scale. Our typical investment range is $300K-$500K.

We invest into a company's market-facing activity using a cash and capacity model. We pair our cash investment with dedicated support from the RevUp Growth Platform: a powerful resource to build a data-driven growth engine, delivered by people who get the work done. Rather than take equity, companies return investment through a small percentage of revenue over time. More at www.revupfund.com