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updated: 5/6/2014 4:47 PM

Palatine's Revenew moves to Chicago

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Daily Herald Staff Report

Palatine-based Revenew Inc. said Tuesday the marketing technology startup has relocated from Palatine to downtown Chicago along with 32 employees.

The new office at 200 W. Monroe St. places Revenew in the city's tech startup community and offers room to accommodate growth, the company said in a statement.

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"This move is another big step forward for us," Nasrin Thierer, CEO and founder of Revenew, said in a statement. "Being located in downtown Chicago now gives us greater access to top-quality talent and the resources that we need to continue our accelerated growth. It also allows us to have a closer relationship with our peers in the vibrant startup and tech community Chicago has become known for."

The company received no incentive packages to move, said Suzanne Martin, Revenew's chief marketing officer.

"Our office was built to handle expansion," said Martin. " We're at 32 employees now we have room for another 10 to 14 in the same space. We plan on growing fast and physical space constraints won't be an issue for us."

Revenew's office move is part of a growth plan driven by venture capital investment received in October 2013, when a $5 million financing investment round was provided by the consortium of Allos Ventures, Illinois Ventures and TGap. the company said.

Revenew refers to itself as "the world's first marketing network."

"We help big companies with local marketing through their channel," Thierer said.

"Supporting innovation and entrepreneurship is a key component of Mayor Emanuel's Plan for Economic Growth and Jobs," said World Business Chicago President & CEO Jeff Malehorn.

•Daily Herald Business Writer Anna Marie Kukec contributed to this report.

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