Rivercity Innovations Ltd. (Accelerator)

Company Description: Rivercity Innovations designs and manufactures IoT sensors for food-tech and supply chain management. We focus on automation of cold chain temperature and humidity processes to reduce food loss and digitize compliance data. We have one legacy product we developed as an opportunistic startup which does GPS tracking and temperature monitoring using hybrid satellite and IoT networks. Today Rivercity Innovations operates in 4 countries (Canada, USA, France, and Spain) with our sales team, key partners and resellers growing generating over $800K TTM, and over $350K ARR. Our primary focus is our proprietary TxH sensor / software solution developed for temperature monitoring which generates over 90% of our revenue and is actively used in grocers, pharmacies and restaurants (now integrated to 7Shifts). Our revenue stream comes from one-time hardware sales (our hardware) PLUS SaaS (our software). Rivercity Innovations has extensive client contracts and key partners across our market, with over 170 locations using thousands of our sensors to reduce food loss today.