Reactiv: Revolutionizing Mobile Commerce with AI Innovation

Deal News | Jan 16, 2025 | Alumni Ventures Group LLC

Reactiv: Revolutionizing Mobile Commerce with AI Innovation

Reactiv, a company founded by CEO Ross Correia, CTO Michael Pezzi, and COO Zack Elias in 2023, is pioneering advancements in mobile commerce through its AI-driven platform. The company offers e-commerce merchants tools to develop, deploy, and manage mobile applications that enhance user interactions, including Reactiv Clips, which drive engagement without requiring application downloads. This innovation has demonstrated tangible benefits such as a 30% increase in order value and significantly higher conversion rates compared to traditional mobile web experiences. Alumni Ventures has recently invested in Reactiv, recognizing the potential of its technology in reshaping the mobile shopping landscape. Despite launching only recently, Reactiv has achieved $1 million in annual recurring revenue from its waitlist and secured partnerships with notable brands. The company’s vision is aligned with the growing trend of mobile commerce and aims to expand its engineering workforce and AI features to increase adoption. The partnership was further detailed in a discussion hosted by AV Partner Meera Oak on AV's Tech Optimist podcast, underlining Reactiv's strategic direction and its impact on the market.

Sectors

  • E-commerce
  • Artificial Intelligence

Geography

  • United States – Alumni Ventures Group LLC and Reactiv, as U.S.-based entities, are operating within and influencing the American mobile commerce and technology sectors.

Industry

  • E-commerce – Reactiv operates within the e-commerce industry, providing tools to enhance mobile shopping experiences, a key component of online retail.
  • Artificial Intelligence – Reactiv uses AI technology to innovate mobile commerce solutions, marking its relevance in the AI sector.

Financials

  • $1 million – Annual recurring revenue from Reactiv’s waitlist alone, indicating early success and market demand.

Participants

NameRoleTypeDescription
ReactivTarget companyCompanyAn AI-driven platform providing e-commerce merchants tools to enhance mobile shopping experiences.
Alumni Ventures Group LLCInvestor, PE firmCompanyA private equity firm investing in emerging companies like Reactiv, focused on technologies reshaping industries.
Ross CorreiaCEOPersonCo-founder and CEO of Reactiv, leading the company’s strategic direction.
Michael PezziCTOPersonCo-founder and Chief Technology Officer of Reactiv, overseeing technology development.
Zack EliasCOOPersonCo-founder and Chief Operating Officer of Reactiv, managing operational strategies.
Meera OakPartnerPersonPartner at Alumni Ventures, engaging with Reactiv’s leadership to showcase their progress and impact.