San Francisco-based Revel Systems has landed $13.5 Million from ROTH Capital Partners, a relationship-driven investment bank with close connections to Revel. This was Revel’s C-3 investment round, a follow-up to the Series C-1 round led by Welsh, Carson, Anderson & Stowe in November 2014 and Series C-2 round led by Intuit in December 2014.
This brings Revel’s Series C round to approximately $110 Million.
Revel will use the funding to further accelerate its global expansion and to support large enterprise engagements within both existing and new verticals. Revel is now formally recognized as the leader of the new generation POS industry across both SMBs and enterprises, and its Point of Sale platform is being deployed in tens of thousands of locations across the United States and internationally.
Revel’s iPad POS platform is the most comprehensive POS platform in the industry and enables SMBs, franchise operators and enterprises access a full suite of enterprise-grade operations and reporting features to help them manage and grow their businesses. Revel’s POS platform includes complete front-end order entry, cash register and payment processing, coupled with back-end personnel scheduling, time clock and payroll management, inventory management, comprehensive product/menu management, and advanced reporting to measure and optimize business performance. Revel’s end-to-end commerce platform is indefinitely scalable, from single location SMBs to enterprises with thousands of locations, and is designed to move commerce data seamlessly through open APIs.
Revel Systems iPad POS was founded in 2010 in San Francisco with the goal of changing the point-of-sale market. Founders Lisa Falzone and Chris Ciabarra developed a quick, intuitive and secure iOS-based point-of-sale system by combining cloud-based technology and the mobility of the iPad. Revel’s POS platform offers a feature-rich POS solution for restaurant, retail and grocery establishments with integrated sales reporting, business intelligence analytics, payroll, inventory tracking, customer relationship management and more. Through Revel’s organic solutions and partnerships, Revel iPad POS users can access a full set of commerce solutions, including mobile payments, online ordering, gift or reward cards and advanced financial software suites.
For data, background and forecasts on Revel Systems: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).