Total amount raised
$189.6 Million
Latest funding date
01/01/2021
Location
Revel Systems has successfully navigated 10 funding rounds, attracting investment from 10 different investors, including Welsh Carson Anderson & Stowe. The company has also made strategic acquisitions, such as iqPOSitive, to bolster its offerings.
Keep reading to explore the intricacies of Revel Systems' fundraising journey and the investors backing this innovative platform.
What Is Revel Systems?
Revel Systems is a cloud-based point of sale and business management platform designed to assist restaurants and retailers in managing their businesses. The company operates in various industries, including Enterprise Resource Planning (ERP), Point of Sale, SaaS, and Software.
Founded in Atlanta, Georgia, Revel Systems employs between 501 and 1000 people. The company has been acquired by Shift4 Payments and continues to provide first-class customer support to its merchants.
How Much Funding Has Revel Systems Raised?
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Welsh Carson Anderson & Stowe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To capitalize on rapid technology transformation, accelerate innovation, enhance support functions, and expand sales and marketing reach.
- Private Equity Round
- Amount Raised: USD 20,803,977
- Date: January 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and develop new technologies.
- Private Equity Round
- Amount Raised: USD 5,304,010
- Date: July 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enter new markets and enhance product offerings.
- Private Equity Round
- Amount Raised: USD 34,999,998
- Date: February 2017
- Lead Investors: Welsh Carson Anderson & Stowe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and technological advancements.
- Series C Round
- Amount Raised: USD 13,500,000
- Date: August 2015
- Lead Investors: ROTH Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve customer support.
- Series C Round
- Amount Raised: Not publicly disclosed
- Date: January 2015
- Lead Investors: Intuit
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and market expansion.
- Grant
- Amount Raised: USD 1,200,000
- Date: December 2014
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development initiatives.
- Series C Round
- Amount Raised: USD 100,000,000
- Date: November 2014
- Lead Investors: Welsh Carson Anderson & Stowe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities.
- Series B Round
- Amount Raised: USD 10,100,000
- Date: June 2013
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and improve product features.
- Series A Round
- Amount Raised: USD 3,700,000
- Date: May 2011
- Lead Investors: DCM Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and establish initial market presence.
Total Amount Raised: USD 189,607,985. Current Valuation: Not publicly disclosed.
Key Investors
- Welsh Carson Anderson & Stowe
- Details: Welsh Carson Anderson & Stowe (WCAS) is a leading U.S. private equity firm founded in 1979. They focus on technology and healthcare industries and have managed over $27 billion in committed capital.
- Investment Focus Areas: Technology, Healthcare
- Notable Investments: Not publicly disclosed
- ROTH Capital Partners
- Details: ROTH Capital Partners is an investment banking firm that provides strategic and financial advisory services. They specialize in raising capital for growth companies.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Not publicly disclosed
- Intuit
- Details: Intuit is a global technology company that develops financial and business management software. They are known for products like QuickBooks, TurboTax, and Mint.
- Investment Focus Areas: Financial Technology, Software, Business Management
- Notable Investments: Not publicly disclosed
- DCM Ventures
- Details: DCM Ventures is a venture capital firm that invests in early-stage technology companies. They have a global presence with offices in Silicon Valley, Tokyo, and Beijing.
- Investment Focus Areas: Technology, Consumer Internet, Mobile
- Notable Investments: Not publicly disclosed
What's Next for Revel Systems?
Revel Systems stands at the cusp of significant growth opportunities. With the backing of Welsh Carson Anderson & Stowe, the company is poised to accelerate innovation and expand its market reach. The increasing adoption of cloud-based and contactless solutions in the restaurant and retail sectors presents a fertile ground for Revel to introduce new products and enhance its support functions.
Future fundraising efforts could be bolstered by showcasing successful partnerships and market expansions. The involvement of a major private equity firm suggests potential for additional investments and strategic acquisitions to further strengthen Revel's market position. However, the company must navigate challenges such as intense competition and the ongoing impacts of the global pandemic on its core markets.
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