Total amount raised
$189.6 Millions
Latest funding date
01/01/2021
Location
Revel Systems has successfully raised funds through multiple rounds, culminating in a Private Equity round on January 20, 2021. The company was eventually acquired by Shift4 Payments for $250 million on June 14, 2024.
With a total of nine investors backing its journey, Revel Systems has established itself as a significant player in the cloud-based POS and business management platform market. Keep reading to explore the intricacies of Revel Systems' fundraising journey and the investors supporting this innovative platform.
What Is Revel Systems?
Revel Systems, founded in 2010 by Christopher Ciabarra and Lisa Falzone, is a cloud-based point of sale (POS) and business management platform. Headquartered in Atlanta, Georgia, the company serves industries such as Enterprise Resource Planning (ERP), SaaS, and software.
With an employee count ranging from 501 to 1000, Revel Systems offers iOS-based POS platforms that integrate inventory management, employee management, and sales reporting. This enables businesses to improve customer experience, diversify revenue streams, and scale operations effectively.
How Much Funding Has Revel Systems Raised?
- Series A
- Amount Raised: $3.7M
- Date: May 2011
- Lead Investors: DCM Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong market presence and develop the initial product offering.
- Series B
- Amount Raised: $10.1M
- Date: June 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product features.
- Series C
- Amount Raised: $100M
- Date: November 2014
- Lead Investors: Welsh Carson Anderson & Stowe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate growth.
- Grant
- Amount Raised: $1.2M
- Date: December 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support specific projects and initiatives.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel further innovation and market expansion.
- Series C
- Amount Raised: $13.5M
- Date: August 2015
- Lead Investors: ROTH Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand into new markets.
- Private Equity Round
- Amount Raised: $35M
- Date: February 2017
- Lead Investors: Welsh Carson Anderson & Stowe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth initiatives and technological advancements.
- Private Equity Round
- Amount Raised: $5.3M
- Date: July 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enhancing product capabilities.
- Private Equity Round
- Amount Raised: $20.8M
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and drive innovation.
- 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 market opportunities and enhance product offerings.
Total Amount Raised: $189.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Welsh Carson Anderson & Stowe (WCAS)
- Details: WCAS is a leading U.S. private equity firm founded in 1979. They focus on partnering with management teams to build value through operational improvements and strategic acquisitions.
- 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 are known for their expertise in raising capital for growth companies.
- Investment Focus Areas: Technology, healthcare, consumer products.
- 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, Beijing, and Tokyo.
- Investment Focus Areas: Technology, mobile, consumer internet.
- Notable Investments: Not publicly disclosed.
What's Next for Revel Systems?
Revel Systems stands at the cusp of significant growth, driven by the increasing adoption of cloud-based business solutions and the shift towards digital and contactless environments. With substantial financial backing, the company is poised to accelerate innovation, enhance support functions, and expand its sales and marketing reach. These opportunities could significantly bolster its market presence and client base, particularly among national brands.
Future fundraising opportunities appear promising, given the involvement of major investors like Welsh, Carson, Anderson & Stowe. This financial support could pave the way for additional investments or strategic acquisitions, further strengthening Revel Systems' market position. However, the company must navigate challenges such as the ongoing impacts of the global pandemic and maintaining cash flow positivity while investing in growth and innovation.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Revel Systems and gather other critical business insights.
Sign up for free to start exploring the wealth of information available at your fingertips and drive your sales success.
