Revel Systems, the leading iPad Point of Sale (POS) platform and one of our clients at Communiqué PR, recently closed a $100 million Series C financing round to bolster support and operations. The round includes an initial $65 million investment from Welsh, Carson, Anderson & Stowe (WCAS), a New York-based private equity firm, with an additional $25 million equity line available from WCAS.
The most comprehensive iPad POS platform in the industry, Revel provides food service, retail SMBs and franchise operators access to a full suite of enterprise-grade operations and reporting features to help them grow their businesses. Revel’s end-to-end commerce platform is scalable, from single location SMBs to enterprises with thousands of locations, and is designed to move commerce data seamlessly through open APIs.
The funding positions Revel to meet the fast-growing sales and high demand for its platform. Revel recently launched the world’s largest iPad POS deployment with installations at 700+ Smoothie King locations and serves large and multi-chain grocery, retail and restaurant establishments including Dairy Queen, Goodwill and many more.
“We’re very excited to welcome WCAS as an investor and Sanjay [Swani] to our Board of Directors. We couldn’t have picked a better partner to launch Revel into the next phase of growth,” shared Lisa Falzone, Revel co-founder and CEO. “Their deep investment expertise in the B2B services and payments industries, plus their proven track record for fueling company growth, will help us further cement Revel as the industry standard POS solution for both small businesses and enterprise customers. Our industry leadership and strategic position in the commerce space have allowed us to attract a top investor and have helped us achieve what appears to be the highest valuation in our industry.”
Revel’s funding announcement garnered significant coverage in business press, including The New York Times’ Dealbook, Bloomberg BusinessWeek, Forbes and more. Together with SSPR, we secured the following coverage for Revel’s funding news:
- Bloomberg—Revel Systems Gets $100 Million as Payments Firm Eyes IPO
- Bloomberg BusinessWeek–Revel Systems Gets $100 Million as Payments Firm Eyes IPO
- TechCrunch—Revel Systems Raises $100M To Grow Its iPad Point-Of-Sale Business, Sets Sights On IPO
- VentureBeat—Revel lands a whopping $100M to put another nail in cash registers’ coffins
- Fortune—Term Sheet — Tuesday, November 11
- BRW—Revel Systems takes $115.7m investment, vaulting entrepreneur Sean Tomlinson into Young Rich league
- CNBC—Revel Systems gets $90 million-plus in funding
- CNET—Revel raises $100M in bid to remake the cash register
- Dow Jones—Revel Systems Raises $100M for Pay System at Valuation More Than $400M
- Entrepreneurship Weekly—Revel Systems Raises $100M To Grow Its iPad Point-Of-Sale Business, Sets Sights On IPO
- Forbes—With $100 Million In New Funds, Revel Systems Keeps Fighting For Point Of Sale
- GigaOm—iPad Cash Register Maker Revel Raises $100M
- Mashable—Revel Systems raises $100 million to replace cash registers with iPads
- New York Times Deal Book—Welsh Carson Leads $100 Million Investment in Revel Systems
- Payment Eye—Revel Systems secures $100m in Series C funding
- FinSMEs—REVEL SYSTEMS SECURES $100M IN SERIES C FUNDING
- FinSMEs—REVEL SYSTEMS, INTERVIEW WITH LISA FALZONE FOLLOWING $100M SERIES C ROUND
- Re/code—Revel Systems, a Square Competitor, Raises $75 Million
- Silicon Valley Business Journal—Retail payment systems startup Revel raises $100M
- Street Fight—Street Fight Daily: Revel Raises $100M, Groupon Splits App
- TabTimes—iPad point-of-sale platform Revel Systems rings up $100 million in funding
- Vactor News—POS solution Revel raises $100M in Series C funding
- Silicon Tap—Revel Systems Gets $100M
- PEHUB—Revel Systems raised about $100 mln from Welsh Carson, others
- Upstart Business Journal—The Pipeline: A hurge round for Revel, Google gets its own airfield, and Pandora’s founder angers the neighbors
- Finextra—Ipad POS outfit Revel Systems scores $100m in funding
- ZDNet—Revel Systems $100m funding round sees Australian expansion
- Retail Drive—POS startup Revel Systems raises $100M in new funds
- Vertical Systems Reseller—Revel Systems Secures $100 Million in Funding, Company’s Goal Is To Go Public
- Financial News—Welsh Carson/Revel Systems
- JDN—Revel Systems lève 100 millions de dollars
- ITWire—Revel secures US$100m in funding to support sales growth