Revel Systems Raises $10.1M in Capital

Revel Systems, a San Francisco, CA-based provider of iPad point-of-sale (POS) systems, raised $10.1m in capital.

Backers included two private investors based in Asia-Pacific:
Tim Tighe, former CEO of Hungry Jack’s (Australia’s Burger King master franchisee) and senior vice president of McDonald’s Southeast Asia, has invested and will join the company’s Advisory Board.
Sean Tomlinson, an entrepreneur and company director in Asia and Australia, who joined Revel’s Board of Directors.

The company intends to use the funds to expand its sales and servicing capacity and grow nationwide and abroad, opening offices in Asia and Europe. The company also plans to begin construction of a new distribution center for iPad POS hardware on the West Coast, in addition to its existing location in Orlando, Florida.

Founded in 2010 by Lisa Falzone, CEO, and Chris Ciabarra, Revel Systems provides a iOS-based point-of-sale solution  for restaurant, grocery and retail businesses, which integrates payroll, inventory tracking, customer relationship management, etc. The Revel Marketplace allows POS users to integrate directly into third-party enhancements, such as mobile payments, online ordering, gift or reward cards and advanced financial software suites.



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