Revel Systems, a San Francisco, CA-based iPad Point of Sale (POS) platform, raised an additional $13.5M in Series C-3 funding round.
ROTH Capital Partners made the investment, which represented a follow-up to the Series C-1 round led by Welsh, Carson, Anderson & Stowe (WCAS) in November 2014 and Series C-2 round led by Intuit in December 2014.
This brought Revel’s Series C round to approximately $110M.
The company intends to use the funds to further accelerate its global expansion and to support large enterprise engagements within both existing and new verticals.
Founded in 2010 by Lisa Falzone, CEO, and and Chris Ciabarra, Revel provides an iPad POS platform that enables SMBs, franchise operators and enterprises to access a full suite of enterprise-grade operations and reporting features to manage and grow their businesses.
Revel’s platform, which 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, is being deployed in tens of thousands of locations across the United States and internationally.