Revel Partners Raises $20.64M in First Close of Second Venture Capital Fund

Revel Partners, a NYC- and Dusseldorf, Germany-based early-stage venture capital firm, raised $20.64m in the first close of its second fund.

Per an SEC filing, Revel Venture Fund II, LP, has been supported by 21 investors. The final target of the fund is $50m.

Chris Young, Thomas Falk, John Vincent, Joe Apprendi, Joshua Enrst, Marcos Martinez-Villalba, and Ryan Isono, Revel Partners is an early-stage venture capital firm focused on financing enterprise and B2B software startups based in United States & Western Europe and developing AI & Machine Learning, business intelligence, martech and digital video solutions.
The firm invests at post-revenue Seed to Series A stage, where a company has gotten some initial sales traction but needs a capital infusion to accelerate adoption, product development & grow the team.
The typical initial investment ranges from $500k to $3m with Revel usually leading investment rounds and taking a board seat.

FinSMEs

31/07/2017

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