Bitcoin Acceptance

Point-of-Sale Company Revel Raises $13.5M for Asian and European Expansion

Drew Cordell | Aug 18, 2015 | 13:52

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Point-of-Sale company Revel Systems has raised $13.5M in funding from ROTH Capital Partners. Revel Systems is best known for their iPad Point-of-Sale platform. Revel’s platform allows merchants the ability to complete sales with less investment in infrastructure. Instead of purchasing a very expensive cash register and other equipment, users are able to pay easily and more important for businesses, Revel’s platform is very scalable and packed full of features that normal cash registers and other POS systems don’t have.

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Revel allows users multiple ways to pay for the goods or services that they are purchasing, including Bitcoin transactions. After the new investment from ROTH Capital Partners, the Company has brought in $113.5M in the current investment round which pushes the company’s total value at more than $500M. Financial software giant Intuit was an investor in the company’s Series C investment round.

With the additional funding, Revel is seeking to expand international markets quickly, targeting both Asian and European countries.

In a statement regarding the investment, ROTH Capital Partners managing director Gordon Fallone said:

“While looking for a strategic investment in commerce, we came to understand that Revel’s cloud-based platform is uniquely positioned to control payments and commerce, not just in physical stores but across the whole omni-channel. Revel’s POS platform is uniquely scalable, from small SMB locations with one terminal to large enterprises with high volumes and multiple terminals. We have recently seen Revel selected by industry leaders as their POS platform of choice for both SMB and enterprise applications, and we have seen the Revel platform displace Micros and NCRs in some of the largest global enterprise chains. It is unusual to find a company with huge technology leadership and no effective competitors, and Revel’s growth potential and marketing position are amazing.”