This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Revel Systems Secures $10.1 Million In Series B Funding To Aid IPad Point-of-Sale Expansion

SAN FRANCISCO, June 26, 2013 /PRNewswire/ -- Revel Systems (, the leader in iPad point-of-sale (POS) systems for restaurant, grocery and retail businesses, today announced it has secured $10.1 million in expansion capital. This new round of funding will support the ongoing international and domestic expansion of the Revel System's iPad POS software, as well as including new offices in Asia and Europe. Headcount is also set to increase massively in line with the exponential growth the company has achieved since its inception in 2010.


Funding has come from 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. Cornerstone investment has come from Sean Tomlinson, a seasoned entrepreneur and company director in Asia and Australia, who joins Revel's Board of Directors. Both Tighe and Tomlinson will be essential in assisting Revel's iPad POS system expansion into the Asian region.

"I am delighted to become a part of the Revel family," said Sean Tomlinson. "Through my experience in the trenches of running and operating restaurants, I've seen that iPad-based point-of-sale software is a game-changing technology that retailers and customers both love. I expect the demand for the product to continue to grow massively over the next few years as retailers and restaurateurs move away from traditional fixed systems to cloud-based networks, and Revel is the most advanced system on the market."

"Revel Systems has been the leading technology in the point-of-sale space in the U.S. for the past couple of years, so a natural move is for the company to expand into international areas, and I'm happy to bring my expertise to the table," said Tim Tighe. "This company is making huge strides for revolutionizing point-of-sale as we know it, and I'm looking forward to being a part of that."

The bulk of funds raised will go to increasing the company's sales and servicing capacity. With the company's revenue doubling over the past six months, Revel will immediately increase headcount at its San Francisco headquarters by 50 percent. 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.

"As Revel has continued to build upon its growth, it became increasingly important for us to be very selective in choosing who we participated with in our next round of funding – not only from an investment perspective, but also finding personalities that are a proper fit to the Revel family who share in our long-term strategy for the company," stated Lisa Falzone, CEO of Revel Systems. "Since our last round of funding, we've reached profitability and have experienced massive growth, so we had the luxury of being selective in who we brought in to the team in order to properly continue to move the business forward."

Revel Systems iPad POS System has many unique features in the market, among them the ability to operate without an Internet connection in offline mode as well as a unique suite of robust reporting, inventory, payroll, time-attendance and integration with third parties such as reward card companies, gift-cards companies, loyalty/reward companies, and ERP systems.

About Revel Systems for iPad Point-of-Sale SystemsRevel Systems was founded in 2010 in San Francisco, CA with the goal of changing the point-of-sale market. Founders Lisa Falzone and Chris Ciabarra developed a quick, intuitive and secure iOS-based point-of-sale system by combining cloud-based technology and the mobility of the iPad. Revel recently released a grocery store ready iPad POS system to add to their award-winning restaurant and retail software. Revel Systems software offers a feature-rich POS solution with integrated payroll, inventory tracking, customer relationship management and more. With the introduction of the Revel Marketplace, Revel POS users can now integrate directly into third-party enhancements, such as mobile payments, online ordering, gift or reward cards and advanced financial software suites.  For more information on the future of commerce, please visit  

Contact:  Jamie Larson512.296.9611

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Chris Ciabarra

SOURCE Revel Systems

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community


Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs