Revel Systems, a cloud-based iPad point-of-sale system for restaurants and retailers, reported raising $15.2 million in a U.S. Securities and Exchange Commission filing.
Revel Systems, founded in 2010 and led by CEO Greg Dukat, has offices in Atlanta, San Francisco and Lithuania and supplies more than 20,000 businesses with POS systems.
Welsh, Carson, Anderson and Stowe, Intuit, Rothenberg Ventures and Sean Tomlinson are current investors, according to Revel's website. The company didn't immediately respond for request to comment.
Auntie Anne’s, Cinnabon, Carvel and Moe’s Southwest Grill restaurants, which fall under the umbrella of parent company and prominent Atlanta franchiser Focus Brands, use Revel Systems.
The company has focused on innovating its POS system and platform because of the pandemic, according to blog posts. Revel Systems has a pickup order platform, which includes food ready times, order status updates and directions, and accepts contactless payments.
In 2020, Revel Systems also launched Online Ordering XT, a mobile interface that allows customers to order online and keeps that data for the restaurant, and Delivery XT, a suite of apps that manages drivers, assignments and directions.
Revel Systems has more than 400 employees, according to LinkedIn.
It reported raising $11.5 million in September, $20.8 million in 2019, $9.2 million in 2018 and $34.9 million in 2017, according to SEC filings.
