Companies · Software / Tech

Revel Systems, Inc.

Atlanta · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Revel Systems, Inc. — recommendation, valuation, rhythm, risks.
$91.3M
Total raised · real
5
Rounds
1.0×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Wed Jan 13 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Revel Systems, Inc. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.71× the median modeled value of Series B Software / Tech companies in 2019–2021 (142 peers) — value vs value, same stage and era.
  • Within the normal band (71% of peer median) for its niche.
Dormant
  • Last raise 5.5 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Software / Tech

Revel Systems, Inc. is one of 3920 Software / Tech companies tracked from Atlanta. By capital raised it ranks among the largest (ahead of 95% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
8
Investors (latest)
2021-01-13
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries B · 2017-02-03 Raised $35M (real) Modeled valuation $1.1B (est)Series B2017Series B · 2018-07-02 Raised $5.3M (real) Modeled valuation $162M (est)Series B2018Series A · 2018-09-01 Raised $15M (real) Modeled valuation $412M (est)Series A2018Series A · 2018-09-01 Raised $12M (real) Modeled valuation $319M (est)Series A2018Series A · 2018-09-01 Raised $10M (real) Modeled valuation $280M (est)Series A2018Series A · 2018-09-01 Raised $13M (real) Modeled valuation $363M (est)Series A2018Series B · 2018-09-01 Raised $15M (real) Modeled valuation $452M (est)Series B2018Seed · 2018-09-01 Raised $4.0M (real) Modeled valuation $135M (est)Seed2018Series B · 2018-10-22 Raised $21M (real) Modeled valuation $634M (est)Series B2018Series B · 2021-01-13 Raised $15M (real) Modeled valuation $387M (est)Series B2021Series B · 2021-01-13 Raised $15M (real) Modeled valuation $384M (est)Series B2021Cumulative $160M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$35.0M · 2017
Series B extension$5.3M · 2018
Bridge · Series B-stage$14.8M · 2018smaller follow-on
Bridge · Series B-stage$11.5M · 2018smaller follow-on
Bridge · Series B-stage$10.1M · 2018smaller follow-on
Bridge · Series B-stage$13.1M · 2018smaller follow-on
Series B extension$14.8M · 2018
Bridge · Series B-stage$4.0M · 2018smaller follow-on
Series B extension$20.8M · 2018
Series B extension$15.3M · 2021
Series B extension$15.2M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$386.8M
Base estimate est.
$37.6M
Conservative case
$1.3B
Upside case
$85.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series B · modeled $1.1B · 2017-02-032017Series B · modeled $161.5M · 2018-07-02Series A · modeled $411.8M · 2018-09-01Series A · modeled $319.3M · 2018-09-01Series A · modeled $280.3M · 2018-09-01Series A · modeled $362.7M · 2018-09-01Series B · modeled $452.1M · 2018-09-01Seed · modeled $135.0M · 2018-09-01Series B · modeled $633.6M · 2018-10-22Series B · modeled $386.8M · 2021-01-13Series B · modeled $383.9M · 2021-01-132021
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
5.5 yr
Elapsed time used
5.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$23.2M/yr
Capital velocity
9.4 yr
On record since
2017
First round
11
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 20× above median
This company$91.3M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.8× of median
This company$15.2M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$386.8M
Sector median$36.6M

Raised more than 95% of sector peers (real $). Modeled value above 89% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #106 of 142.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Trackonomy Systems, Inc. · Series B Raised $49.2M · modeled $1.2B (est)Tray.IO Inc. · Series B Raised $59.3M · modeled $1.1B (est)Unravel Data Systems, Inc. · Series B Raised $56.2M · modeled $1.1B (est)Salus Labs, Inc. · Series B Raised $35.0M · modeled $1.1B (est)Anchor Labs, Inc. · Series B Raised $33.7M · modeled $1.0B (est)Compound Labs, Inc. · Series B Raised $41.8M · modeled $1.0B (est)Mode Analytics, Inc. · Series B Raised $72.3M · modeled $996.8M (est)Cleo Labs, Inc · Series B Raised $84.7M · modeled $958.4M (est)Bevy Labs, Inc. · Series B Raised $55.0M · modeled $956.5M (est)Temperpack Technologies Inc. · Series B Raised $79.9M · modeled $940.4M (est)Hound Labs, Inc. · Series B Raised $49.2M · modeled $933.9M (est)Cloud Elements, Inc. · Series B Raised $60.2M · modeled $913.7M (est)Revel Systems, Inc. (this company) Raised $91.3M · modeled $386.8M (est)Revel Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Trackonomy Systems, Inc.Series B$49.2M$1.2B2.16×
Tray.IO Inc.Series B$59.3M$1.1B2.06×
Unravel Data Systems, Inc.Series B$56.2M$1.1B1.95×
Salus Labs, Inc.Series B$35.0M$1.1B1.95×
Anchor Labs, Inc.Series B$33.7M$1.0B1.88×
Compound Labs, Inc.Series B$41.8M$1.0B1.84×
Mode Analytics, Inc.Series B$72.3M$996.8M1.83×
Cleo Labs, IncSeries B$84.7M$958.4M1.76×
Bevy Labs, Inc.Series B$55.0M$956.5M1.75×
Temperpack Technologies Inc.Series B$79.9M$940.4M1.72×
Hound Labs, Inc.Series B$49.2M$933.9M1.71×
Cloud Elements, Inc.Series B$60.2M$913.7M1.67×
Revel Systems, Inc. this companySeries B$91.3M$386.8M0.71×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$35.0M2017-02-03$194.4M$1.1B90%
Series B$5.3M2018-07-02$29.5M$161.5M90%
Series A$14.8M2018-09-01$67.5M$411.8M90%
Series A$11.5M2018-09-01$52.3M$319.3M90%
Series A$10.1M2018-09-01$45.9M$280.3M90%
Series A$13.1M2018-09-01$59.4M$362.7M90%
Series B$14.8M2018-09-01$82.5M$452.1M90%
Seed$4.0M2018-09-01$19.8M$135.0M90%
Series B$20.8M2018-10-22$115.6M$633.6M90%
Series B$15.3M2021-01-13$85.1M$386.8M90%
Series B$15.2M2021-01-13$84.5M$383.9M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$35.0M2017-02-03
    • First recorded raise — entered as Series B.
    • 10 investors on this round.
  2. Series B$5.3M2018-07-02
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 6.6× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Series A$14.8M2018-09-01
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 75 investors on this round.
  4. Series A$11.5M2018-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 48 investors on this round.
  5. Series A$10.1M2018-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 22 investors on this round.
  6. Series A$13.1M2018-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 58 investors on this round.
  7. Series B$14.8M2018-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 75 investors on this round.
  8. Seed$4.0M2018-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  9. Series B$20.8M2018-10-22
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 5.2× larger than the prior — scaling up.
    • 8 investors on this round.
  10. Series B$15.3M2021-01-13
    • Raised again after 27 mo — slower than the ~13 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 15 investors on this round.
  11. Series B$15.2M2021-01-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
Intelligence
2021 ~Q2
Modeled next raise · ~5mo cadence
$15.2M
Modeled next size est.range $15.2M$24.3M
1.0×
Last step-up
$23.2M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Ian MacLeod2 other2018-07
Eric Lee1 other2017-02
Scott Betts1 other2017-02
Aaron Deutsch2018-09
Anthony De Nicola2017-02
Christian Heim2018-07
Daniel Madden2018-07
Erick Kobres2018-07
Gregg Shoonover2018-07
Gregory Dukat2018-07
Joshua Boyer2018-09
Michael Kang2017-02
Tracy Caswell2018-07
Registry & provenance

Revel Systems, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1698191
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
D-Wave Systems Inc.Software / TechSeries B$90.4M$242.0Msame sector · same stage
Fallbrook Technologies Inc.Software / TechSeries B$95.4M$243.6Msame sector · same stage
Unchained LabsSoftware / TechSeries B$86.0M$517.4Msame sector · same stage
Coder Technologies, Inc.Software / TechSeries B$85.2M$264.5Msame sector · same stage
Avalanche Technology IncSoftware / TechSeries B$98.0M$281.6Msame sector · same stage
InfoWorks.io, Inc.Software / TechSeries B$83.9M$478.0Msame sector · same stage
Evolv Technologies, Inc.Software / TechSeries B$76.1M$363.9Msame sector · same stage
Rasa Technologies Inc.Software / TechSeries B$70.2M$274.0Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Revir Technologies, Inc.Software / TechSeed$16.5M90%
Reve Labs Inc.Software / TechSeed$2.3M89%
ReVert Technologies, Inc.Software / TechSeed$6.6M89%
Revenant Technologies Inc.Software / TechSeries A$13.2M88%
REvolve Solutions, Inc.Other TechnologySeed$24.6M88%
Revolv Global IncOther TechnologyPre-Seed$11.0M87%
RevUp Software Inc.Software / TechSeries A$159.3M87%
Revvo Technologies, Inc.Software / TechSeries A$67.1M86%
Frequently asked
How much funding has Revel Systems, Inc. raised?
Revel Systems, Inc. has raised approximately $91.3M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Revel Systems, Inc.'s estimated valuation?
Provath's modeled valuation for Revel Systems, Inc. is approximately $386.8M (modeled range $37.6M–$1.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Revel Systems, Inc. at?
Revel Systems, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Jan 13.
What does Revel Systems, Inc. do and where is it based?
Revel Systems, Inc. operates in the Software / Tech sector, based in Atlanta.
Explore related

See where Revel Systems, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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