Revel Touch Scoops Up $10Million in Series A Funding
Technology Innovator Eases the Pressure on Retailers and Brands
Revel Touch , a technology innovator in mobile ecommerce, has announced that they have received $10 million in Series A funding. This round of funding was led by Existing investor Foundation Capital and accompanied with additional investment from Lightspeed Venture Partners.
Charles Moldow, General Partner at Foundation Capital states: "With Revel Touch, everything is in place to create one of the Valley's next defining commerce companies.”They have a tremendous market opportunity and the team and technology to quickly exploit every advantage. We have been believers from the start, and we are very excited to reinvest as the company continues to surpass every milestone and goal."
The funding will be used to build Revel Touch's "merchandising cloud" platform that creates lush, touch-optimized shopping experiences for the tablet and smartphone. This comes at the perfect time as consumers are constantly looking for convenience and retailers and brands are under tremendous pressure to optimize the shopping experience for new channels like tablet and phone.
Revel is a technology innovator that is defining tablet commerce for retailers and consumers. Revel Touch provides a robust platform and innovative front-end to enable retailers to create immersive, touch-optimized shopping experiences that are inspiring, effective, and affordable to implement and maintain. These experiences are fully integrated with legacy systems and combine the aspirational aspects of a magazine, the immersion of rich media and the efficiency of online transactions into one.
By Lolita A. Alford