Revela – a leading property management solution – recently announced that it has raised a $9 million Series A funding round to expand its product suite and meet the evolving needs of the real estate and property management industry. FirstMark Capital led the funding round, with additional participation from Detroit Venture Partners, MetaProp, and Assurant Ventures.
This funding round marks Revela’s inaugural fundraising initiative since its founding. And as a fully bootstrapped company, Revela has doubled its revenue each year for the past three years and maintained profitability despite market challenges.
The funding round validates Revela’s differentiated and proprietary solution that fills a clear gap in the market for owners and property managers. And Revela offers the only comprehensive software solution in the space with a comprehensive API system, making the platform uniquely positioned to handle the complex and essential needs of the industry.
The funding round will be used to strengthen existing operations and establish a unique banking-as-a-service platform and other financial products, making Revela the first and only property management software to offer lending capabilities embedded directly in the platform.
KEY QUOTES:
“Building our platform over the past decade allowed us to deeply understand the needs of our early customers and revealed an industry-wide hunger for accessible capital. With this funding, we’re poised to provide essential liquidity into a traditionally illiquid market, ensuring owners get quick access to capital when they need it most – a pledge with the power to create a monumental impact.”
— Grant Drzyzga, Founder and CEO of Revela
“Revela’s robust API has empowered us to rethink how we leverage data and how we want to share that data with our clients. Offering extensive insights into nearly every part of our clients’ operations has proven invaluable to powering their growth.”
— William Dickson, President of Marketplace Homes and customer of Revela
“We’re looking forward to supporting Revela’s growth as they shape the future of the industry. By adding embedded fintech capabilities, Revela is breaking down the traditional barriers between capital and core business operations, and, in turn, creating a more valuable product to all stakeholders in the ecosystem with a fundamentally superior business model.”
— Adam Nelson, Partner at FirstMark
