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Venture Capital
revelpartners.com

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Investments

54

Portfolio Exits

11

Funds

2

About Revel Partners

Revel Partners is an early-expansion stage investment group focused on financing digital media & internet technology companies. The bulk of Revel Partners' investments occur at the early-expansion stage, where a company has gotten some initial sales traction but needs a capital infusion to accelerate adoption & product development. Revel generally looks for businesses that generate at least $1.0 million in annual revenues.Revel Partners' typical initial investment ranges from $0.5 to $3.0 million, and they usually lead or co-lead the investment rounds and always take board seats

Revel Partners Headquarter Location

250 Hudson Street 4th Floor

New York, New York, 10013,

United States

646-710-3607

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Latest Revel Partners News

Backflip Announces $35 Million in Funding to Support Entrepreneurs Reinvigorating the Housing Supply

May 10, 2022

Fintech startup provides an app with data, tools, and funding for real estate entrepreneurs Backflip, a real estate and fintech startup improving how entrepreneurs invest in residential properties, announces an $8 million equity seed round co-led by Vertical Venture Partners (VVP) and LiveOak Venture Partners (LiveOak) with participation from Revel Partners, Great Oaks VC, and Greg Waldorf, former founding investor and Board Member at Trulia and Zillow. The funds will be used to expand Backflip’s product development team and accelerate its 2022 public launch in Texas and Colorado. Additionally, the company secured $27 million of dedicated debt funding. “We have a major housing problem. It won’t be solved by Government-led top-down approaches, or by large corporations like Blackstone, Lennar, and Opendoor” Backflip helps solve America’s undeniable housing shortage and catalyzes the much-needed rejuvenation of aging homes. Over 60 million houses (75% of all homes) were built over 30 years ago and require creative updating to meet the ever-changing needs of modern Americans. Backflip’s founders believe local entrepreneurs, rather than Wall Street institutions, are best positioned to restore and modernize neighborhoods in a way that maintains their charm and authenticity. Backflip is building an end-to-end platform that up-levels individual real estate investors with purpose-built technology and capital products to source, analyze and finance residential real estate investments. Backflip’s app includes property insights, data, education, and community, paired with innovative capital solutions that are more flexible and faster than banks, and more desirable than private capital or hard money. “We have a major housing problem. It won’t be solved by Government-led top-down approaches, or by large corporations like Blackstone, Lennar, and Opendoor,” said Josh Ernst , founder and CEO of Backflip. “Instead, following the Shopify platform model, we need to let entrepreneurs do what they do best – be creators. Backflip helps them make better investment decisions along the way, and to improve outcomes while reducing risk. By partnering with VVP and LiveOak, we can accelerate the rewarding journey of raising the standards of what is possible for our members and make a positive contribution to the world: creating desirable housing.” Since launching a private beta in 2021, Backflip’s members have used the app to analyze approximately $2 billion of investment properties. Additionally, Backflip Capital has funded tens of millions of loans for its members to acquire and renovate homes. The company is initially operating in Dallas and Denver. However, Backflip embraces a distributed workplace model and has employees spanning from New York to Napa, CA. “We are hyper-focused on attracting top-tier talent motivated by our mission, regardless of where they choose to call home,” said Jake Rome , Backflip’s co-founder and COO. Krishna Srinivasan , LiveOak’s founding partner, is joining Backflip’s board of directors along with Brad Corona, Managing Director at VVP. “LiveOak is extremely bullish on residential Fintech as evidenced by our role as the first institutional investor in leaders such as Homeward, Opcity, and OJO. As such, we recognize immense opportunity in targeting the underserved “real estate entrepreneur” segment with tools, analytics and creative capital solutions,” said Srinivasan. “Backflip with the combination of founders with tremendous domain expertise, broad technology solutions and a powerful business model is uniquely qualified to be the leader in this exciting category.” “Real estate entrepreneurs looking to finance “fix & flip” and “rehab & rent” projects overwhelmingly rely on private capital solutions rather than conventional residential lending products. The market for private capital is enormous, yet opaque, hard to navigate, and lacking an end-to-end, digitized consumer experience. The single-family residential investment sector is ripe for Backflip’s unique offering,” added Corona.

Revel Partners Investments

54 Investments

Revel Partners has made 54 investments. Their latest investment was in Bliq as part of their Series A on May 5, 2022.

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Revel Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/11/2022

Series A

Bliq

$13.5M

Yes

5

5/6/2022

Seed VC

Backflip

$8M

Yes

7

1/11/2022

Series B

AcreTrader

$40M

No

14

12/16/2021

Series A

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$99M

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10

7/28/2021

Series B

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$99M

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10

Date

5/11/2022

5/6/2022

1/11/2022

12/16/2021

7/28/2021

Round

Series A

Seed VC

Series B

Series A

Series B

Company

Bliq

Backflip

AcreTrader

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Amount

$13.5M

$8M

$40M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

5

7

14

10

10

Revel Partners Portfolio Exits

11 Portfolio Exits

Revel Partners has 11 portfolio exits. Their latest portfolio exit was Zype on April 12, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/12/2022

Acquired

1

9/30/2021

Acquired

1

3/17/2021

Acquired

5

12/17/2020

Acquired

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10

3/19/2020

Acquired

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10

Date

4/12/2022

9/30/2021

3/17/2021

12/17/2020

3/19/2020

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

Acquirer

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Sources

1

1

5

10

10

Revel Partners Fund History

2 Fund Histories

Revel Partners has 2 funds, including Revel Venture Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/21/2016

Revel Venture Fund II

Early-Stage Venture Capital

Open

$20.64M

2

12/31/2011

Revel Venture Fund I

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$99M

10

Closing Date

7/21/2016

12/31/2011

Fund

Revel Venture Fund II

Revel Venture Fund I

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$20.64M

$99M

Sources

2

10

Revel Partners Team

3 Team Members

Revel Partners has 3 team members, including current Managing Partner, Charles Francois Kemper.

Name

Work History

Title

Status

Charles Francois Kemper

Managing Partner

Current

Joe Apprendi

General Partner

Current

Chris Young

General Partner

Current

Name

Charles Francois Kemper

Joe Apprendi

Chris Young

Work History

Title

Managing Partner

General Partner

General Partner

Status

Current

Current

Current

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