
Revela, a real estate software and technology firm based in Detroit, has raised $9 million from a round of Series A funding. This is part of the company’s efforts to expand its product suite and meet the evolving needs of the real estate and property management industry.
FirstMark Capital led the round, with additional participation from Dan Gilbert’s Detroit Venture Partners, MetaProp, and Assurant Ventures. This marks Revela’s inaugural fundraising initiative since its founding. As a fully bootstrapped company, Revela has been able to double its revenue each year for the past three years and maintained profitability despite market challenges.
This funding round helps Revela’s proprietary system that is designed to fill a gap in the market for owners and property managers. Revela says it offers the only comprehensive software solution in the space with a comprehensive API system, making the platform well positioned to handle the complex and essential needs of the industry.
“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,” says Grant Drzyzga, founder and CEO of Revela. “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.”
The funds will be used to strengthen existing operations and establish a unique banking-as-a-service platform and other financial products, making Revela the only property management software to offer lending capabilities embedded directly in the platform.
“Revela’s robust API has empowered us to rethink how we leverage data and how we want to share that data with our clients,” said William Dickson, president of Marketplace Homes and a customer of Revela. “Offering extensive insights into nearly every part of our clients’ operations has proven invaluable to powering their growth.”