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Revel Systems, a Square Competitor, Raises $75 Million

Revel Systems, a startup that makes an iPad-based checkout system used in quick-serve restaurants and retail shops, has landed a $75 million investment. Private equity firm WCAS contributed $65 million for a minority stake in Revel, while unnamed strategic investors combined on the remaining $10 million. Revel also has the option to take on an additional $25 million from WCAS in exchange for a larger stake in the company, Revel said.

This article originally appeared on Recode.net.