Revela, a Detroit-headquartered property management software provider, has raised a $9 million Series A funding round.
This marks Revela’s inaugural fundraising initiative since its founding. The company said the newly-raised funds will be used to strengthen existing operations and establish a banking-as-a-service platform and other financial products.
FirstMark Capital led the round, with additional participation from Detroit Venture Partners, MetaProp, and Assurant Ventures.
“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,” said 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.”
