Assertion Supported AI assessment confidence: 90% certainty 4/5 debate potential 1/5

Johnson: Revi has raised $4 million to date across pre-seed and seed rounds

Eugene Johnson · POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers · Feb 6, 2022 · at 11:02

Eugene Johnson is the founder and CEO of restaurant POS platform Revi, breaking down the company's fundraising timeline.

0:00 / 0:08exact quote · 8.1s

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“So we raised A pre-seed of about a million and then a seed round of about two million. What year? About four million dollars to date.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Revi has raised approximately $4 million in total funding to date, including a $1 million pre-seed round and a $2 million seed round.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Eugene Johnson's claim that Revi had raised approximately $4 million in total funding to date (as of February 2022), including an approximate $1 million pre-seed round and a $2 million seed round, is corroborated by public filings and press releases. In December 2020, Revi (operating under ZYRL CO.) announced a $2 million Seed round led by Ubiquity Ventures. Pre-seed/early-stage records from Wellfound and GetLatka document an earlier round of roughly $900,000 to $1 million, and 2020 SEC Form D filings for ZYRL CO. reflect a $3.5 million equity offering. Combined venture databases placed cumulative funding as of early 2022 between $3.0 million and $4.0 million.

PR Newswire (Dec 17, 2020) confirmed Revi raised a $2 million Seed round led by Ubiquity Ventures.
Wellfound and GetLatka records confirm a prior pre-seed round of approximately $0.9M to $1.0M raised in 2019.
SEC Form D filings in August and October 2020 for ZYRL CO. (CIK 0001699238) showed an equity offering amount of $3.5 million, supporting the ~ $4 million cumulative total as of February 2022.

Checked against

[1] prnewswire.com [2] sec.gov [3] businessinsider.com [4] tracxn.com [5] getlatka.com [6] wellfound.com [7] tracxn.com [8] sec.gov

"ZYRL CO." "0001699238" "Total Offering Amount" OR "Total Amount Sold" "0001699238" "Form D" OR "ZYRL CO." "Eugene Johnson" "Revi" seed OR "pre-seed" OR funding OR SEC "Revi" Eugene Johnson funding site:sec.gov "Zyrl" OR "Revi Technologies" OR "Revi, Inc." "ZYRL CO." "Form D" 2020 OR 2019 OR 2018 OR 2021 "Zyrl" "Form D" "Johnson" sec.gov "ZYRL CO." "Precursor Ventures" OR "Ubiquity" OR "Designer Fund"

assessed as of 2026-09-02

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Mentioned

Eugene Johnson Revi

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More from Eugene Johnson

Assertion Not checkable as stated

Johnson: Revi hardware costs $500 and pays back in 3-4 months

“It costs us about 500 bucks to purchase all the hardware. We usually make our money back within, you know, three or four months.”

Eugene Johnson Feb 6, 2022 ▶ 3:38 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Disclosure

Eugene Johnson: Revi grew GMV from $2M in 2019 to $15M in 2021

“So to put it in perspective, in 2019, we did two million dollars in GMV. In 2020, we did five. This year we're on track to do 15.”

Eugene Johnson Feb 6, 2022 ▶ 9:52 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Disclosure

Johnson: Revi charges merchants a transaction fee of around 1%

“It depends on their volume, but it's usually around one percent.”

Eugene Johnson Feb 6, 2022 ▶ 3:19 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Assertion Not checkable as stated

Johnson: Revi earns a sweet spot of $1,000 monthly per merchant

“I would say a thousand is a sweet spot, you know, that's probably where most people land.”

Eugene Johnson Feb 6, 2022 ▶ 5:52 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Assertion Not checkable as stated

Johnson: Revi hit $1M+ ARR, growing 3x from $300K a year prior

“We've grown three X since the, since last year. So we were about 300,000 dollars a year in revenue a year ago.”

Eugene Johnson Feb 6, 2022 ▶ 7:51 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Disclosure

Johnson: Revi grows Gross Merchandise Value by 10% to 15% month-over-month

“So, you know, basically we grow about 15, you know, 10 to 15% month over month.”

Eugene Johnson Feb 6, 2022 ▶ 9:44 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Johnson: Revi has raised $4 million to date across pre-seed and seed rounds

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