Revel Partners raises $20.6 mln toward $50 mln second fund

Revel Partners has raised $20.64 million of a targeted $50 million second fund, according to a filing with the SEC. The New York-based firm is led by Chris Young, Joseph Apprendi and John Vincent, and makes early-stage investments in enterprise SaaS companies, according to its website. Thus far, 21 investors have committed to Revel Venture Fund II.

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