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iPad point-of-sale company Revel Systems appears to have agreed to a new investment from existing shareholder Welsh Carson Anderson & Stowe, according to a federal filing. It is unclear if Welsh Carson, which primarily does buyouts, has acquired a majority stake or not.

The disclosure comes nearly seven months after a Bloomberg report that IBM was in talks to buy Revel, which was co-founded in 2010 by CEO Lisa Falzone and chief technology officer Chris Ciabarra. Welsh Carson first invested in late 2015 at around a $500 million post-money valuation, while other shareholders include Intuit and venture capital firms like DCM. Overall, the company has raised more than $130 million.

Revel says that it has deployed over 30,000 terminals, and last fall signed a deal to put its system across Shell's network of 47,000 retail locations.

A spokesperson declined comment on the Welsh Carson transaction. She also wouldn't discuss Revel's current board composition, as its original board representative from Welsh Carson (Sanjay Swani) recently left the firm "to pursue more entrepreneurial career options."

Go deeper

Young people want checks on Big Tech's power

Data: Generation Lab; Chart: Sara Wise/Axios

The next generation of college-educated Americans thinks social media companies have too much power and influence on politics and need more government regulation, according to a new survey by Generation Lab for Axios.

Why it matters: The findings follow an election dominated by rampant disinformation about voting fraud on social media; companies' fraught efforts to stifle purveyors of disinformation including former President Trump; and a deadly Jan. 6 insurrection over the election organized largely online.

Wall Street's own populist revolt

Data: FactSet; Chart: Axios Visuals

A popular rebellion, organized by the powerless against the powerful. It might have failed in Washington, but it certainly seems to be working on Wall Street.

Driving the news: The market value of GameStop closed at more than $10 billion on Tuesday, on record volume of more than $26 billion.

24 mins ago - Health

One year of the pandemic

One year ago today, a novel coronavirus was barely beginning to catch the public's eye. There were just over 2,000 confirmed cases worldwide, mostly in China, and five cases in the U.S.

The big picture: The sea of red says it all. Today, there have been over 100,000 cases worldwide, led by the U.S. with 25 million.