Gastrofix closes a €15 million financing led by Radeberger group and

Funding Rounds

▤ Summary

Berlin, July, 11th 2017 – Gastrofix, a leading provider of cloud-based POS systems for the hospitality industry in Europe received a €15 million Series B financing from Radeberger Group, Germany’s largest brewery group and growth investor Endeit Capital, to fuel international acceleration of the company. Additionally, Gastrofix is planning to digitize further processes that are still mainly done manually in the hospitality and the hotel industries, so that business owners and professionals can even more focus on the needs of their customers. “The Point of sale system is at the core of each hospitality business and we believe that Gastrofix is the perfect company to create a thriving ecosystem around the next wave of digital restaurants“, says Dr. Niels Lorenz, CEO of Radeberger Group. Martijn Hamann, Partner of Endeit Capital: “With its innovative, robust cloud-based solution Gastrofix is a clear technology leader in the next generation POS market and well positioned to disrupt an incumbent hospitality software industry. The vision of the serial entrepreneur founders combined with an ambitious outlook on product development convinced us to assist the company’s roll-out and build a European category leader“.

$ Funding

$
Amount $17.2M Total raised
□
Date July 11, 2017 Announcement date
◎
Investors - Lead investors
▥
Company http://www.gastrofix.com Funded company

▥ Classifications

industries
Retail
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies