iPad point-of-sale provider ShopKeep POS has closed an important sale of its own. The New York-based startup has banked $10 million in funding from Canaan Partners, Tribeca Venture Partners, and TTV Capital.
ShopKeep POS makes an iPad application that you may have already encountered while shopping at your favorite local businesses. The company’s app, which can ring sales, process credit cards, and print or email receipts, is live in more than 3,000 stores.
The company’s iPad register replacement works with a cloud-based reporting tool to provide merchants with analysis on their customers, sales, and inventory. ShopKeep is also partnered with mobile payment providers LevelUp, Dwolla, and PayPal.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
The fresh $10 million will be used to invest in product and business development, ShopKeep POS founder and CEO Jason Richelson said.
This is ShopKeep POS’s second round of venture funding. The company previously raised $2.2 million from the same firms that participated in this round.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More