Clipperton, a leading European corporate finance boutique focused on the High Tech and Media industries announced the closing of the growth financing for Gastrofix, a leading European SaaS provider of cloud-based POS systems for the hospitality sector. The Series B round was syndicated by two new investors, the strategic investor Radeberger Group and the Dutch growth investor Endeit Capital, followed by existing investor Entreé Capital.
Gastrofix closes a €15 million Series B financing led by the Radeberger Group and Endeit Capital.
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 led by Radeberger Group, Germany’s largest brewery group and market leader in the German beer market, and growth investor Endeit Capital, to fuel international acceleration of the company.
With its comprehensive POS solution Gastrofix covers the entire hospitality industry incl. bars, cafés, restaurants, hotels and large franchise chains. Since its establishment in 2012 the company has installed over 12,000 POS systems in Europe, managing over €2 billion in revenues per year for its customers.
With more than 100 employees in 7 countries, Gastrofix will use the new funding to expand its leading market position in Germany as well as internationally. 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 digitalization of the hospitality industry is one of the key success factors for every modern POS system. We are very pleased to have Radeberger as a strategic investor with extensive network of potential customers, and Endeit as an experienced financial investor with a strong track-record of scaling tech businesses internationally on board. Also our financial advisor Clipperton has done a great job helping us navigate successfully through the transaction” says Dirk Owerfeldt, CEO of Gastrofix.
“We are proud to have advised Gastrofix and their founders, as a leading B2B software provider for hospitality in Germany. The successful closing of Gastrofix’ B-round underlines Clipperton’s expertise in growth financing for European leaders, and we are glad to announce yet another transaction in Germany since the opening of our Berlin based office in 2014” comments Stéphane Valorge, co-founding partner with Clipperton.
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Clipperton is a European independent corporate finance advisory firm exclusively dedicated to the Technology & Internet industries, advising innovative companies on M&A transactions, debt financings and equity offerings. With offices in London, Berlin, and Paris and an international reach, Clipperton is a European leader in Technology financial advisory. Over the past 15 years, the team has successfully completed more than 200 high profile transactions globally. Since 2014, Clipperton managed several transactions in Germany, incl. M&A such as Hitmeister/real,- or Moviepilot/Webedia, and financings like Asgoodasnew and Ad2games. For more details please visit www.clipperton.net
The Berlin startup Gastrofix develops a leading cloud-based POS system for Apple iPads and iPods. The cash register covers the entire gastronomy and hotel industry. The software modules range from POS system, time tracking and customer loyalty to integrated interfaces with leading hotel systems, inventory management, dispensing equipment, and accounting software. Various major customers also use the branch management function to manage their subsidiaries nationally and internationally. Gastrofix has over 100 employees in 7 countries (Germany, Austria, Switzerland, Netherlands, Norway, Ireland and UK) and has already sold more than 12,000 SaaS licenses for its POS solution. For more information, please visit: www.gastrofix.com