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.
With its comprehensive online Point-of-Sales (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 Capital as an experienced financial investor with a strong track-record of scaling tech businesses internationally on board.” says Dirk Owerfeldt, CEO of Gastrofix.
“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“.
Avi Eyal, General Partner of Entrée Capital, which led the Series A financing of Gastrofix added that “The team at Gastrofix has grown the company at a pace beyond our expectations in a short time and we are excited to have Radeberger and Endeit on board to assist in taking Gastrofix to the next level.“