Successful exit Gastrofix

In 2019 we added 4 great new companies to our portfolio: Gridscale (D), Leadfeeder (Fin), 3D Hubs (NL) and Comtravo (D). Overall, our total portfolio of 11 companies is widely spread over 7 countries and developing nicely.

Today, we are pleased to inform you about the successful trade sale of our German Point-of-Sale (POS) hospitality software company Gastrofix to Lightspeed. A good start of the year. Lightspeed is a Canadian publicly quoted POS software provider. More information is presented in this press release.

Lightspeed POS Inc. is a leading independent provider of software, solutions and support systems to small and medium size retailers and restaurateurs globally. The company is active in 100 countries and serves 57.000 POS locations. Lightspeed is headquartered in Montréal, Canada and has grown to over 800 employees, with offices in Canada, USA, Europe and Australia. The addition of Gastrofix further solidifies Lightspeed now also in Germany as a leader in cloud-based POS technology.

Gastrofix with its 131 employees in Berlin and Hamburg serving top technology at 8,000 customer locations is proudly joining forces with industry leader Lightspeed. The common goal of digitizing the hospitality industry with versatile, efficient cloud-based solutions made the pairing a perfect match to combine resources and reach new customers in Europe. Gastrofix is now part of a hospitality product platform that stretches across the globe, backed by the leading minds and technology in the business. For clients, this means additional expertise, innovation and customer support, in order to continue delivering the best customer satisfaction.

Endeit Capital is proud to have been actively involved in the strong development of Gastrofix over the last 2,5 years closely with management.