HomeFundingGerman iPad-based sales platform orderbird secures $10 million in a Series B...

German iPad-based sales platform orderbird secures $10 million in a Series B funding round

The iPad Point of Sale (POS) provider orderbird today announced a $10 million Series B funding round. The strategic main investor is ConCardis, a specialist in cashless payment, who joined other private investors from the US and Luxembourg, as well as previous investors. The fresh capital will be used to increase orderbird’s product portfolio and advance its international expansion.

This new capital injection is one of the largest rounds orderbird has raised, and is also the largest investment ConCardis has closed so far. Both companies are leaders in their markets and in the German-speaking territory. Together they are forming a strategic and operational partnership to strengthen their market position within mobile POS-solutions. ConCardis just recently introduced its own mobile payment solution called ConCardis OptiPay, and joint product development is planned in the future.

Orderbird was founded in 2011 and is based in Berlin. Its product orderbird POS already established itself as one of the most desired point of sale solutions in Germany, Austria, Switzerland, Great Britain and Ireland. For 2014 the volume of transactions via the orderbird platform is estimated to be around half a billion euros.

Jakob Schreyer, CEO and founder orderbird, stated: “We are happy that we found an experienced partner in ConCardis, which is not only our investor but who is also there to strategically support our growth. Together we will benefit from a large retailer base and can use synergies jointly“.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).


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