HomeFundingPoint of sale (POS) solution orderbird secures €20 million to fuel international...

Point of sale (POS) solution orderbird secures €20 million to fuel international expansion

orderbird, the leading iPad point of sale (POS) solution in the German speaking markets, closes a series-C financing round totalling more than €20 million. Digital+Partners, as lead investor, and METRO GROUP have together invested €16.5 million as new shareholders and strategic partners into orderbird. Concardis, a leading payment-provider in Europe who already invested in the company, takes part in this financing round via a secondary listing. orderbird’s aim is to use this money for product development and further expansion in Europe with a roll out in the French market this year.

Olaf Koch, CEO of METRO AG stated: “This investment in orderbird is an important step to help our customers take further advantage of digital solutions. Our industry knowledge as well as our access to customers is what we bring to the table.” Last year, the company started a program called “METRO Accelerator powered by Techstars” supporting startups with digital solutions for the restaurant, hotel and catering industry.

Marcus W. Mosen, CEO of payment provider Concardis and existing investor in
orderbird, said: “Together with orderbird, Digital+ Partners and METRO GROUP we will
transform the cash register to be the heart of a business – from Point of Sale to Point
of Service for guests and restaurant owners and caterers. The digital life of clients
today has different expectations of what a local POS can do. The connection of
payment, customer communication with additional value, smart interactions and
elaborate data analysis is what’s expected today.”

Since 2011, orderbird has provided the hospitality industry with digital POS systems with rich feature sets; such as, mobile ordering, real-time data analysis, cashless payment acceptance and accounting ready reporting. Digitalization at the Point of Sale (POS) is a big trend in restaurants and catering.

“We especially thrive to offer small and independent restaurant owners and caterers new horizons – digital solutions are the perfect option. More than one billion Euro in sales are being booked annually via 9,500 orderbird POS systems. The investment in our company highlights the importance of orderbird as a central technology for the hospitality industry”, explains Jakob Schreyer, Co-Founder and CEO orderbird.

As a company orderbird faces a new set of exciting challenges: Just this year the
startup grew from 120 employees to 200. At the same time it progressed from being
a German company to becoming international, since it will soon be available in more
countries. Orderbird was founded in 2011 and is based in Berlin. Their last funding round was in October of 2014 when they secured $10 million in a Series B round.

Check out the video below to learn more about how orderbird actually works:

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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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