ShopKeep provides an intuitive, cloud-based iPad POS system and payments platform that helps merchants manage inventory, staffing, sales reporting and customer data. The company serves more than 25,000 independent retailers and restaurants and says its recurring revenue has almost tripled over the past three years. ShopKeep is approaching its first profitable quarter. The company plans to use new capital to fuel growth initiatives, expand into additional business segments and geographies, and extend capabilities of its Android-based platform. It recently launched ShopKeep Capital to provide working capital funding for customers and intends to expand that service. ShopKeep is headquartered in New York City with offices in Portland, Chicago, and Belfast. ShopKeep provides an intuitive, secure, iPad-based POS and cloud business management platform that combines payments, customer marketing, inventory and staff management, and back-end reporting and analytics. The company offers ShopKeep Payments after acquiring Payment Revolution, aiming to give merchants a centralized, contract-free payments solution. ShopKeep serves more than 18,000 independent merchants and processed over $6 billion in transactions in the past year. It reported 2.4x year-over-year growth in monthly recurring revenue through June 2015 and has raised $97.2M in funding to date. The company emphasizes 24/7 customer care and positions itself as an IT department for small businesses, democratizing tools previously available only to large retailers. ShopKeep was founded in 2008 and is headquartered in New York with additional offices in Portland, Chicago, Washington, D.C., Belfast and London. ShopKeep provides cloud-based point-of-sale software and hardware for small brick-and-mortar retailers, with an iPad interface and a mobile POS offering. The company centralizes transaction data in the cloud and offers analytics and a dashboard app for real-time sales and cash-drawer visibility. ShopKeep also sells registers, stands, swipers and receipt printers and supports customers with remote setup. It charges $49 per month for each register using its software. The company reports managing point-of-sale transactions for over 10,000 stores and processing over $1.8 billion in receipts. ShopKeep has expanded from its Brooklyn origins to offices in Manhattan’s SoHo and opened an office in Belfast, with a West Coast office planned. ShopKeep POS offers a complete platform for running a shop from an iPad with real-time web reporting. Its iPad app rings sales, processes credit cards and mobile payments, prints and emails receipts, and prints orders remotely to the kitchen. The company currently serves over 3,000 brick-and-mortar merchants and has announced partnerships with mobile payment providers LevelUp, Dwolla, and PayPal. ShopKeep plans to use new funding to expand the functionality of its application and to sign new partnerships. The business is led by founder and CEO Jason Richelson and emphasizes easy-to-use, integrated POS and reporting for small retailers. ShopKeep.com is a cloud-based POS platform that runs on iPad and supports merchants from small stores to large chains. Its iPad front end rings sales, prints receipts, and processes credit cards while offering inventory management, customer tracking, and real-time reporting. The service is priced at $50 per month and is backed by the company's emphasis on strong customer support. ShopKeep operates an open platform that works with any card processor and partners with ISOs and VARs. The company was founded by a former retailer and aims to help small shops run more profitable businesses using tablets and cloud technology. ShopKeep announced an aggressive 2011 expansion into the U.S. point-of-sale market shifting to iPads, tablets, and cloud computing.

Total raised

$160M

Funding rounds

6

Latest round

Equity

Latest activity

Dec 2018