Gastrofix Raises $4m Series A Financing

Berlin, December 17th, 2015 – GASTROFIX, a major investment of Mujinzo Labs and a Berlin based ePOS company which has developed a disruptive point-of-sale (POS) system for Apple iPad, iPhone and iPod with a cloud-based ERP backend, today announced that Entrée Capital has led its $4 million Series A financing. Gastrofix covers the entire hospitality industry from cafes, bars and bakeries to fine dining, catering, canteens and franchise restaurant chains. The company has sold over 6,000 POS SaaS licenses in Europe and its customers generate over $1.5bn in annual revenues. Gastrofix also supplies a white label / OEM solution that allows partners from retail and service industries to rapidly market and deploy their own POS system. OEM partners with over 100,000 customers in 15 countries already licensed GASTROFIX superior POS technology today. “Thanks to this new partnership we will be able to accelerate our growth and strengthen our leading position in the cloud-based POS market. Together with our OEM partners we will build an eco-system of companies disrupting the traditional markets with cloud-based POS solutions which are easy-to-use and as powerful as ERP systems.” says Dirk Owerfeldt, CEO of Gastrofix. “We are delighted to invest in such an excellent technology company with great product and founders.  Despite a highly contested market, the management of Gastrofix have differentiated themselves and excelled in building their business.  Gastrofix understands the need for innovation in the POS market and continues to deliver a unique solution with unparalleled customer retention.”

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