NEW YORK, Jan. 17, 2012 /PRNewswire/ — ShopKeep.com Inc., the leading cloud based iPad POS system, today announced that it closed a Series A financing, at the National Retail Federation BIG Show. Led by New York City’s Tribeca Venture Partners and Atlanta’s TTV Capital with New York City’s Contour Venture Partners also contributing, the funding will build on ShopKeep’s aggressive 2011 expansion into a U.S. point-of-sale market fundamentally shifting to iPads, tablets, and cloud computing.
“This financing will further enable ShopKeep to bring superior customer service and affordable innovative technology to small business owners, who need it the most,” said ShopKeep founder and CEO who is also the former owner of a grocery and wine retail business. “We are excited to help small shops like mine run a better, more profitable business using just an iPad.”
ShopKeep is a cloud-based POS platform that runs everything from small stores to large chains. For $50 per month, ShopKeep offers features previously found only on big, expensive enterprise systems. ShopKeep offers inventory management, customer tracking, and real-time reporting with an iPad front end and the best customer support in the industry.
“ShopKeep solves the ‘last mile’ in local because they bring scalable technology to stores who desperately need it,” said Brian Hirsch, Managing Partner at Tribeca Venture Partners. “The company delivers an amazing product, user experience, and innovative technology to a space ripe for disruption and void of economic efficiency.”
TTV Capital Managing Partner Gardiner Garrard said, “We love ShopKeep’s by-you/ for-you model. ShopKeep’s open platform works with any card processor and they partner with ISOs and VARs. These channels need ShopKeep, merchants need more optionality.”