ShopKeep POS Closes $10M Series B Funding

ShopKeep POS, a NYC-based provider of iPad-based point of sale application for small businesses, has closed a $10m Series B funding.

The round was led by Canaan Partners, with participation from existing investors Tribeca Venture Partners and TTV Capital, which supported ShopKeep in January 2012 (read here).

The company intends to use the new funding to expand the functionality of its application and sign new partnerships.

In conjunction with the funding, Dan Ciporin, general partner at Canaan Partners, will join ShopKeep POS’ Board of Directors.

Led by Jason Richelson, founder and CEO, ShopKeep POS is a complete platform for running a shop from an iPad with real-time reporting on the web. The ShopKeep POS iPad app rings sales, processes credit cards and mobile payments, prints and emails receipts, and prints orders remotely to the kitchen.
The company, which currently serves over 3,000 brick and mortar merchants, recently announced key partnerships with mobile payment providers including LevelUp, Dwolla, and PayPal.



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