France-based retail payment software developer Wynd secured €30m ($31.7m) yesterday in a series B round backed by telecommunications company Orange and catering and facilities service provider Sodexo.
The corporates, which invested through their Orange Digital Ventures and Sodexo Ventures units, were joined by French state-owned investment bank Bpifrance. Sodexo Ventures’ involvement was revealed when it launched last week.
Wynd provides point-of-sale software for use in restaurants or stores that integrates a user’s physical and online sales and inventory management, and which can be operated through any mobile device.
The funding will go towards building out Wynd’s team, which is expected to double in size over the next year as it prepares to open offices in the UK and United Arab Emirates as part of an international expansion strategy.
Orange Digital Ventures had previously taken part in the company’s $7.8m series A round, investing together with venture capital firm Alven Capital in October 2015.
– Photo courtesy of Wynd