US-based payment technology developer ShopKeep raised $65m in debt and equity financing from investors including enterprise software producer Salesforce and financial services providers First Data Corporation, Orix and Pacific Western Bank on Tuesday.
Tribeca Venture Partners led the equity portion of the round, which also featured Salesforce’s corporate venturing vehicle, Salesforce Ventures, as well as First Data and all the company’s existing investors.
Orix Growth Capital, Orix’s corporate venturing arm, and Square 1 Bank, a subsidiary of Pacific Western Bank, provided the debt portion of the round.
Founded in 2008, ShopKeep produces point-of-sale software and hardware that enables restaurants, shops and merchants to turn iPads into cash registers.
In addition to processing payments, the company’s cloud-based platform also helps business owners manage inventory, access sales reports and capture customer information for marketing.
Tribeca Venture Partners and TTV Capital co-led the company’s $2.2m series A round in January 2012, and both returned for a $10m series B round led by fellow venture capital firm Canaan Partners in December the same year
All three joined various angel investors in ShopKeep’s $25m series C round, which was led by Thayer Street Partners in 2014, reportedly valuing it at $200m pre-money. Activant Capital led its $60m series D the following year, participating alongside all the company’s existing investors.