Orderbird the Germany-based developer of an iPad-based point of sale (POS) system, has completed a €20m ($22.5m) series C round featuring retailer Metro Group.
Metro and growth equity firm Digital+ Partners, which led the round, provided a combined €16.5m. Payment services provider Concardis, an existing investor in Orderbird, took part through a secondary listing.
Founded in 2011, Orderbird has created a POS sale for the hospitality industry that allows users to take orders, make bookings, run sales metrics or create tax audit reports through an iPad.
The company, which has accumulated 6,500 clients across the UK, Ireland, Germany, Austria and Switzerland, will put the cash toward product development and a geographic expansion that will include an entry into the French market.
Olaf Koch, chief executive of Metro Group, said: “This investment in Orderbird is an important step to help our customers take further advantage of digital solutions. Our industry knowledge as well as our access to customers is what we bring to the table.”
Orderbird has now raised about $40m, having received $10m from investors including Concardis in late 2014. Past backers also include investment firm Alstin.