ShopKeep raises $65M in financing led by Tribeca Venture Partners
ShopKeep, a cloud-based, payments and point-of-sale platform, has raised $65 million in equity and debt financing led by Tribeca Venture Partners, according to a company blog post.
Tribeca Venture Partners, which previously led the company's A round of financing in 2011, was joined by all of the company's leading investors, which include Canaan Partners, Thayer Street Partners, Activant Capital and others. However, first time investors including First Data Corp. and Salesforce Ventures joined the current round of equity investors, according to the announcement. Orix Growth Capital Square 1 Bank, a division of Pacific Western Bank, lead the debt financing.
The company said it will use the funding for ongoing growth plans and additional business segments, including new geographic markets and new services. Among new products, the company recently launched ShopKeep Capital, which provides working capital for its customers. The company also plans to expand the capabilities of its Android-based platform and explore international markets, according to the blog post.