Digital+ Partners backs Orderbird's €20m series-C

Digital+ and self-service wholesaler Metro Group together invested €16.5m as part of the round. Payment provider Concardis also participated in the round via a secondary listing.

For the months ahead, Orderbird aims to continue its product development and targets expansion throughout Europe, with a rollout in the French market this year.

Metro stated the partnership will see Orderbird collaborate with Metro Cash & Carry, which it claims is present in 25 countries.

Previous funding
In April 2012, Alternative Strategic Investment (Alstin) and other investors structured a €2.7m round of early-stage funding for the business.

In October 2014, Alstin and Concardis structured a $10m round of growth capital funding for Orderbird.

Company
Founded in 2011 and based in Berlin, Orderbird develops digital point-of-sale (POS) systems for the hospitality industry. Its feature set includes mobile ordering, real-time data analysis, cashless payment acceptance and accounting-ready reporting. The business claims that more than €1bn in sales are booked annually via 9,500 Orderbird POS systems. The startup has 200 employees.

People
Orderbird – Jakob Schreyer (co-founder, CEO).
Metro Group – Olaf Koch (CEO).
Digital+ Partners – Patrick Beitel (co-founder, managing director).
Concardis – Marcus Mosen (CEO).

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• Topics
• Expansion
• DACH
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• Germany