Endeit Capital in €15m series-B for Gastrofix

The round was led by German brewer Radeberger Group, which already provided €8m in February 2017. In July, Endeit invested a further €6m and the last €1m was made up by series-A investor Entrée Capital.

The new funding will be used to expand into more European countries as well as broaden the product focus. The company's long-term aim is to target the enterprise resource planning market for hospitality as well as point-of-service sales.

Previous funding
Gastrofix was originally founded in 1999 and was considering an IPO in 2001. However it ended up being sold to Italian hospitality company TC POS in 2002 in a trade sale.

The current founders bought the name in 2011 and created the current company. In July 2013, MBG Berlin-Brandenburg provided the company with a €3m growth capital round.

Finally, Entrée Capital led a €3.78m series-A round in December 2015 prior to the current financing.

Company
Founded in its current form in 2012, Gastrofix develops software for bars, cafes, restaurants, hotels and franchise chains. It is used to digitise the ordering and billing process at present and plans to encapsulate more business processes in future. The company has installed 12,000 point-of-sale systems since its inception and manages €2bn in revenues every year. It is active in seven countries and employs around 100 people.

People
Endeit Capital – Martijn Hamann (partner).
Radeberger Group – Niels Lorenz (CEO).
Entrée Capital – Avi Eyal (general partner).
Gastrofix – Dirk Owerfeldt (CEO).

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