Omnes et al. in series-B round for Tiller

GPs have provided a €12m equity ticket and will deploy up to €8m in the next 18 months.

Ring Capital is investing via its recently closed maiden fund.

Tiller first received an undisclosed first round of funding from private investors in 2015. A year later, it raised €4m from VC 360 Capital Partners and private investors.

The fresh capital will help the Paris-based startup accelerate its international growth and invest in product development.

Company
Founded in 2014, Tiller offers electronic till systems to retailers and restaurant owners.

Tiller operates a management tool that is usually tablet-based. With a team of nearly 150 people, offices in Paris, Barcelona and Milan, Tiller has now reached profitability. The startup claims it serves 5,000 customers in 35 countries.

People
Tiller Systems – Dimitri Farber (co-founder).
Ring Capital – Geoffroy Bragadir (co-founder).
360 Capital Partner – François Collet (partner).
Omnes Capital – François-Xavier Dedde (principal).

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