Tiller Systems raises €4m from 360 Capital et al.

Other investors include business angels Nicolas Sireyjol – the former American Express France CEO – Damien Guermonprez, Thierry Petit and Philippe Bertinchamps.

The fresh capital will help the Paris-based startup expand its team and develop its marketing operations both in its home market and across European.

Tiller Systems hopes to increase the size of its team tenfold by hiring 50 sales representatives in France and abroad.

Francois Collet, who was in charge of the deal at 360 Capital, stated that the main argument to invest was the impressive growth realised by the company over a short period of time, showing that its product aptly meets the needs of the target clientele.

360 Capital is a Paris-based venture capital fund investing mostly in A and B rounds or at seed stage. Its total investments currently amount to €300m.

Previous funding
In 2015, the startup received an undisclosed first round of funding from private investors.

Company
Founded in 2014 by business partners Josef Bovet, Scott Gordon, Vincent Oliveira and Dmitri Farber, Tiller Systems offers alternative electronic till solutions to retailers and restaurant owners. Their systems are generally tablet-based.

Since its market launch, the tech company has recorded average growth of 60% per month. It currently counts around 30 partners and is used by more than 1,000 businesses in eight different countries, with clients including Monoprix and Lidl.

People
360 Capital Partners – Francois Collet (partner).

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