Funding exceeds target
Silicon Valley investor backs ePOS Hybrid’s food tech platform
Restaurants are being targeted by the sofware (pic: Terry Murden)
Hospitality software startup ePOS hybrid has beaten its crowdfunding target by more than a third after receiving significant backing from investors in Silicon Valley and Australia.
ePOS Hybrid exceeded its target of £250,000 halfway through the month-long campaign, which now has 7 days to go.
The Edinburgh-based firm has raised £337,260 on the Crowdcube platform from 115 backers, including £100,000 from an Australian investor and $50,000 from a Silicon Valley based company.
The start-up has seen strong demand from the hospitality industry for its point-of-sale hardware and software including smart tables and self-checkouts, to online and app ordering and food waste reporting. Since its launch last year, more than 200 B2B customers have used its tech to process 402,000 orders.
As well as strengthening ties in its current markets, ePOS Hybrid will seek customers in the US and other international markets.
Andrew Gibbon, head of Growth at ePOS Hybrid, said: “Hitting and surpassing our investment ambitions so quickly marks a tremendous milestone in our company’s growth.