Appetize bags funding from 32 Equity

POS solution developer Appetize has received an undisclosed investment from 32 Equity.

The new round, which comes just months after the company raised $20m in its Series B, brings Appetize’s total funding efforts to $50m.

California-based Appetize is a payment processing technology to businesses such as arenas, stadiums, convention centres, zoos, theme parks, campuses, and chain stores. The company provides tablet, cloud and mobile payment technologies to enable businesses to accept a range of payment methods.

The company’s POS solutions include a fixed terminal, mobile solution, handheld POS, self-serve kiosk, and online ordering. Appetize’s platform also provides clients with inventory and cash room management, stock real-time updates and reporting tools.

All of the company’s products have an offline mode to make transactions in congested network settings easier.

Appetize co-founder and CEO Max Roper said, “Large enterprises are deploying Appetize at a rapid pace to stay ahead of the curve with cloud-based solutions available on any device. With the support of 32 Equity, we are positioned to make an even bigger impact in the professional sports industry and beyond.”

The company kicked off the year with a $20 funding round which was led by Shamrock Capital and participation from Silicon Valley Bank. Its Series A round closed on $20m in 2016 and was also led by Shamrock Capital.

Last month, payment solution provider Fattmerchant closed its Series C round on $10.5m to aid the launch of new services later in the year. The company develops omni-channel payment solution, offering virtual terminals, EMV terminals, digital shopping carts and mobile payment processing.

Copyright © 2018 FinTech Global

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