POS developer StoreHub collects $8.9m in new round

StoreHub, a cloud-based point-of-sale (POS) system for merchants, has reportedly closed a Series A+ round on $8.9m.

The capital injection was led by Vertex Ventures, with participation also coming from Accord Ventures, according to reports in the media. An unnamed private family office also supplied capital to the round.

Plans for the new capital include supporting its aggressive growth and expansion plans, the articles report.

StoreHub offers a selection of POS terminals, which range from tablet devices to larger management systems. The company enables businesses to accept payments but also manage their operations through a dashboard which gives real-time transaction updates, stock details, product lists, promotions, reports and more.

The startup collected $5.1m in its Series A in 2018 which it used to support its expansion efforts in South East Asia as well as grow the size of its team. Vertex Ventures served as the lead investor to the round.

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