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ShopKeep Secures $65 Million Funding Round

ShopKeep has completed a $65 million round of equity and debt financing led by Tribeca Venture Partners. The venture capital firm also led the company’s funding round in 2011.

The tablet-to-cloud payments and POS platform provider plans to use the new capital to support ongoing growth initiatives and to expand into other business segments across a wider range of services and locations. Initiatives include expanding the company’s recently launched ShopKeep Capital service, which provides ShopKeep customers with working capital funding, extending the capabilities of its new Android-based platform and exploring international markets.

"ShopKeep will continue working tirelessly to deliver small business owners with technology and digital tools to fuel their businesses and compete in today’s marketplace at all levels,” said Michael DeSimone, CEO of ShopKeep, in a statement.

The round includes additional investment from First Data Corporation, a payment processing services provider, and Salesforce Ventures, the global corporate investment group of Salesforce. ORIX Growth Capital and Square 1 Bank provided the debt financing portion of the round.

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