ShopKeep POS announces that it has successfully closed its Series B funding round of $10 million led by Canaan Partners. Tribeca Venture Partners and TTV Capital, who co-led the company's $2.2 million Series A funding earlier this year, also participated in the round.
ShopKeep POS, the simplest way to make smarter business decisions, announces that store sales at brick and mortar ShopKeep POS merchants were up 30 percent on Black Friday as compared to last year. Key drivers include a 20 percent increase in number of transactions at ShopKeep POS quick serve establishments and a 28 percent increase in number of transactions at specialty food stores. Sales for ShopKeep POS brick and mortar merchants were also up by 26 percent on Small Business Saturday.
ShopKeep POS, a leader of iPad point of sale technology announces a new time clock feature that makes it simple for merchants to log and track employee hours right from their ipad register. With payroll costing the average retailer 20-40 percent of sales, optimizing schedules is key to running a profitable business.