# Gastrofix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gastrofix

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.gastrofix.com
- Total disclosed funding: $10M
- Latest round: Series B (Jun 30, 2017)
- Investors on record: 3

## About

Gastrofix GmbH specializes in providing a comprehensive Gastronomy Cash Register System and Payment Platform tailored for the hospitality sector, enabling efficient management and enhanced operational capabilities.Founded in 2011, Gastrofix GmbH is based in Berlin, Germany, and operates in the hospitality industry by offering a point-of-sale solution designed for restaurants. The company completed its most recent funding round, Series B, raising EUR 7.000 mn with investors including Endeit Capital and Radeberger Gruppe KG. The total amount raised by the company stands at EUR 7.000 mn, with a current valuation of EUR 58.980 mn. Gastrofix GmbH has engaged in 5 deals as of January 7, 2020, when it was acquired by Lightspeed POS Inc. The founder's history and previous ventures are not publicly documented.The core offering of Gastrofix GmbH is the Gastronomy Cash Register System and Payment Platform, specifically crafted for the hospitality industry. This modern point-of-sale (POS) solution allows users to efficiently manage restaurant operations, featuring inventory management, recipe and waste management, and integrated shift planning. The cloud-based system provides real-time insights and centralized control across over 165,000 businesses globally, including more than 160 Michelin-starred restaurants in Europe, North America, and Asia. The solution is highly customizable through partnerships, enabling restaurants to optimize service delivery and enhance customer experiences.Gastrofix GmbH generates revenue through a subscription model for its Gastronomy Cash Register System and Payment Platform, with various pricing tiers tailored to feature sets and deployment scales. Its clientele encompasses a wide array of hospitality businesses, from high-end dining to casual eateries, all benefiting from the platform's extensive features. Revenue is also derived from transactional fees linked to payment processing services integrated within the POS system, which facilitate seamless transactions for both in-house and online orders, aligning fees with sales volumes processed through the system.Looking ahead, Gastrofix GmbH aims to innovate further by developing new product features and enhancements to its platform, although specific release dates have not been disclosed. The company is also planning to expand into additional markets, focusing on increasing its presence in Europe and North America by the end of 2021. The recently secured funding of EUR 7.000 mn will be strategically utilized to support these initiatives, enhancing product offerings and facilitating market expansion.

## Funding rounds

- Series B, Jun 30, 2017, $8M — Endeit Capital, Radeberger Gruppe KG
- Seed, Jan 1, 2012, $2M — Equity Seven

## Investors

- Equity Seven (https://capitalatlas.ai/funds/equity-seven) — Seed
- Endeit Capital (https://capitalatlas.ai/funds/endeit-capital) — Series B
- Radeberger Gruppe KG — Series B