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ShopKeep POS banks $10M for iPad register system

iPad point-of-sale provider ShopKeep POS has closed an important sale of its own. The New York-based startup has banked $10 million in funding from Canaan Partners, Tribeca Venture Partners, and TTV Capital.

ShopKeep POS makes an iPad application that you may have already encountered while shopping at your favorite local businesses. The company’s app, which can ring sales, process credit cards, and print or email receipts, is live in more than 3,000 stores.

The company’s iPad register replacement works with a cloud-based reporting tool to provide merchants with analysis on their customers, sales, and inventory. ShopKeep is also partnered with mobile payment providers LevelUp, Dwolla, and PayPal.

The fresh $10 million will be used to invest in product and business development, ShopKeep POS founder and CEO Jason Richelson said.

This is ShopKeep POS’s second round of venture funding. The company previously raised $2.2 million from the same firms that participated in this round.

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