About ShopKeep
ShopKeep is a company based in New York (United States) founded in 2008 was acquired by Lightspeed in November 2020.. ShopKeep has raised $162.2 million across 6 funding rounds from investors including Fiserv, Lightspeed HQ and Square 1 Bank. ShopKeep has completed 4 acquisitions, including AmburApp, ChowBOT and Payment Revolution. ShopKeep offers products and services including Point of Sale, Payments, eCommerce, and Inventory Management. ShopKeep operates in a competitive market with competitors including Square, Zettle, Clip, Tyro and Network Merchants, among others.
- Headquarter New York, United States
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Shopkeep Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$162.2 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Fiserv
& 13 more
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Employee Count
Employee Count
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Investments & Acquisitions
AmburApp
& 3 more
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Acquired by
Lightspeed
(Nov 05, 2020)
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Products & Services of ShopKeep
ShopKeep offers a comprehensive portfolio of products and services, including Point of Sale, Payments, eCommerce, and Inventory Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages sales and transactions for retail businesses.
Processes secure payments for online and in-store sales.
Enables online selling and multichannel retail operations.
Tracks stock and optimizes supply chain processes.
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Software Development Team
189 people
Product Management Team
94 people
Leadership Team
55 people
Sales and Marketing
49 people
Senior Team
36 people
Human Resources and Administration
24 people
Operations Team
23 people
Finance and Accounting
14 people
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Funding Insights of ShopKeep
ShopKeep has successfully raised a total of $162.2M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(01 Jun 2011)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Debt – Conventional - ShopKeep | Valuation |
investors |
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| Dec, 2018 | Amount | Series E - ShopKeep | Valuation | Tribeca Venture Partners | |
| Jul, 2015 | Amount | Series D - ShopKeep | Valuation | Activant Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ShopKeep
ShopKeep has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fiserv, Lightspeed HQ and Square 1 Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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ORIX USA is engaged in middle market asset management and lending.
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Founded Year | Domain | Location | |
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Early-stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital fund investing in tech sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ShopKeep
ShopKeep has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AmburApp, ChowBOT and Payment Revolution. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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E-commerce platforms for restaurant ordering and delivery are facilitated.
|
2014 | ||||
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Platform offering POS solution for food businesses
|
2011 | ||||
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Cloud-based POS solution for restaurant
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - ShopKeep
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shopkeep Comparisons
Competitors of ShopKeep
ShopKeep operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Square, Zettle, Clip, Tyro and Network Merchants, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to merchants and businesses.
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| domain | founded_year | HQ Location |
POS solutions are provided to offline retailers via mobile devices.
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| domain | founded_year | HQ Location |
POS solutions are provided for retail payment processing.
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| domain | founded_year | HQ Location |
White-label payment gateways are built for global e-commerce transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shopkeep
Frequently Asked Questions about ShopKeep
When was ShopKeep founded?
ShopKeep was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is ShopKeep located?
ShopKeep is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of ShopKeep?
Michael DeSimone is the current CEO of ShopKeep.
Is ShopKeep a funded company?
ShopKeep is a funded company, having raised a total of $162.2M across 6 funding rounds to date. The company's 1st funding round was a Series D of $60M, raised on Jun 01, 2011.
What does ShopKeep do?
ShopKeep is a provider of cloud-based point of sale software for managing retail shops and restaurants. It allows business owners to set-up their registers on iPad, accept cash and credit cards with their choice of processor. It can also manage inventory, reports, staff, and customers from any web-enabled device and without extra hardware. The register front-end is synced with the BackOffice (a web portal for managers to view), which provides real-time accurate reports. It also provides hardware such as printer, scanner, card reader to provide a complete checkout-out system. It manages PoS transactions for over 10,000 stores with over 1.8 billion in receipts. ShopKeep also supports Apple Pay.
Who are the top competitors of ShopKeep?
What products or services does ShopKeep offer?
ShopKeep offers Point of Sale, Payments, eCommerce, and Inventory Management.
How many acquisitions has ShopKeep made?
ShopKeep has made 4 acquisitions, including AmburApp, ChowBOT, and Payment Revolution.
Who are ShopKeep's investors?
ShopKeep has 14 investors. Key investors include Fiserv, Lightspeed HQ, Square 1 Bank, Canaan, and ORIX USA.
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