Tiller raises $13.9 million for its modern cash register
French startup Tiller has raised a $13.9 million Series B round (€12 million) from Ring Capital. Omnes Capital and existing investors 360 Capital Partners also participated in today’s funding round. The company has been working on a cash register that works better than your clunky touchscreen from ten years ago.
Tiller is working on a software solution for restaurants. It works with a good old iPad and connects with multiple payment solutions.
You can customize the menu and restaurant layout in the app to make it as easy as possible to enter an order. And at the end of the meal, you can make your customers pay using multiple payment methods and keep track of what’s left to pay.
This sounds like basic features, but Tiller’s secret sauce is that you can configure your app and integrate with many third-party services. For instance, you can manage your inventory and your staff directly from Tiller with third-party services.
You can receive orders from UberEats or Lunchr on your Tiller tablet. You can manage bookings from TheFork and other services.
When it comes to payment, you can pair Tiller with a Sumup or Ingenico card reader and accept all sorts of cards and contactless payments. You can also add Lydia, Lyf Pay and other mobile payment apps. Finally, Tiller tries to automate your accounting reports as much as possible.
If you want to use Tiller even more than that, you can give an iPhone to your waiters so that they can use the Tiller mobile app to write down orders. You can also get reports and track your revenue depending on the time of the day or the product category.
Most of Tiller’s clients are based in France and Spain, and the startup has attracted 5,000 clients so far. With today’s funding round, the company plans to attract more customers in other European countries.
It’s also worth noting that Tiller has the option to raise an additional $9.3 million (€8 million) to finance acquisitions. It could be a good way to get started in new markets.
