ShopKeep company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

shopkeep.com

Founded Year

2008

Stage

Acquired | Acquired

Total Raised

$162.2M

Valuation

$0000 

About ShopKeep

ShopKeep provides a cloud-based iPad point of sale system.On November 5, 2020 ShopKeep was acquired by Lightspeed POS.

ShopKeep Headquarter Location

460 Park Avenue South 7th Floor

New York, New York, 1001,

United States

800-820-9814

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing ShopKeep

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ShopKeep is included in 8 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

871 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.

S

Store management tech (In-store retail tech)

1,517 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.

G

Grocery Retail Tech

637 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

S

SMB Fintech

1,499 items

P

Payments

2,323 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

T

Tech IPO Pipeline

286 items

ShopKeep Patents

ShopKeep has filed 14 patents.

The 3 most popular patent topics include:

  • Payment systems
  • Banking technology
  • Retail POS systems
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/29/2020

6/14/2022

Network protocols, Network file systems, Network topology, Wireless networking, Link protocols

Grant

Application Date

6/29/2020

Grant Date

6/14/2022

Title

Related Topics

Network protocols, Network file systems, Network topology, Wireless networking, Link protocols

Status

Grant

Latest ShopKeep News

The party’s over: Tips for tracking and reporting monthly startup expenses and revenue

Aug 5, 2022

He is also the creator of ShopKeep, a cloud-based POS system. Until recently, tech startups traditionally enjoyed relative freedom from financial oversight from the venture capitalists who funded them. As long as these firms could report progress in developing their products and generating some level of earnings from sales and software subscriptions, they could burn through their millions without having to endure close scrutiny of their expenses. But this laissez-faire era is coming to a close. With inflation, rising interest rates and lower earnings expectations battering technology stocks this year, we may be in the midst of another tech bubble burst similar to the one at the beginning of the century. In this environment, many of the “pie-in-the-sky” companies that angel investors were flocking to are now struggling to survive. Many VC funds are refocusing their investments on more well-grounded technology companies focused on solving real-world problems. Passing yearly audits will no longer be enough. Investors now expect these startups to demonstrate greater financial transparency all the time. CEOs who once got away with marketing themselves as visionaries will also need to think and act like accountants. You don’t want to run your business by your bank balance, but if you’re a tech firm that isn’t yet profitable, you need to keep tabs on your balances. This means they’ll no longer be able to get away with manually filling in spreadsheets on an ad hoc basis whenever they have a spare moment. They’ll need to have robust bookkeeping processes and tools to track and report expenses and revenue in a more accurate and timely manner. And they need to maintain accurate records of revenue and earnings coming in each month, if not every day. While most startup CEOs have a basic understanding of accounting principles, many don’t have the training needed to serve in this role, or simply don’t have the time or desire to do so. But with more VC funds wanting to see where every dollar is spent, it is essential CEOs understand how to accurately track and report monthly expenses and revenue. Step 1: Simplify all non-card payments to one provider Use one tool to sync your accounting platform with any wire transfers, checks or ACH payments your business needs to make. Online banking services like Relay Bank or Bill.com are useful. You don’t need multiple ways to pay and want to prevent using anything that prevents payments from instantly showing up in your books. I’ll explain why this is critical further on. Step 2: Use services that control spending of credit card charges Many SaaS companies will hold a significant amount of credit card charges. You’ll want to start using a Divvy or Brex card that allows you to segment and issue cards by department and apply spending limits to help enforce monthly or department budgets. Amex cards are enticing because of the rewards and points, but they make it hard to track employee spending in real time. Step 3: Record your cost of payroll

  • When was ShopKeep founded?

    ShopKeep was founded in 2008.

  • Where is ShopKeep's headquarters?

    ShopKeep's headquarters is located at 460 Park Avenue South, New York.

  • What is ShopKeep's latest funding round?

    ShopKeep's latest funding round is Acquired.

  • How much did ShopKeep raise?

    ShopKeep raised a total of $162.2M.

  • Who are the investors of ShopKeep?

    Investors of ShopKeep include Lightspeed, Tribeca Venture Partners, ORIX Growth Capital, Square 1 Bank, First Data and 9 more.

  • Who are ShopKeep's competitors?

    Competitors of ShopKeep include Ka-ching and 8 more.

You May Also Like

Revel Systems Logo
Revel Systems

Revel Systems develops mobile POS software that provides up-to-the-minute reporting, allowing users to effectively and efficiently track sales at restaurants, grocery, or retail stores in real-time. There is no back-of-house server needed and no mandatory contracts or hidden fees. Revel Systems provides a host of reports that are instantly available anywhere. Users can track any and all locations and for added convenience, grant access to accountants or other business associates.

Lavu Logo
Lavu

Lavu offers a mobile point-of-sale and payment processing system for restaurants and bars. Used in food service establishments, Lavu is a full-featured iPad-based POS system. Offering flexible payment-processing solutions, an intuitive interface, and a proprietary business management suite, Lavu's restaurant management platform is ideal for all food and drink establishments.

Erply Logo
Erply

ERPLY is a software for commercial retail inventory and e-commerce that handles data across several sales locations, online stores and oïƒces and provides real-time dashboards with relevant data. Erply was launched in 2009 as a crystallization of this collective best practice. This meant making the software quicker, improving usability, redesigning the look and feel and getting rid of unnecessary features. It quickly started to win the trust of users in the home market Estonia and neighboring countries and its rapid growth was further fueled after becoming a Seedcamp winner in September 2009.

Stripe Logo
Stripe

Stripe is a financial technology company that builds economic infrastructure for the internet. The company offers an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments through the use of custom-built forms. Stripe's software and APIs allow user's to accept payments, send payouts and manage businesses online. The company serves clients globally with a use case for SaaS, platforms, marketplaces, eCommerce, creater economy, crypto and embedded finance. It was founded in 2010 and is based in San Francisco, California.Per media sources, Stripe did nearly $12B in gross revenue and $2.5B in net revenue in 2021. It is reported to be generating hundreds of millions in EBITDA.

D
Dock

Dock offers credit card processing services. Operating in the B2B market, the company provides electronic payment services to financial institutions and companies. The company was founded in 1997 and is based in Sao Paulo, Brazil.

Computer Perfect Logo
Computer Perfect

Computer Perfect offers lightning online Point of Sale and E-Commerce solutions.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.