Mad Mobile Raises $20 Million in Funding  

by Kay Aloha Villamor January 6th, 2023

Mad Mobile, a Tampa, Florida-based connected commerce and mobile payments for retailers and restaurants, announced that it raised $20 million in a financing round led by Eastward Capital Partners.

This capital infusion will accelerate the further development of Mad Mobile's unique technology platform for modern point-of-sale and payments and will fuel commercial market growth. 

"Major retailers and restaurants are seeing significant sales lift and valuable labor efficiencies when they deploy the Mad Mobile platform as a full commerce solution or on top of legacy POS systems," said Bruce Bennett, Chief Executive Officer of Mad Mobile. "This investment acknowledges the sizable market opportunity before us as traditional point-of-sale evolves into a connected commerce experience for both online and in-store."

Mad Mobile has experienced substantial growth in recent years as retail and restaurant mobilization has accelerated. It offers retailers and restaurants a complete solution for modern point-of-sale with mobile POS, mobile ordering, self-checkout, clienteling, mobile fulfillment, and contactless payment. 

As a Fintech player, Mad Mobile's platform processes more than $3B in payments annually. The company is a go-to-market partner for some of the most trusted names in mobility and enterprise software, including Apple, Samsung, Amazon, and Salesforce. 

Company: Mad Mobile Inc.

Raised: $20.0M

Round: Unknown

Funding Month: January 2023

Lead Investors: Eastward Capital Partners

Additional Investors: 

Company Website: https://madmobile.com/

Software Category: Restaurants and Retailers Software

About the Company: Founded in 2010, Mad Mobile is a software company that offers restaurants and retailers software that covers the entire point of the sales process, from mobile ordering to self-checkout. It is building the next-generation digital and mobile experiences globally for more than 21,000 major retail and restaurant locations. Its unique platform creates seamless modern point-of-sale transactions that reimagine how businesses connect with their customers. Top customers include Ralph Lauren, Tractor Supply, Meijer, Texas Roadhouse, Talbots, Aramark, Estee Lauder, Signet Jewelers, PF Chang's, Brooks Brothers, Urban Outfitters, Ike's Love & Sandwiches, Pandora, Snipes, West Marine. The company is headquartered in Tampa, Florida with offices in San Mateo, CA, Houston, TX, Buenos Aires, AR, and Colombo, SL.

Source: https://www.globenewswire.com/news-release/2023/01/05/2583906/0/en/Mad-Mobile-Raises-20M-in-New-Funding.html




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