ShopKeep Raises $10 Million for iPad-Based Point-of-Sale Service

New York-based ShopKeep POS has raised $10 million to continue the development of its application that allows merchants to manage inventory, track customers and conduct transactions from an iPad. The second round of funding was led by Canaan Partners, with Tribeca Venture Partners and TTV Capital also participating. The company is already serving 3,000 merchants and is working with several partners, including LevelUp, Dwolla and PayPal. It has raised $12.2 million to date.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald