Swiss iKentoo has raised €4.6 million. The company develops and provides business management systems for the hospitality industry.
Founded in Geneva in 2011, iKentoo has over 2,500 customers in 14 countries who use its iPad-based Point of Sale and ERP systems. Since 2013, the company has grown 600%, and over 46 million transactions are carried out annually using iKento.
The new funding will be used to open a fully staffed technical, sales and support office in Zurich, and further develop its presence in France, Germany and Spain.
The capital will also help enable iKentoo to accelerate its growth. According to Serge Sozonoff, co-founder and joint CEO, “Client satisfaction with our products and service is paramount. The additional funds will enable us to meet the continued strong demand for our products, fuel our technical and product innovation and provide even higher service levels to our clients”.
Read more: Startupticker.ch (Press release)