Point-of-sale (POS) technology might not be the sexiest of sectors, but it is a vital cog in the commercial wheel for the restaurant and retail industries. And that is why venture capitalists (VCs) and Wall Street have a certain affinity for POS startups.
After raising nearly $600 million in VC cash, Jack Dorsey’s Square at an IPO price of $9, and today its shares are trading at more than 700 percent over that. Elsewhere, Montréal-based Lightspeed POS last month after raising nearly $300 million, while New York’s TouchBistro has raised north of $100 million, including last summer. Meanwhile, the mighty PayPal is currently in the process of its of European POS startup iZettle.
And it’s against that backdrop that Boston-based today announced a chunky $250