Tuesday, December 20, 2016

Appetize Raises $20M In Funding, Ramps Hiring

Los Angeles-based point-of-sale technology developer Appetize said Tuesday that it has raised $20M in a new funding round, led by private equity investor Shamrock Capital Advisors. Oak View Group, led by Tim Leiweke and Irving Azoff, also participated, along other investors. As part of the funding, the company said that Shamrock's Andy Howard and Alan Resnikoff have joined the company's board of directors, with Oak View's Leiweke joining as an observor. Appetize develops tablet-based point-of-sale systems, which are being used to replace legacy systems in the sports, entertainment, and other areas. Appetize said it will use the new funding to expand its team, which it says it hopes to grow to over 150 employees split across offices in Los Angeles, New York and Atlanta, by mid-2017. More information »