Orderbird

Orderbird

Offers intuitive software solutions and additional services for independent restaurateurs.

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$145m

Valuation: $145m

Acquisition
Total Funding000k

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Revenues, earnings & profits over time
EUR2016201720182019202020212022
Revenues0000000000000000000000000000
% growth-61 %(45 %)----
EBITDA0000000000000000000000000000
Profit0000000000000000000000000000
% profit margin(157 %)(50 %)(44 %)----
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

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More about Orderbird
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Orderbird AG, a company headquartered in Berlin, provides a cloud-based point-of-sale (POS) system specifically designed for the hospitality industry in Germany, Austria, Switzerland, and France. The company was established in 2011 by a team with direct experience in the sector: Jakob Schreyer, a serial entrepreneur and son of a restaurateur; Bastian Schmidtke, a software developer; Patrick Brienen, a designer; and Artur Hasselbach. Their collective background in gastronomy and technology spurred the development of a solution to modernize and simplify restaurant operations.

The core of Orderbird's offering is an iPad-based POS system that aims to streamline various front-of-house and back-office tasks for independent restaurateurs, cafes, bars, and food trucks. The system facilitates digital ordering, processes a wide array of cashless payments including debit/credit cards and mobile payments, and helps businesses comply with local financial regulations. Beyond basic transactions, the platform includes features for managing table service, creating and updating digital menus, and generating end-of-day reports for financial oversight. This comprehensive approach allows business owners to manage their operations more efficiently from a single, portable device.

Orderbird's business model combines hardware sales with a software-as-a-service (SaaS) subscription. Clients purchase the necessary hardware, such as iPads and card readers, and then pay a recurring fee for access to the software and its features, including updates and customer support. This model provides a steady revenue stream for the company while offering scalability for its clients. Over the years, Orderbird has secured significant funding from investors like METRO, Digital+ Partners, and NEXI, enabling its expansion and continuous product development.

Keywords: restaurant POS, hospitality tech, iPad cash register, mobile payment processing, gastronomy software, SaaS, food and beverage, digital ordering, financial compliance, cloud-based POS

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Investments by Orderbird

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Split
ACQUISITION by Orderbird Mar 2023
Split Tech Solutions
ACQUISITION by Orderbird Mar 2024