30. September 2013–
Germany's Fabian and Ferry Heilemann, famed for selling DailyDeal to Google for $114m then buying it back, have made another purchase: a majority stake in Pepperbill, one of a growing number of companies offering new mobile POS solutions.
Pepperbill – like fellow German tech company Orderbird – is aimed at the hospitality sector. It allows restaurant staff to place orders and settle payments using an iPhone or iPad. Founded in 2012 by Marcel Mansfeld, Andreas Stein and Volker Herwig, Pepperbill claims to work with hundreds of businesses in over 70 cities in Germany. It is based in Erfurt and employs a team of 12.
The Heilemann brothers now own 60 per cent of the company through holding company Sky & Sand GmbH. The financial terms of the deal weren't disclosed.
Ferry Heilemann will now become Managing Director of Pepperbill. In a press statement in German, he said that the brothers had looked at a number of mobile POS system providers before deciding to invest – and suggested DailyDeal's contact book of restaurants could be used to grow Pepperbill's business.
Berlin-based Orderbird offers a similar mobile POS system for iPhone and iPad. According to the company's website, as at August 2013, it employed about 45 and had over 1500 customers in Germany, Austria and Switzerland.
Image credit: Marcel Mansfeld and Ferry Heilemann via Pepperbill