Growth Capital Ventures (GCV) , an online investment platform based in the UK, is reporting on an exit from QikServ has been acquired by The Access Group, according to the company.
QikServe is a private firm that aims to enable online ordering and digital payment solutions for restaurants – globally. Investors participating in the offering were said to have invested alongside institutional money, including Maven Capital Partners and Par Equity.
According to the offering page, the sale on GCV raised £2.62 million in 2018. The sale was EIS-qualified, so investors received material tax benefits. The specifics on the initial investment and the sale were not available, but GCV stated that investors received a “profitable return.”
The Access Group is said to be one of the largest UK-headquartered business management software providers, serving over 100,000 SMEs in commercial and non-profit sectors across Europe, the USA, and APAC.
Founded in 2011, QikServe already operates in the UK and USA along with customers in 44 countries around the world. Its clients include restaurants, theatres, hotels, education, and sports stadiums, processing over 50 million transactions for their partners last year.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
