Tilburg’s Mr. Winston raises €600K for its hospitality POS system

Tilburg-based Mr. Winston has raised €600,000 to further develop its hospitality POS system and expand into more markets.

Founded in 2015, the startup provides a cloud-based POS solution that can work on all devices and operating systems such as iOS and Android. The POS also features additional modules, including reservations, QR ordering, and kitchen screens.

“This flexibility towards the user is lacking in our competition,” Koen Lavrijssen, founder and CTO at Mr. Winston, told TNW.

Mr. Winston counts hundreds of customers in the Netherlands and recently expanded across five more countries in Europe, including Germany and Spain.

The 💜 of EU tech

The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!

In 2023, the startup witnessed 140% growth and is currently seeing increasing demand for its product from hotel restaurants and the fine-dining market.

The funding round marks the company’s first fundraising from external investors, following nine years of growth through bootstrapping.

“Bootstrapping felt like running around in a forest where every tree is on fire,” Lavrijssen said. “But I do believe it forces you to focus on the right things: unit economics.”

“Now, we want to accelerate even faster, and for that, external funding is necessary,” he added.

With the fresh funding, Mr. Winston plans to expand its sales team, scale up marketing, further develop its products, and enter new markets. The round was backed by angel investors.

One of the themes of this year’s TNW Conference is Venture: Show Me The Money. If you want to go deeper into what it takes to get your startup funded, discover the next company to back, or simply experience the event (and say hi to our editorial team), we’ve got something special for our loyal readers. Use the code TNWXMEDIA at checkout to get 30% off your business pass, investor pass or startup packages (Bootstrap & Scaleup).