MyCheck Raises $6.1m in Series A Round

The waiter-less checkout app for restaurants has raised $6.1m (£3.83) funding from an initial seed round of $1.7m plus another $4.2m.

MyCheck says it will use the money to expand operations and accelerate adoption in its home country, Israel, along with the UK and US, where it has already laid roots.

MyCheck is already accepted in 3,000 places worldwide, benefitting from a deal with Mastercard Israel, and has been integrated with 15 POS systems. The company says its monthly transaction rate it growing by 40 per cent and users in Israel check in 7.5 times each month. See our spotlight on the company for more details about how the platform works.

Funding came from private investors Saban Capital Group, former GTC Poland Chairman, Eli Elroy, Colmobil Vice Chairman Yoav Harlap and existing investors.

Israeli supermodel Bar Refaeli is also an investor.