The R/GA-backed payment processing and inventory management software has now raised $20m in each of its last two funding rounds.

Appetize, a US-based point-of-sale (POS) technology developer backed by marketing firm R/GA, has secured $20m in a series B round led by private equity firm Shamrock Capital Advisors.

Silicon Valley Bank also participated in the round, which boosted Appetize’s overall funding score to more than $45m.

Founded in 2011, Appetize provides cloud-based POS software that helps merchants in sectors such as the event promotion, retail and restaurant industries process payments and manage their stock inventories.

The company’s offering includes a…

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