Gastrofix, the developer of a cloud-based point-of-sale system for the hospitality sector, has raised series B funding from brewery Radeberger.

Alcoholic beverage producer Radeberger has provided €8m ($8.6m) in series B funding for Germany-based point-of-sale technology developer Gastrofi.

Gastrofix has developed a cloud-based point-of-sale system aimed at the hospitality sector. The company was originally launched in 1990 but failed during the dot-com bubble before being sold to rival TCPOS in 2001.

Chief executive Dirk Owerfeldt bought back the rights to the Gastrofix brand in 2011 and relaunched the company.

The series B funding will be used to support growth and…