Mad Mobile Raises $20M

Mad Mobile, a Tampa, FL-based provider of a connected commerce and mobile payments for retailers and restaurants, raised $20M in funding.

The round was led by Eastward Capital Partner.

The company intends to use the funds to accelerate development of its technology platform for modern point-of-sale and payments, and commercial market growth.

Led by CEO Bruce Bennett, Mad Mobile provides a platform that creates modern point-of-sale transactions for businesses to connect with their customers. It is building digital and mobile experiences for more than 21,000 major retail and restaurant locations. Customers include Ralph Lauren, Tractor Supply, Meijer, Texas Roadhouse, Talbots, Aramark, Estee Lauder, Signet Jewelers, PF Chang’s, Brooks Brothers, Urban Outfitters, Ike’s Love & Sandwiches, Pandora, Snipes, and West Marine.