mPOS vendor raises $16m in VC round

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Miura Systems Limited, a UK-based provider of mPOS devices has closed a $16m fundraising round, led by London-based investmend syndicate, DFJ Esprit Secondaries (DFJES).

The company has sold off a minority stake to speed-up growth in a VC round that included participation from various DFJES funds.

“This transaction provides not only additional capital to support our ambitious growth plans but also additional input at board level to help refine our strategy and enable us to execute more quickly,” said Ian Rutland, CEO of Miura.

Miura Systems was founded by the team behind chip-and-PIN manufacturer, Dione plc and launched its first product four years ago. It now provides mPOS orientated secure electronic payment devices, and has worked with PayPal and iZettle.

The company says it has sold one million units and has processed over $4 billion in transactions through its devices.

“We are excited to be leading this investment and to be supporting Miura and its impressive team as they accelerate their growth globally,” said Olav Ostin, managing partner of DFJES, who has joined the Miura Board.

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