Osnabrück-based firm VisioLab has raised an $11 million Series A funding round co-led by eCAPITAL Entrepreneurial Partners and Simon Capital, with participation from HTGF (High-Tech Gründerfonds), APX (Axel Springer & Porsche Accelerator), and the zwei.7 family office.
- Founded in 2018 by Tim Niekamp and Iwo Leonhard Gernemann, the company develops an AI-powered self-checkout system that uses computer vision to identify food items in real time and combine checkout, POS, and payment into a single iPad-based system.
- It is designed for high-traffic venues including stadiums, universities, and corporate dining environments, and is already deployed across major sports and entertainment venues in North America, including NFL, NBA, MLS, and NHL arenas such as the Orlando Magic’s Kia Center and Inter Miami CF’s stadium.
- VisioLab reports more than 500 deployed units worldwide, over 1 million monthly transactions, and a cumulative transaction volume of around $100 million, with recognition accuracy above 99% and throughput gains of 3–6x compared to traditional checkout systems, alongside claims of up to 70% faster transaction times in live environments.
Details of the deal
- The new funding will support international expansion and further development of its integrated checkout-to-payment platform, enabling VisioLab to scale its deployments across new markets, strengthen product capabilities, and accelerate adoption among large food service operators and high-traffic venues globally.
