Funding

TabbedOut raises $23.5M in Series C  

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What does TabbedOut do?

TabbedOut, is a leader in mobile payments for restaurants and bars. The company enables customers in opening, viewing and paying bar or restaurant tabs from their smart phones. The company places the user in control of their tabs at bars and restaurants. Customers can now say goodbye to end of night bar lines and flagging down their server when they are ready to settle the bill. Customers will never have to leave their card at the bar again. It is easier and very secure to hand over the credit card to a stranger. Users just have to open a tab, view the running total and pay it instantly all from their phone.

Users can also split the tab among friends, post to social networking sites such as Twitter or Facebook and let their friends know where they are dining and send a good or bad review of their experience, receive offers sent from their favourite venue to their phone directly.

How much TabbedOut was funded?

TabbedOut raised $2M in Series C on December 10, 2015 from Alterna Capital Partners

Previous funding

  • $500k on January 12, 2010 from Angel Syndicate, Trellis Partners and Raven Venture Partners
  • $2.05M in Series A on October 4, 2010 from New Enterprise Associates
  • $3.7M in Series A on May 9, 2011 from New Enterprise Associates
  • $3.51M on June 26, 2012
  • $7.75M in Series B on October 4, 2013 from New Enterprise Associates, Heartland Payment Systems and Morgan Creek Capital Management
  • $21.5M in Series C on June 4, 2015 from Wellington Management, Morgan Creek Capital Management, New Enterprise Associates

What is next for TabbedOut

TabbedOut has originally announced in June 2015 and since then the company has landed account teams in Orange County, Nashville, Chicago, Boston, Houston and Miami. The funding will help the company in expanding to 20 planned U.S. metro areas and then launch internationally soon thereafter.

More about TabbedOut

TabbedOut was founded on June 24, 2009 by Jeffrey Kalikstein, David Lemley and Rick Orr. The company has its headquarters in Austin, TX. The company removes the hassles out of dining out for good.

 

 

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