• FOUNDING YEAR: 2009
    LOCATION:
    United States
    REGION:
    TX
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Payment API, Payment tools, Recurring billing. It is the easiest way to pay at a bar or restaurant.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
T.G.I Friday's
EXISTING PARTNERSHIPS:
Harbourtouch, FuturePOS, MasterCard, Pernod Ricard,Google Wallet
COMMENT
TabbedOut provides no specialty hardware to restaurants and doesn’t allow customers to order food. Its free app provides the same fast checkout as Apple Pay or GoogleWallet, with custom analytics to the dining venue and rewards from Citibank and other partners to diners.

PEOPLE

FOUNDERS:
David Lemley, Rick Orr, Jeffrey Kalikstein
Board Members and Advisors:
Rick Orr
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
New Enterprise Associates, Morgan Creek Capital Management, NEA, Wellington Management, Heartland Payment Systems, Trellis Partners, Raven Venture Partners, Angel Syndicate, Eric Simone, Heartland Payment Systems Inc., David Wieland, John Hime, Kevin McKeand

TRACTION

VALUATION / MARKET CAP:
$268.75 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$35.55 Millions
SEED & PRIOR FUNDING:
$500 K
FUNDING SERIES:
SERIES A
$5.75 Millions Closed:
SERIES B
$7.8 Millions Closed:
SERIES C
$21.5 Millions Closed:
COMMENTS
SERIES A : $3.51M - Debt
LISTED:
NO

LATEST RESEARCH