What is TabbedOut?
TabbedOut offers a comprehensive digital solution for pop-up bar events, integrating turn-key digital menus, mobile ordering, and payment systems. Its powerful POS system is designed to streamline operations and enhance customer experiences, specifically targeting high-volume bars. The platform provides essential business tools for detailed reporting and analytics, supported by 24/7 assistance. Powered by Union, TabbedOut aims to drive revenue growth and keep its clients at the forefront of event industry innovation.
How much funding has TabbedOut raised?
TabbedOut has raised a total of $39.4M across 6 funding rounds:
Angel/Seed
$500K
Series A
$5.8M
Debt
$3.5M
Series B
$7.8M
Series C
$21.5M
Debt
$350K
Angel/Seed (2009): $500K, investors not publicly disclosed
Series A (2011): $5.8M, investors not publicly disclosed
Debt (2012): $3.5M supported by New Enterprise Associates
Series B (2013): $7.8M featuring Morgan Creek Capital Management, Heartland, and New Enterpise Associates
Series C (2015): $21.5M backed by Morgan Creek Capital Management, Wellington Management Company LLP., and NEA
Debt (2020): $350K with participation from PPP
Key Investors in TabbedOut
Morgan Creek Capital Management
Morgan Creek Capital Management is an asset manager founded by Mark Yusko, the former CIO of the University of North Carolina Endowment. Morgan Creek uses an endowment-like approach to investing, specializing in targeting opportunistic-focused investments. The firm has decades of investment experience and relationships around the globe, and is a thematic investor focusing on important secular trends such as innovative technology, digital assets, the wealth transfer to developing markets, next generation consumers, as well as demographics and new models in healthcare.
Wellington Management Company LLP.
Wellington Management Company, LLP is a global, independent investment management firm based in Boston, Massachusetts. It provides institutional clients with portfolio management, research, and tailored investment solutions across equities, fixed income, multi-asset, and alternative strategies.
NEA
NEA (New Enterprise Associates) is a venture capital firm focused on helping entrepreneurs build businesses, established in 1977 and headquartered in Menlo Park, California.
What's next for TabbedOut?
With a major strategic investment and substantial total funding of $39.4M, TabbedOut is poised for significant expansion and technological advancement. The company's focus on enhancing event operations through digital menus and mobile ordering suggests a strategic push to capture a larger share of the event technology market. Future developments are likely to involve further integration of its POS system, enhanced analytics capabilities, and potentially expanding its service offerings to a broader range of hospitality venues. The recent capital infusion will likely fuel product development, market penetration, and strategic partnerships to solidify its position as an innovator in the event and hospitality technology space.
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