What is TabbedOut?
TabbedOut provides a comprehensive digital platform designed to enhance pop-up bar events and high-volume establishments. Its turn-key solution integrates digital menus, mobile ordering, and payment systems, powered by a robust POS system. This technology streamlines operations, elevates customer experiences, and offers detailed reporting and analytics for businesses. The company, backed by Union, aims to boost revenue and position 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, New Enterpise Associates, and Heartland
Series C (2015): $21.5M backed by Morgan Creek Capital Management, NEA, and Wellington Management Company LLP.
Debt (2020): $350K with participation from PPP
Key Investors in TabbedOut
Morgan Creek Capital Management
Morgan Creek Capital Management is an asset manager specializing in opportunistic investments, with a focus on secular trends like innovative technology and digital assets. Their deep investment experience and global relationships support companies aiming for significant market impact.
NEA
NEA (New Enterprise Associates) is a prominent venture capital firm established in 1977, dedicated to empowering entrepreneurs in building successful businesses. They are known for their broad investment focus across various technology sectors.
Wellington Management Company LLP.
Wellington Management Company is a global, independent investment management firm offering tailored solutions across diverse asset classes. Their expertise in institutional investment management supports companies with robust financial strategies.
What's next for TabbedOut?
With a recent major strategic investment and substantial overall funding, TabbedOut is poised for significant growth. The company's focus on enhancing operational efficiency and customer experience through digital transformation in the events and hospitality sector positions it well for scaling. Future developments will likely involve expanding its service offerings, deepening its market penetration, and leveraging its technology to capture a larger share of the event management and point-of-sale market. The strategic backing suggests a focus on market consolidation or aggressive expansion initiatives.
See full TabbedOut company page
