TabbedOut Raises $7.75M in Series B Funding

TabbedOut, an Austin, TX-based mobile payments platform, raised $7.75m in Series B funding.

Backers included New Enterpise Associates, Morgan Creek Capital Management, and Heartland Payment Systems.

The company intends to use the funds to accelerate growth and expand nationally.

Launched in 2009 and led by Alex Broeker, CEO, TabbedOut provides a mobile application that allows customers to open, review, and pay their tab from their phones in bars and restaurants. When locations use Tabbedout for payment, their POS System automatically gathers customer purchase history and feedback, creating comprehensive customer profiles and lists to offer rewards to existing customers and incentives to bring new ones in.
It is available in thousands of locations nationwide with integrations with over 70% of the US hospitality POS providers.
The company, which has now raised over $13m in funding, is hiring.



09/05/2011: Tabbedout Closes $5.75M Series A Venture Capital Round

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