Tebi, the Dutch startup growing an all-in-one working system for small hospitality companies, has raised €30 million in a Sequence B spherical led by CapitalG, the expansion fund backed by Alphabet.
Index Ventures additionally participated, reaffirming their help simply eight months after becoming a member of Tebi’s Sequence A. This newest injection brings Tebi’s complete funding to €56 million, and units the stage for growth into the UK and additional European markets.
Tebi CEO Arnout Schuijff defined his motivation: “Hospitality homeowners don’t open their doorways as a result of they love integrating 5 completely different software program programs or wrestling with guide stock counts at 2 AM. They do it for the craft, the group, the look of enjoyment within the clients’ eyes once they have an incredible night.“
Based in 2021 by Arnout Schuijff, Co-founder of Adyen and Bibit, Tebi started as a challenge to assist a buddy handle bar gross sales extra effectively. What began as a digital substitute for a pen-and-paper ledger has grown right into a complete hospitality OS that integrates point-of-sale, funds, kitchen shows, reservations, stock, and bookkeeping – all supported by a real-time accounting spine.
Becoming a member of Schuijff and Co-founder/CTO Rob Vonk are two new government hires: Aki Tas, former head of enterprise technique at Notion, who joined as COO final yr; and Patrick Studener, beforehand with Uber and Wolt, who turned CCO earlier this yr. The corporate plans to double its crew from 35 to 70, utilizing the recent capital to additional refine its product and develop its footprint.
Tebi is already being utilized by a variety of eating places and meals distributors throughout the Netherlands, processing 9 figures in annual funds.
Europe’s hospitality SMEs face a frightening mixture of outdated infrastructure and fragmented instruments. In contrast to the US, the place smooth, tablet-based programs dominate, European companies usually depend on legacy bank-issued terminals – nonetheless dealing with over 75% of SME fee quantity, as per CapitalG. Since these machines will not be offered alongside trendy software program, adoption of the latter stays low: Solely ~39% of eating places leverage a degree of sale (POS) utility (vs. 95%+ within the US), not to mention use one for reservations, stock monitoring or bookkeeping.
This, mixed with country-specific tax and regulatory complexity, leads to low software program adoption and a disjointed operational panorama. Tebi goals to alter this by providing tightly built-in software program that automates all the things from buyer transactions to nightly reconciliation.
With its ‘subledger’ structure, Tebi claims it will probably scale from single meals stalls to massive restaurant teams, enabling seamless real-time information throughout all operations. This technical core powers AI-driven options reminiscent of clever onboarding and sensible suggestions, promising to simplify workflows and cut back friction throughout the board.
Tebi’s mission resonates strongly with its customers, in response to suggestions collected from eating places throughout Amsterdam. A Japanese road meals vendor and a waterfront seafood eatery alike expressed satisfaction with the system’s ease of use, characteristic richness, and transparency in pricing.
Whereas the startup is already nicely underway within the Netherlands, its UK launch marks the subsequent step in what the crew sees as a Europe-wide transformation.
CEO Schuijff added: “We’re constructing one thing essentially completely different. Not one more software so as to add to the stack, however changing them with a whole monetary working system that thinks like hospitality works.”
Because the software-led funds motion good points momentum in Europe, Tebi positions itself not simply as a POS supplier however as a every day important for hospitality companies.
The corporate’s imaginative and prescient – to empower entrepreneurs to concentrate on their craft as a substitute of again workplace complexity – might resonate far past its dwelling bar in Amsterdam.
