Tabbedout Picks Up First Round Totaling $5.75 Million
Tabbedout, which aims to create a way to pay your restaurant bill on a smartphone rather than hand over your credit card, has raised $3.7 million in additional funding from New Enterprise Associates. The company’s first round now totals $5.75 million. Its payment platform is now being used in bars and restaurants in 20 states. The Austin, Texas-based company also announced MICROS, a point of sale vendor, will embed the software in its equipment.