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.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald