Tebi, an innovative hospitality operating system based in Amsterdam, has successfully raised €30 million in Series B funding from Alphabet's CapitalG. Initially launched as a simple POS system in 2012, Tebi has evolved into a comprehensive software solution for the hospitality and retail sectors. The funding will primarily be used for international expansion into the UK and to double its workforce. Tebi's platform addresses the significant underutilization of point-of-sale applications in Europe, solidifying its position in a lucrative market that presents ample opportunity for growth.
Tebi's all-in-one hospitality operating system is set to revolutionize the industry, leveraging €30 million in funding to enhance its offerings and expand in Europe.
The company aims to close the €500 billion gap in European hospitality software by providing a unified platform tailored for SMEs, unlike others in the market.
Tebi is rapidly scaling its operations, planning to double its workforce and establish a robust presence in the UK market, reflecting significant growth potential.
With over 1.5 million SMEs in the food and beverage sector, Tebi's platform addresses a critical need, capitalizing on the low adoption of POS systems in Europe.
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