Tebi Series A Round, October 2024

Tebi, a Netherlands-based payments platform co-founded by Arnout Schuijff, has raised €20 million in a Series A funding round led by Index Ventures. The platform, which focuses on providing retail and hospitality businesses with integrated financial tools, offers solutions for payments, reservations, and inventory management. With the new funding, Tebi aims to enhance its product development and expand its operations beyond the Netherlands. The platform is designed to help small and medium-sized businesses streamline their operations by using tools typically accessible to larger companies.

Tebi’s mission is to simplify the management of financial and operational tasks for businesses, providing a comprehensive platform that integrates multiple services into a single solution. By doing so, it enables business owners to make informed, data-driven decisions and optimize their operations efficiently. The company’s technology is tailored to meet the needs of retail and hospitality sectors, allowing users to handle payments, manage reservations, and track inventory seamlessly.

Index Ventures, the lead investor in this round, brings significant expertise in scaling businesses globally, which aligns with Tebi’s goal of expanding beyond its home market. The investment will support Tebi’s plans to grow its user base across Europe, offering its services to a broader range of businesses in the retail and hospitality industries.

Schuijff, who co-founded Adyen, one of the leading global payment platforms, brings valuable industry experience to Tebi. His vision for the company is to empower small businesses by giving them access to the same level of technology that larger companies use, without the complexity or cost typically associated with such tools.

The €20 million funding round marks a significant milestone for Tebi as it continues to evolve its platform and scale its operations. The funds will also be used to recruit top talent, further develop the platform’s features, and establish partnerships with businesses across new markets. This growth strategy is expected to strengthen Tebi’s position as a key player in the payments industry, particularly within Europe’s retail and hospitality sectors.

Tebi’s focus on providing businesses with an all-in-one platform has already garnered attention, and this new round of investment will help the company enhance its services while reaching more customers. By simplifying financial and operational processes, Tebi aims to help businesses improve efficiency, reduce costs, and ultimately, drive growth.

In summary, the €20 million funding secured by Tebi from Index Ventures and other investors will accelerate the company’s expansion efforts and further develop its integrated payments platform. With a strong leadership team and backing from experienced investors, Tebi is poised to make significant strides in transforming the way small businesses manage their financial and operational needs.

Tebi Raises $22 million Series A to Transform Retail and Hospitality Operations

Amsterdam-based startup Tebi has raised $22 million in a Series A funding round

Who is funding

This round was led by Index Ventures and marks the company’s first institutional investment since its founding three years ago.

What is the funding for

The funding is set to accelerate Tebi’s product development and expand their global reach to beyond the Netherlands. Tebi aims to bring its all-in-one platform to independent businesses around the world, offering a range of operational tools such as point of sale, payments, inventory management, and bookkeeping. The platform has processed over $109 million annually and has garnered hundreds of merchants on board.

About the company

The Dutch company was founded in 2021 by former Adyen executives Arnout Schuijff and Rob Vonk, alongside other industry veterans. Tebi seeks to replace fragmented point solutions with a single, comprehensive platform. Schuijff, who serves as CEO, was motivated by the challenges faced by small businesses like cafes and shops, which often have to rely on expensive, inefficient financial software. Tebi’s platform provides a one-stop-shop for all their operational needs, allowing businesses to run smoothly without the need for complex, costly setups.

Xander Waller, a long-time hospitality professional who runs a bar in Amsterdam stated: “The whole thing with Tebi is that it’s super easy to work with. It’s like an iPhone, basically everyone can use it from the get-go, so you don’t need to explain anything... In a fast-paced environment, where every minute counts, Tebi ensures... there’s no loss of revenue or miscommunication between the kitchen and the servers; there’s a super clear flow of money, and it’s very clear how the money is earned.”

The importance of retail and hospitality

Their mission is rooted in the belief that hospitality and retail businesses are vital to local communities. By providing them with affordable, easy-to-use technology, Tebi aims to level the playing field for small businesses and empower them to compete with larger enterprises. The company’s mobile-first platform can run on everyday devices like smartphones, significantly lowering the cost of entry for business owners.

Partner statements

“It’s inspiring to partner with founders who are as values-driven and mission-oriented as they are technically talented. We believe that companies who put their customers first will naturally succeed. By combining a deep respect for the people in this industry with unparalleled fintech expertise, Arnout and the Tebi team have the potential to create new standards of excellence for business software.” – Jan Hammer, Partner at Index Ventures

“We’re bringing all the lessons we learnt at Adyen to give these businesses the tools they need to be sustainable. Our goal is to become the operational partner for independent businesses, helping to make better decisions every day, and freeing up owners to bring their full creativity and passion to this critical vocation. By giving access to the same capabilities as large-scale operations, we want to help level the playing field for the businesses that bring life to our cities and neighborhoods.” – Arnout Schuijff, CEO & Co-Founder of Tebi

Tebi Raises $22 million Series A to Transform Retail and Hospitality Operations

Amsterdam-based startup Tebi has raised $22 million in a Series A funding round

Who is funding:

This round was led by Index Ventures and marks the company’s first institutional investment since its founding three years ago.

What is the funding for:

The funding is set to accelerate Tebi’s product development and expand their global reach to beyond the Netherlands. Tebi aims to bring its all-in-one platform to independent businesses around the world, offering a range of operational tools such as point of sale, payments, inventory management, and bookkeeping. The platform has processed over $109 million annually and has garnered hundreds of merchants on board.

About the company

The Dutch company was founded in 2021 by former Adyen executives Arnout Schuijff and Rob Vonk, alongside other industry veterans. Tebi seeks to replace fragmented point solutions with a single, comprehensive platform. Schuijff, who serves as CEO, was motivated by the challenges faced by small businesses like cafes and shops, which often have to rely on expensive, inefficient financial software. Tebi’s platform provides a one-stop-shop for all their operational needs, allowing businesses to run smoothly without the need for complex, costly setups.

Xander Waller, a long-time hospitality professional who runs a bar in Amsterdam stated: “The whole thing with Tebi is that it’s super easy to work with. It’s like an iPhone, basically everyone can use it from the get-go, so you don’t need to explain anything... In a fast-paced environment, where every minute counts, Tebi ensures... there’s no loss of revenue or miscommunication between the kitchen and the servers; there’s a super clear flow of money, and it’s very clear how the money is earned.”

The importance of retail and hospitality

Their mission is rooted in the belief that hospitality and retail businesses are vital to local communities. By providing them with affordable, easy-to-use technology, Tebi aims to level the playing field for small businesses and empower them to compete with larger enterprises. The company’s mobile-first platform can run on everyday devices like smartphones, significantly lowering the cost of entry for business owners.

Partner statements

“It’s inspiring to partner with founders who are as values-driven and mission-oriented as they are technically talented. We believe that companies who put their customers first will naturally succeed. By combining a deep respect for the people in this industry with unparalleled fintech expertise, Arnout and the Tebi team have the potential to create new standards of excellence for business software.” – Jan Hammer, Partner at Index Ventures

“We’re bringing all the lessons we learnt at Adyen to give these businesses the tools they need to be sustainable. Our goal is to become the operational partner for independent businesses, helping to make better decisions every day, and freeing up owners to bring their full creativity and passion to this critical vocation. By giving access to the same capabilities as large-scale operations, we want to help level the playing field for the businesses that bring life to our cities and neighborhoods.” – Arnout Schuijff, CEO & Co-Founder of Tebi

Tebi, a Netherlands-based payments platform co-founded by Arnout Schuijff, has raised €20 million in a Series A funding round led by Index Ventures. The platform, which focuses on providing retail and hospitality businesses with integrated financial tools, offers solutions for payments, reservations, and inventory management. With the new funding, Tebi aims to enhance its product development and expand its operations beyond the Netherlands. The platform is designed to help small and medium-sized businesses streamline their operations by using tools typically accessible to larger companies.

Tebi’s mission is to simplify the management of financial and operational tasks for businesses, providing a comprehensive platform that integrates multiple services into a single solution. By doing so, it enables business owners to make informed, data-driven decisions and optimize their operations efficiently. The company’s technology is tailored to meet the needs of retail and hospitality sectors, allowing users to handle payments, manage reservations, and track inventory seamlessly.

Index Ventures, the lead investor in this round, brings significant expertise in scaling businesses globally, which aligns with Tebi’s goal of expanding beyond its home market. The investment will support Tebi’s plans to grow its user base across Europe, offering its services to a broader range of businesses in the retail and hospitality industries.

Schuijff, who co-founded Adyen, one of the leading global payment platforms, brings valuable industry experience to Tebi. His vision for the company is to empower small businesses by giving them access to the same level of technology that larger companies use, without the complexity or cost typically associated with such tools.

The €20 million funding round marks a significant milestone for Tebi as it continues to evolve its platform and scale its operations. The funds will also be used to recruit top talent, further develop the platform’s features, and establish partnerships with businesses across new markets. This growth strategy is expected to strengthen Tebi’s position as a key player in the payments industry, particularly within Europe’s retail and hospitality sectors.

Tebi’s focus on providing businesses with an all-in-one platform has already garnered attention, and this new round of investment will help the company enhance its services while reaching more customers. By simplifying financial and operational processes, Tebi aims to help businesses improve efficiency, reduce costs, and ultimately, drive growth.

In summary, the €20 million funding secured by Tebi from Index Ventures and other investors will accelerate the company’s expansion efforts and further develop its integrated payments platform. With a strong leadership team and backing from experienced investors, Tebi is poised to make significant strides in transforming the way small businesses manage their financial and operational needs.

Tebi Raises $22 million Series A to Transform Retail and Hospitality Operations

Amsterdam-based startup Tebi has raised $22 million in a Series A funding round

Who is funding:

This round was led by Index Ventures and marks the company’s first institutional investment since its founding three years ago.

What is the funding for:

The funding is set to accelerate Tebi’s product development and expand their global reach to beyond the Netherlands. Tebi aims to bring its all-in-one platform to independent businesses around the world, offering a range of operational tools such as point of sale, payments, inventory management, and bookkeeping. The platform has processed over $109 million annually and has garnered hundreds of merchants on board.

About the company

The Dutch company was founded in 2021 by former Adyen executives Arnout Schuijff and Rob Vonk, alongside other industry veterans. Tebi seeks to replace fragmented point solutions with a single, comprehensive platform. Schuijff, who serves as CEO, was motivated by the challenges faced by small businesses like cafes and shops, which often have to rely on expensive, inefficient financial software. Tebi’s platform provides a one-stop-shop for all their operational needs, allowing businesses to run smoothly without the need for complex, costly setups.

Xander Waller, a long-time hospitality professional who runs a bar in Amsterdam stated: “The whole thing with Tebi is that it’s super easy to work with. It’s like an iPhone, basically everyone can use it from the get-go, so you don’t need to explain anything... In a fast-paced environment, where every minute counts, Tebi ensures... there’s no loss of revenue or miscommunication between the kitchen and the servers; there’s a super clear flow of money, and it’s very clear how the money is earned.”

The importance of retail and hospitality

Their mission is rooted in the belief that hospitality and retail businesses are vital to local communities. By providing them with affordable, easy-to-use technology, Tebi aims to level the playing field for small businesses and empower them to compete with larger enterprises. The company’s mobile-first platform can run on everyday devices like smartphones, significantly lowering the cost of entry for business owners.

Partner statements

“It’s inspiring to partner with founders who are as values-driven and mission-oriented as they are technically talented. We believe that companies who put their customers first will naturally succeed. By combining a deep respect for the people in this industry with unparalleled fintech expertise, Arnout and the Tebi team have the potential to create new standards of excellence for business software.” – Jan Hammer, Partner at Index Ventures

“We’re bringing all the lessons we learnt at Adyen to give these businesses the tools they need to be sustainable. Our goal is to become the operational partner for independent businesses, helping to make better decisions every day, and freeing up owners to bring their full creativity and passion to this critical vocation. By giving access to the same capabilities as large-scale operations, we want to help level the playing field for the businesses that bring life to our cities and neighborhoods.” – Arnout Schuijff, CEO & Co-Founder of Tebi