The recent fundraising follows a Series A round of EUR 20 million raised eight months ago, bringing Tebi’s total capital to EUR 56 million. The startup plans to use this investment to expand into the UK and other international markets, as well as to develop advanced AI tools for small and mid-sized businesses (SMBs). Currently employing 35 staff members, Tebi expects its headcount to double by the end of the year with roles being advertised in both Amsterdam and London.
Tebi offers a subscription-based software platform specifically designed for restaurants, bars, and similar establishments. The solution integrates payment processing along with functionalities such as reservations, inventory management, and reporting. According to Tebi, businesses in the Netherlands are already using its system to process nine-figure payment volumes annually.
From side project to operational platform
Tebi’s journey began in 2020 when one of its co-founders started developing software to help a local bar simplify tax reporting during lockdowns. This technical exploration eventually transformed into a product that provides comprehensive business support tools for the hospitality industry.
While Tebi operates within an already crowded market, focusing on POS systems and reservation platforms, it seeks to differentiate by combining these services into a single enterprise-level platform. The growing regulatory push towards real-time tax reporting in certain countries has also influenced Tebi’s product development strategy.
CapitalG’s investment reflects its interest in European tech startups that cater to SMBs. A CapitalG representative noted that many small businesses in Europe still rely on traditional, bank-provided payment solutions, which can be costly and fragmented. The partner leading the deal observed similarities between Europe’s current SMB payments landscape and what existed in the U.S. before the rise of integrated software-based systems.