The latest round of investment comes after the startup raised EUR 20 million in Series A funding eight months earlier. This brings Tebi’s total capital to EUR 56 million. The funds will be used for international expansion into markets such as the UK and beyond, with a particular focus on developing advanced AI tools that assist small and mid-sized businesses (SMBs). Currently employing 35 people, the company aims to double its workforce by year-end, with roles advertised in both Amsterdam and London.
Tebi provides a subscription-based software platform tailored for restaurants, bars, and other similar establishments. The system integrates payment processing with features like reservations, inventory management, and reporting functionalities. According to Tebi, merchants in the Netherlands are already handling annual payment volumes of nine figures through its platform.
From a small project addressing tax reporting during lockdowns, Tebi has grown into an operational platform serving the hospitality industry on a wider scale. Its approach focuses on combining various services—such as POS systems and reservation tools—into a comprehensive enterprise-level solution. The increasing regulatory push for real-time tax reporting in some countries is said to be one of the key factors guiding Tebi’s product development.
CapitalG’s interest aligns with its pattern of investing in European tech startups that cater to SMBs. A CapitalG representative noted that many small businesses in Europe currently use traditional, bank-provided payment solutions, which can be expensive and disjointed. This investment highlights a shift towards more integrated software-based systems similar to what emerged in the U.S. market before.