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- Tabit
Tabit Funding, Investors & Competitors
Tabit has raised $105M across 4 funding rounds, most recently a $40M Series C in August 2022.
Last Tabit funding round
$40M
Series C · Aug 2022
Cumulative funding Tabit raised
$105M
across 4 funding rounds
Key investors in Tabit
Pitango VC
Harel Hamishmar
Vertex Ventures Israel
Leumi Partners
About Tabit
Tabit is a hospitality management platform featuring a mobile point-of-sale system for restaurants and hotels, handling contactless payments, ordering, guest management, kitchen displays, and integrations with major property management systems.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Tabit Funding History
Tabit has raised a total of $105M across 4 funding rounds.
Tabit's first fundraising round was a $15M seed round in January 2013. The most recent completed round was a $40M Series C in August 2022.
Tabit funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2022 | Series C | Leumi Partners (lead) | $40M | - |
| Apr 2020 | Series B | Vertex Ventures Israel (lead); Pitango VC; Harel Hamishmar | $35M | Tabit is an Israeli developer of a restaurant orders platform that provides a comprehensive technological package for restaurants and hotel restaurants, helping reduce costs, increase profitability, and enable direct digital customer connections. The platform covers order receipt, service experience, payment processing, kitchen management, self-service sales/order points, and home deliveries, all integrated into one system. Unlike competitors charging high commissions like 27%, Tabit offers branded orders and delivery at a tenth of that rate, positioning it advantageously during the Covid-19 pandemic when restaurants faced survival challenges. On April 5, 2020, Tabit completed a $35 million Series B financing round led by Vertex Ventures Israel, with participation from Pitango Growth Fund and Harel, matching the specified investors including Harel Hamishmar (likely referring to Harel). This brought the company's total funding to $65 million. The funds are earmarked for expansion into the US market, where Tabit already has offices in Dallas and Miami alongside its Israeli base. Founded by CEO Barry Shaked and president Nadav Solomon, Tabit employs 100 people and claims to address nearly every technological need in restaurant and hotel management. Vertex general partner Aviad Ariel highlighted Tabit's exceptional team and its potential to transform the restaurant industry by focusing on the owner's perspective to convert culinary success into financial success, describing it as a leader in bringing advanced technologies to the sector. |
| Mar 2019 | Series A | Harel Hamishmar (lead) | $15M | - |
| Jan 2013 | Seed | Pitango VC (lead) | $15M | - |
Who has invested in Tabit?
4 investors have backed Tabit across its funding rounds, including Pitango VC, Harel Hamishmar, Vertex Ventures Israel and Leumi Partners.
Lead investors include Leumi Partners, Vertex Ventures Israel, Harel Hamishmar and Pitango VC.
Tabit Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2013 | ||
| 2 | Lead | Mar 2019 | ||
This data is available for Pro users. Sign up to see all 4 Tabit investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTabit Competitors
Tabit competitors include listed companies like Shiji Group and Agilysys, and private ones like Deliverect, Lunchbox Technologies, StoreHub and Perk.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $416M | $21M | $3.1B | 6.2x | ||
| Publicly listed | $319M | $57M | $2.9B | 8.1x | ||
| Private | - | - | $1.4B | - | ||
| Private | $15M | - | $275M | 18.3x | ||
| Private | - | - | $138M | - | ||
| Private | $300M | - | $2.7B | 9.0x |
Tabit Public Comps
Tabit is still privately-owned, but its public comps include Amadeus, Aristocrat Leisure, Toast, Navan, ServiceTitan, Amex GBT, Sportradar, TravelSky, Shiji Group and Newland Digital Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.5B | $2.9B | 4.0x | 3.8x | 10.4x | 10.0x | |||
| $4.5B | $1.7B | 6.0x | 6.2x | 15.5x | 14.6x | |||
| $6.2B | $359M | 2.6x | 2.3x | 44.6x | 20.8x | |||
| $702M | ($294M) | 7.3x | 6.0x | (17.4x) | 56.7x | |||
| $961M | ($86M) | 5.0x | 4.5x | (55.8x) | 25.5x | |||
| $2.7B | $426M | 2.2x | 1.9x | 14.3x | 9.9x | |||
| $1.5B | $613M | 2.3x | 2.1x | 5.6x | 8.7x | |||
| $1.3B | $518M | 0.9x | 0.9x | 2.3x | 2.3x | |||
This data is available for Pro users. Sign up to see all Tabit competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Tabit
| When was Tabit founded? | Tabit was founded in 2013. |
| Where is Tabit headquartered? | Tabit is headquartered in Miami, FL, United States. |
| Is Tabit publicly listed? | No, Tabit is a private, VC-backed company. |
| How much funding has Tabit raised? | Tabit has raised $105M across 4 funding rounds. |
| What was Tabit's last funding round? | Tabit's last funding round was a $40M Series C in August 2022, led by Leumi Partners. |
| Who are Tabit's investors? | Tabit's investors include Pitango VC, Harel Hamishmar, Leumi Partners and Vertex Ventures Israel. |
| Which companies are comparable to Tabit? | Companies comparable to Tabit include Shiji Group, Agilysys, Deliverect, Lunchbox Technologies, StoreHub and Perk. |
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