Tabit Funding, Investors & Competitors

Tabit has raised $105M across 4 funding rounds, most recently a $40M Series C in August 2022.

See full Tabit profile

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

Tabit Overview

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

United StatesMiami, FL

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

Tabit funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2022Series CLeumi Partners (lead)$40M-
Apr 2020Series BVertex Ventures Israel (lead); Pitango VC; Harel Hamishmar$35MTabit 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 2019Series AHarel Hamishmar (lead)$15M-
Jan 2013SeedPitango 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

Investors in Tabit by funding rounds participated
InvestorHQRoundsRoleFirst check
Pitango VCIsraelHerzliya2LeadJan 2013
Harel HamishmarIsraelIsrael2LeadMar 2019

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Tabit Competitors

Tabit competitors include listed companies like Shiji Group and Agilysys, and private ones like Deliverect, Lunchbox Technologies, StoreHub and Perk.

Public and private companies comparable to Tabit
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Shiji GroupChinaChinaPublicly listed$416M$21M$3.1B6.2x
AgilysysUnited StatesUnited StatesPublicly listed$319M$57M$2.9B8.1x
DeliverectBelgiumGhentPrivate--$1.4B-
Lunchbox TechnologiesUnited StatesNew York City, NYPrivate$15M-$275M18.3x
StoreHubMalaysiaPetaling JayaPrivate--$138M-
PerkSpainBarcelonaPrivate$300M-$2.7B9.0x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Amadeus$7.5B$2.9B4.0x3.8x10.4x10.0x
Aristocrat Leisure$4.5B$1.7B6.0x6.2x15.5x14.6x
Toast$6.2B$359M2.6x2.3x44.6x20.8x
Navan$702M($294M)7.3x6.0x(17.4x)56.7x
ServiceTitan$961M($86M)5.0x4.5x(55.8x)25.5x
Amex GBT$2.7B$426M2.2x1.9x14.3x9.9x
Sportradar$1.5B$613M2.3x2.1x5.6x8.7x
TravelSky$1.3B$518M0.9x0.9x2.3x2.3x

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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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