# Tabit Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tabit-technologies

- Industry: Software
- Headquarters: Israel
- Website: www.tabit.cloud
- Total disclosed funding: $35M
- Latest round: Series B (Mar 3, 2020)
- Investors on record: 1

## About

Tabit Technologies Inc. specializes in providing mobile POS solutions tailored for the hospitality industry, enhancing operational efficiency for restaurants and hotels through innovative technology.Founded in 2014 and headquartered in Israel, Tabit Technologies Inc. offers advanced mobile payment solutions specifically for the hospitality sector. The company was established by Nadav Solomon, who has a history of entrepreneurship in technology. In March 2020, Tabit raised USD 35 mn in Series B funding from Vertex Ventures Israel, which contributed to the total capital raised amounting to USD 35 mn and a current company valuation of USD 140 mn. Tabit has completed one significant deal to date, with its most recent funding round occurring in 2020.Tabit offers a comprehensive suite of mobile POS solutions designed specifically for the hospitality industry, addressing a range of operational challenges faced by restaurants, hotels, and food service providers. Their core products include the Tabit PAD for managing operations via mobile devices, and Tabit Kitchen for communication between front-of-house (FOH) and back-of-house (BOH) staff. Additional offerings include Tabit Chef for kitchen management, Tabit Guest for customer engagement, Tabit Order for online and in-store service, and Tabit Analytics for performance insights. Tabit serves a diverse client base across the United States, Europe, Israel, and Australia, catering to various segments, including full-service restaurants, hotel restaurants, and restaurant chains.Tabit's revenue structure primarily revolves around a subscription model, providing its suite of products to clients through various pricing plans tailored to their specific needs. Clients engage in transactions for software licenses, which may include access to multiple products within the Tabit ecosystem, such as Tabit PAD and Tabit Kitchen, as well as additional services like analytics and customer feedback systems. The company facilitates partnerships with restaurants and hospitality businesses, enabling them to leverage Tabit’s technology to enhance operational efficiency and guest experiences. Given the focus on hospitality, Tabit's offerings involve recurring fees for software maintenance and updates, while direct transactions center around the provision of these essential tools and services.In March 2020, Tabit Technologies Inc. secured USD 35 mn in Series B funding to support its growth initiatives. The company is actively designing new products that enhance its existing suite, with plans to introduce these innovations in the upcoming year. Tabit aims to expand further into markets in Europe and Asia by 2024, enhancing its global reach. The recent funding will be utilized to accelerate product development and facilitate market entry strategies, ensuring that Tabit remains competitive in the evolving hospitality landscape.

## Funding rounds

- Series B, Mar 3, 2020, $35M — Vertex Ventures Israel

## Investors

- Vertex Ventures Israel (https://capitalatlas.ai/funds/vertex-ventures-israel) — Series B