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Gotab Closes $18 Million Series A Led By Truist Ventures

PRIVATEAug 01, 2023almost 3 years ago

Amount Raised

$18 Million

Round Type

series a

ArlingtonOther

Investors

Truist Ventures

Description

GoTab, a leading hospitality commerce platform, today announced that it has closed on its $18 million Series A funding round. The round was led by Truist Ventures.

Company Information

Company

GoTab Inc.

Location

901 N. STUART ST., SUITE 800

Arlington, Texas, United States

About

GoTab, Inc., a Restaurant Commerce Platform (RCP), is helping large- and mid-sized restaurants, breweries, bars, hotels and other venues run lean, profitable operations while making guests even more satisfied. GoTab uniquely allows patrons to order and pay through a server (without a smartphone), or order and pay directly from their own mobile phones, or blend the two experiences all on one tab, through its easy-to-use mobile point-of-sale (POS), contactless ordering and payment features, and kitchen management systems (KMS). The guest never has to download a mobile app or create a password. Operators get industry-leading features and actionable data that can be rapidly deployed and adapted to their unique requirements for dramatically reduced costs. OUR VALUES Excellence - Our work is our passion and our team demonstrates attention to detail, pride, and the highest quality behind every client account and each company project we work on. Transparency - We believe in being honest with our clients and with ourselves. Our team is willing to be open, trustworthy and truthful in all company dealings. Communication - No matter the level in the organization, we are a team. Effective, professional communication is critical in driving our business forward. Curiosity - Our clients rely on our ability to be creative, to think “outside of the box”, and to deliver winning solutions. Our team always questions the status quo and strives to provide creative solutions to change and improve a mostly immutable industry. Innovation - Learning by failing is the way we grow. We aren't afraid of failure if we’re innovating, learning, and moving forward. We push ourselves to try new things both personally and professionally, and share lessons learned with our peers.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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