Yetico Raises Seed For Its Tap-A-Device To Simply Divide The Bill And Tip Restaurant Staff
10/27/21, 12:27 PM
Round Type
seed
Earlier this year UK startup Sundayraised $100 million in a Series A raise led by US investors Coatue and DST Global, just five months after launching. The proposition was relatively simple and pretty much tailor-made for the Covid-19 era: diners scan a QR code to download an app, and then split the bill between friends as well as tip the staff, without needing to interact with wait staff. The proposition is that restaurants get to turn tables around faster, increase average spend, and wait staff generally get more tips.
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Now a UK startup is entering the space, this time with a LOT less funding, but what appears to be an even more seamless user experience. The startup behind the device, YETiCo, has now raised a £300,000 Seed funding round, backed by Angels including DesignMyNight founder Nick Telson, Skimlinks co-founder Alicia Navarro, Masabi founder Ben Whitaker, Simon Squibb, Dot Major of the band London Grammar and Lego CTO Atul Bhardwaj. The startup claims it’s driven £10m in transaction volume in its first year, with restaurant clients such as Maray Restaurants, Jones Family Kitchen, Wuns Tearoom and Cub.