Tabbedout Gets $7.75M In Series B

Austin-based Tabbedout, the developer of mobile bar and restaurant tab and payment applications, has raised $7.75M in a Series B funding round. The company said the funding came from NEA, Heartland Payment Systems and Morgan Creek Capital. Tabbedout said it will use the funding for growth and market expansion. Tabbedout develops an application which lets users pay their bar tabs from their phone. The company is led by Alex Broeker. More information »