Tabbedout Takes $5.75M

Austin-based Tabbedout, a developer of mobile payment applications for the iPhone and Android, announced today that it has raised $5.75M in a Series A funding round. The firm said it added $3.7Mfrom New Enterprise Associates to boost the funding amount in the round. Tabbedout said the investment brings its total raised to $6.5M. Tabbedout's other investors include Trellis Partners and angel investors. The company said the new funding will go towards growth of the company. The firm had originally announced its Series A in October. Tabbedout is headed by Rick Orr. More information »