Gotab
An order ahead and payment method for restaurants, bars, and breweries.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $18.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 55 % | 134 % | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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GoTab, Inc. operates as a technology-driven firm providing a restaurant commerce platform designed to streamline hospitality operations. Established in 2016 and headquartered in Arlington, Virginia, the company was founded by Tim McLaughlin. McLaughlin's journey into the hospitality tech space was influenced by his prior experience; before founding GoTab, he spent two decades building and leading a successful government-focused technology consultancy, Siteworx. This background in enterprise technology provided him with the expertise to address the complex operational challenges within the restaurant industry.
The company's core offering is an all-in-one platform that integrates point-of-sale (POS) systems with contactless ordering and payment solutions. This allows guests at hospitality venues like restaurants, breweries, and hotels to scan a QR code to view a menu, place an order, and pay their bill directly from their smartphones without needing to download an app or create an account. The system is designed to handle the complexities of large-venue operations, including managing multiple food and beverage vendors within a single space. For operators, the platform provides tools for kitchen display systems (KDS), real-time menu management, and integrations with other hospitality software.
GoTab's business model is centered on providing these tools to enhance operational efficiency and improve the guest experience, aiming to increase revenue for its clients by enabling faster table turnover and higher spending per customer. The platform serves a diverse range of hospitality businesses, from single-location restaurants to multi-unit chains and large food halls. Revenue is likely generated through a combination of setup fees, monthly subscriptions for its software, and transaction-based fees for payments processed through the system.
Keywords: restaurant commerce platform, contactless payments, hospitality technology, point-of-sale, QR code ordering, guest experience, kitchen management, menu management, operational efficiency, food hall technology