Tebi, the Dutch startup developing an all-in-one operating system for small hospitality businesses, has raised €30 million in a Series B round led by CapitalG, the growth fund backed by Alphabet.
Index Ventures also participated, reaffirming their support just eight months after joining Tebi’s Series A. This latest injection brings Tebi’s total funding to €56 million, and sets the stage for expansion into the United Kingdom and further European markets.
Tebi CEO Arnout Schuijff explained his motivation: “Hospitality owners don’t open their doors because they love integrating five different software systems or wrestling with manual inventory counts at 2 AM. They do it for the craft, the community, the look of delight in the customers’ eyes when they have an amazing evening.“
Founded in 2021 by Arnout Schuijff, Co-founder of Adyen and Bibit, Tebi began as a project to help a friend manage bar sales more efficiently. What started as a digital replacement for a pen-and-paper ledger has grown into a comprehensive hospitality OS that integrates point-of-sale, payments, kitchen displays, reservations, inventory, and bookkeeping – all supported by a real-time accounting backbone.
Joining Schuijff and Co-founder/CTO Rob Vonk are two new executive hires: Aki Tas, former head of business strategy at Notion, who joined as COO last year; and Patrick Studener, previously with Uber and Wolt, who became CCO earlier this year. The company plans to double its team from 35 to 70, using the fresh capital to further refine its product and grow its footprint.
Tebi is already being used by a range of restaurants and food vendors across the Netherlands, processing nine figures in annual payments.
Europe’s hospitality SMEs face a daunting mix of outdated infrastructure and fragmented tools. Unlike the US, where sleek, tablet-based systems dominate, European businesses often rely on legacy bank-issued terminals – still handling over 75% of SME payment volume, as per CapitalG. Since these machines are not sold alongside modern software, adoption of the latter remains low: Only ~39% of restaurants leverage a point of sale (POS) application (vs. 95%+ in the US), let alone use one for reservations, inventory tracking or bookkeeping.
This, combined with country-specific tax and regulatory complexity, results in low software adoption and a disjointed operational landscape. Tebi aims to change this by offering tightly integrated software that automates everything from customer transactions to nightly reconciliation.
With its ‘subledger’ architecture, Tebi claims it can scale from single food stalls to large restaurant groups, enabling seamless real-time data across all operations. This technical core powers AI-driven features such as intelligent onboarding and smart recommendations, promising to simplify workflows and reduce friction across the board.
Tebi’s mission resonates strongly with its users, according to feedback collected from restaurants across Amsterdam. A Japanese street food vendor and a waterfront seafood eatery alike expressed satisfaction with the system’s ease of use, feature richness, and transparency in pricing.
While the startup is already well underway in the Netherlands, its UK launch marks the next step in what the team sees as a Europe-wide transformation.
CEO Schuijff added: “We’re building something fundamentally different. Not yet another tool to add to the stack, but replacing them with a complete financial operating system that thinks like hospitality works.”
As the software-led payments movement gains momentum in Europe, Tebi positions itself not just as a POS provider but as a daily essential for hospitality businesses.
The company’s vision – to empower entrepreneurs to focus on their craft instead of back office complexity – may resonate far beyond its home bar in Amsterdam.
