Funding round
Tabby Seed
Tabby, which works in digital payment card services in United Arab Emirates, raised $2.0M in a Seed round announced on 11 Nov 2019, led by Global Founders Capital. 3 firms took part. It is Tabby's first venture round on record.
$2.0M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Tabby did not disclose a valuation in this round. It is Tabby's first venture round on record, in the year it was founded (2019). It is under 1% of the $780M Tabby has raised in the venture rounds on record. Tabby raised again 13 months later: a Series A round of $23M in Dec 2020. Its next priced round, a Series C in Jan 2023, valued it at $660M.
Tabby's funding rounds
Tabby has 7 venture rounds on record and 6 other deals. This one is highlighted.
- Seed this round 11 Nov 2019, led by Global Founders Capital $2.0M
- Other not a venture round 8 Jun 2020, led by RAED Ventures $7.0M
- Debt not a venture round 8 Dec 2020 amount not disclosed
- Series A 8 Dec 2020, led by Arbor Ventures and Mubadala Capital $23M
- Debt not a venture round 22 Jun 2021 $50M
- Series B 7 Mar 2022, led by Sequoia Capital India and STV $54M
- Debt not a venture round 3 Aug 2022 $150M
- Series C 18 Jan 2023, led by Sequoia Capital India and STV $58M$660M post-money
- Debt not a venture round 31 May 2023, led by Partners for Growth $350M
- Debt not a venture round 21 Dec 2023 $700M
- Series D 3 Jan 2024 $250M$1.50B post-money
- Series E 12 Feb 2025, led by Blue Pool Capital and Hassana Investment Company $160M$3.30B post-money
- Series F 14 Sep 2026, led by Blue Pool Capital $233M$6.50B post-money
Investors
Who put money in
Global Founders Capital led the round with 2 other firms.
Lead investor
- backs 295 venture-backed companies new investor
Also in the round
- backs 20 venture-backed companies new investor
- backs 43 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
57 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $2.9M, and this round was 69% of the median. The closest in time, other companies' Seed rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 1 Nov 2019 | $268K | not disclosed | not named |
| Payment Processing & Point of Sale | 11 Dec 2019 | $10M | not disclosed | Kaszek and Ribbit |
| Payment Processing & Point of Sale | 9 Dec 2019 | $6.0M | not disclosed | Impression Ventures |
| Payment Processing & Point of Sale | 5 Dec 2019 | $5.5M | not disclosed | BECO Capital and Global Ventures |
| Payment Processing & Point of Sale | 16 Oct 2019 | $3.2M | not disclosed | Sequoia Capital |
| Payment Processing & Point of Sale | 18 Dec 2019 | $1.3M | not disclosed | Morgan Stanley |
| Payment Processing & Point of Sale | 1 Oct 2019 | $800K | not disclosed | not named |
| Coda Payment Processing & Point of Sale | 29 Jan 2020 | $4.0M | not disclosed | London Venture Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Tabby raise in its Seed round?
Tabby raised $2.0M in its Seed round, announced in Nov 2019.
Who led Tabby's Seed round?
Global Founders Capital led it, with Arbor Ventures and Wamda Capital.
What was Tabby's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Payment Processing & Point of Sale?
57 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $2.9M, and this round was 69% of the median.
Did Tabby raise again after this round?
Yes: a Series A round in Dec 2020 of $23M.