Funding round
Tabby Series A
Tabby, which works in digital payment card services in United Arab Emirates, raised $23M in a Series A round announced on 8 Dec 2020, led by Arbor Ventures and Mubadala Capital. 12 firms took part. It is Tabby's second venture round on record; the one before was a Seed in Nov 2019.
$23M
Amount raised
Not disclosed
Post-money valuation
12
Investors
2 leads
Valuation
What this round says about the price
Tabby did not disclose a valuation in this round. It came 13 months after Tabby's Seed. It is 2.9% of the $780M Tabby has raised in the venture rounds on record. Tabby raised again 15 months later: a Series B round of $54M in Mar 2022. 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 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 this round 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
Arbor Ventures and Mubadala Capital led the round with 10 other firms.
Lead investors
- backs 20 venture-backed companies new investor
- Mubadala Capital backs 61 venture-backed companies new investor
Also in the round
- STV new investor
- backs 36 venture-backed companies new investor
- backs 295 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- backs 45 venture-backed companies new investor
- backs 55 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- MSA Capital new investor
- backs 60 venture-backed companies new investor
- AB Accelerator new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
85 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $15M, and this round was 1.5 times the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 1 Dec 2020 | $30M | not disclosed | TIS Inc. |
| Payment Processing & Point of Sale | 17 Dec 2020 | $27M | not disclosed | Andreessen Horowitz |
| Payment Processing & Point of Sale | 21 Dec 2020 | $15M | not disclosed | not named |
| Payment Processing & Point of Sale | 12 Jan 2021 | $43M | not disclosed | Addition |
| Payment Processing & Point of Sale | 30 Nov 2020 | $19M | not disclosed | Accel |
| Payment Processing & Point of Sale | 1 Jan 2021 | $18M | not disclosed | not named |
| Payment Processing & Point of Sale | 13 Jan 2021 | $15M | not disclosed | M13 |
| Payment Processing & Point of Sale | 1 Jan 2021 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Tabby raise in its Series A round?
Tabby raised $23M in its Series A round, announced in Dec 2020.
Who led Tabby's Series A round?
Arbor Ventures and Mubadala Capital led it, with STV, RAED Ventures, Global Founders Capital, Abdul Latif Jameel Investment Management Company and Global Ventures and 5 more.
What was Tabby's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Payment Processing & Point of Sale?
85 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $15M, and this round was 1.5 times the median.
Did Tabby raise again after this round?
Yes: a Series B round in Mar 2022 of $54M.