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Tue, Jun 17, 2025, 12:00 PM 4 min read
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Tebi, the Amsterdam-based startup founded by Adyen co-founder Arnout Schuijff, announced on June 10 that it raised €30 million ($34 million) in fresh funding led by Alphabet's (NASDAQ:GOOG, GOOGL)) growth fund, CapitalG, to scale its AI-powered platform for hospitality businesses. The round brings Tebi's total funding to €56 million, following an earlier Series A led by Index Ventures.
The new capital will drive Tebi's international expansion beyond the Netherlands, where it already supports restaurants, bars, and hospitality venues with payments, reservations, inventory, and analytics on one unified platform. Tebi says it plans to double its headcount by year-end and enter the U.K. market before scaling across additional European countries.
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Schuijff stepped down from his role at Adyen in 2021 to return to his engineering roots, building Tebi during the COVID-19 lockdown to solve value-added tax and reporting inefficiencies for local businesses, TechCrunch reports. What started as a tool to help his favorite bar became a scalable software as a service solution, co-founded with bar owner Mazdak Nasori and three other industry veterans.
According to Tebi, its executive team includes Rob Vonk, former executive vice president of technology at Adyen, now serving as chief technology officer; Aki Tas, former head of business strategy and operations at Notion, now serving as chief operating officer; and Patrick Studener, former chief operating officer at Wolt, now serving as chief commercial officer.
TechCrunch says that Tebi’s team is steering the company through a transition from engineering-led development to commercial growth, product scaling, and global market entry.
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According to TechCrunch, CapitalG partner Alex Nichols identified Tebi as a breakout player in modernizing Europe's bank-dominated small- and medium-sized businesses payments sector, comparing the market to the U.S. before software-embedded solutions gained traction.
Tebi says it has already enabled merchants to process hundreds of millions in payments and introduced AI onboarding features that automatically pull menus, branding, and reservation settings for new clients. The next development phase will use AI to streamline operations and deliver actionable insights to business owners.
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