Table-ordering service ‘t’order(티오더)’ raises $22.2 million (KRW 30 billion) in Series B funding. t’order, which was valued at around $74 million (KRW 10 billion) by LB Investment last year, is now worth around three times its original valuation.
Investors in the Series B funding included KDB Bank and LB Investment. t’order completed its first round of Series B funding this month, raising approximately $9.6 million (KRW 1.3 billion) from KDB Bank and LB Investment. t’order will complete its Series B with a second round of $12.6 million (KRW 17 billion) in the coming weeks.
t’order’s Series B investors were attracted to the $22.2 million (KRW 3 billion) investment because of the company’s ability to rapidly expand its reach in domestic and international markets, as well as its ability to serve multiple professions without restrictions, including the hospitality and advertising industries. The Series B investors also included follow-on investors, indicating that investors place a high value on t’order’s growth potential.
In addition, t’order, which provides SaaS-based services to large enterprises, VAN companies and POS companies in the domestic market, plans to begin its global expansion in earnest, starting with the establishment of a Canadian subsidiary last year and establishing additional subsidiaries in the US and Singapore in the first half of this year.
Meanwhile, t’order, a tablet menu board service, is the number one company in the table ordering market, distributing nearly 10,000 tablets per month and aiming to install 300,000 tablets this year. The company is currently finalising a $22.2 million (KRW 3 billion) Series B funding round in the coming weeks.
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