Technology

GoTab gets $6 million in latest funding round

Photo provided by iGoTab

September 22, 2020

GoTab Inc, a mobile POS and contactless ordering and payment platform, secured a $6 million investment to support new partnerships, integrations and launch serve-based ordering through its mobile POS. This investment can help further bridge the gap between contactless dining and full-service hospitality, according to a press release.

This recent funding round was made possible by several notable existing investors that include Greg Cohen, former president of iPayment and Paya; Jody McLean, CEO of Edens; Will Graylin, CEO of OV Loop and former global co-GM of Samsung Pay; and Jim Hirshorn, partner at Ares Management Corporation and president of Potbelly Sandwich Works.

GoTab has been offering contactless payment and ordering since 2016. As hospitality operators adapt to rapidly evolving coronavirus regulations and consumer expectations, they can leverage GoTab to free up front-of-house staff from low-impact tasks, giving them more time to prepare and adhere to safety guidelines, benefitting both the operators and the guests.

"We are excited for the possibilities that this new round of investment brings," Tim McLaughlin, GoTab CEO, said in the press release. "GoTab has helped countless operators adapt their hospitality model and turn a corner despite the current challenges they are facing. We are confident that further integrations and partnerships with best-of-breed technology will bring even more innovation and success to our operators."