Adyen Co-founder’s New Venture Tebi Raises €30M to Revolutionize Hospitality Tech

Tebi, launched by Adyen’s ex-CTO, helps restaurants streamline operations. Backed by CapitalG, it now raises €30M to grow faster.

A New Chapter Beyond Adyen

Tebi, the brainchild of Adyen’s co-founder Arnout Schuijff, has raised a fresh €30 million from Alphabet’s CapitalG. Although Adyen boasts a market cap of $61 billion, Schuijff chose to exit the payments giant in 2021 to pursue a different path.

He wasn’t forced out or bored — quite the opposite. In fact, he left Adyen on a high note, still enjoying his role as CTO.

Coding Again: The Spark Behind Tebi

During the COVID lockdown, Schuijff missed hands-on coding and began tinkering again. Surprisingly, this hobby turned into a fully-fledged business.

It all started with a small project to help his favorite bar manage VAT and reporting. That small need became Tebi.

Much like the accounting tools Schuijff built at Adyen and earlier at Bibit, Tebi was born out of solving a real-world problem.

What Is Tebi?

Tebi is an all-in-one, subscription-based platform designed to support restaurants, bars, and hospitality venues with daily operations.

It combines payments, reservations, inventory tracking, and more into a single, streamlined system for small businesses.

Many platforms offer parts of what Tebi does. However, Tebi brings it all together with enterprise-level features at SMB-friendly pricing.

That integrated approach helps businesses avoid juggling multiple tools and systems, which often create inefficiencies and costs.

Why Now — And Why Not at Adyen?

Some may wonder why Tebi wasn’t just built inside Adyen. But Schuijff felt that small-business tooling didn’t fit Adyen’s enterprise model.

“Trying to build Tebi within Adyen wouldn’t make sense,” he explained. “It needed to grow independently with its own mission.”

So, the move wasn’t about leaving a gap behind. It was about creating something new that Adyen wouldn’t naturally pursue.

Strong Backing from CapitalG

The funding round was led by CapitalG, the growth fund of Google’s parent company Alphabet.

Other investors include early supporters of Schuijff’s past ventures and strategic angel investors in the fintech and SaaS space.

With 35 employees and fresh capital, Tebi is set to accelerate its go-to-market plans across Europe and beyond.

Tebi’s Edge in a Crowded Space

Tebi is entering a competitive landscape with giants in POS systems, reservation platforms, and inventory software.

However, its edge lies in offering everything under one roof — and doing it with modern tech like real-time transaction streaming.

This gives business owners instant visibility into their operations — a big step up from disconnected legacy tools.

What’s Next for Tebi?

Tebi plans to use the new funding for product development, regional expansion, and hiring across tech and customer success.

Despite its small team today, Schuijff aims to scale quickly while keeping the product focused and user-friendly.

The startup’s vision is to give every hospitality business — from small cafés to fast-growing chains — powerful enterprise tech that fits their scale.

With Tebi, Schuijff is once again building something quietly transformative — this time, outside the spotlight of the public markets.

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