Table order company Teaorder has begun to attract Series C investment in earnest. This round is being conducted targeting domestic and international investors, and specific details such as the investment size and participating institutions are not disclosed.
Tiorder plans to speed up full-scale investment attraction by appointing Samil PwC, the largest accounting firm in Korea, as its advisor. Through this round, Tiorder plans to strengthen its data-based R&D capabilities and accelerate the development of new businesses for digital transformation in the restaurant industry.
Since its establishment in 2019, Teaorder has grown rapidly by digitalizing the ordering and payment environment for restaurants. It currently has over 260,000 cumulative tablets, and the cumulative payment amount is 10 trillion won. Teaorder is positioning itself as a digital solution that goes beyond simple non-face-to-face ordering to increase store operation efficiency and improve customer experience.
Tiorder secured approximately KRW 30 billion through Series B investment in 2024. Industrial Bank of Korea, LB Investment, No & Partners, and Eugene Investment & Securities participated in the Series B investment, and Tiorder was recognized as having a corporate value of approximately KRW 300 billion at the time. The secured funds were invested in product development, technological advancement, and service expansion, and served as an opportunity to further strengthen Tiorder's competitiveness in the digital transformation market for the restaurant industry.
Through this Series C round, Tiorder plans to further solidify its position in the domestic market while focusing on developing new businesses and strengthening R&D capabilities. In particular, it plans to advance solutions that enhance operational efficiency across the restaurant industry, such as providing store-specific insights based on accumulated order data.
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