Kim Teo

Me&u takes on American Express and DoorDash as it eyes first profitable year

Me&u launches a new AI-powered reservations platform to compete with Resy and SevenRooms, targeting profitability in 2026 after merging with Mr Yum.

H1 2024 in Review: $100m invested

TEN13's investor letter celebrates passing $100 million deployed, plus fresh backing for iion and Switchboard, team promotions, AutoGrab's overseas growth and NZ-arm sale, and the Mr Yum–Me&U merger.

Also Startup Daily·thetimes.com.au·SmartCompany

Chipper Cash Becomes A Unicorn & Mr Yum raises US$65m Series A led by Tiger Global

TEN13 newsletter reporting Chipper Cash's US$150m unicorn round, Mr Yum's Tiger Global-led Series A, and new investments in Payhippo, Preezie, Pushas and Heaps Normal, plus portfolio updates.

Also Skalata Ventures·Skalata Ventures·Archangel Ventures portfolio·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Beef Central / Grain Central·Forbes Australia·SmartCompany·LaunchVic

2023 in Review 💫

Ten13's year-end post recaps nine new portfolio additions, follow-on support for existing holdings, the Mr Yum and Me&U merger, Go1's Blinkist acquisition, Smileyscope's FDA clearance, and community events.

Also Ten13·OIF Ventures portfolio·TechCrunch Australia·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Forbes Australia

QR-code rivals Mr Yum and me&u to merge in major shakeup to Australian restaurant-tech sector

Table-ordering rivals Mr Yum and me&u will combine in a stock deal, with Mr Yum's chief executive leading the merged business; earlier raises by both are recapped.

Restaurant ordering platform Mr Yum cuts another 40 jobs

The hospitality-tech firm Mr Yum has axed 40 more staff as it pushes toward profit; the article recalls the $89 million Series A that Tiger Global led in November 2021.

Mr Yum completes first major acquisition, obtaining MyGuestlist to help restaurants build personalised marketing to diners

Hospitality tech firm Mr Yum has bought customer data platform MyGuestlist in a cash-and-stock deal worth tens of millions, its first acquisition, following an $89 million raise led by Tiger Global.

Also Startup Daily·SmartCompany·Startup Daily·Forbes Australia

Mr Yum raises $11m in post-seed raise

Herbert Smith Freehills advised QR ordering and payments startup Mr Yum on its $11 million raise, which TEN13 and AirTree Ventures led; the company cited strong pandemic-driven growth.

Also SmartCompany