Scaleup Mediafund, a fund providing media ad inventory for equity, has announced food ordering and payments platform Hey You as its latest investment.
Ten months after merging, Australian startups Beat the Q and Posse have announced the closure of an oversubscribed Series A $5 million funding round led by Westpac’s $50 million venture fund Reinventure and 12-year-old venture capital firm Exto Partners. The new investment will be used to fund product development – specifically, to improve the payment process for customers when dining out or buying coffee and to introduce new features – as well as marketing and scaling merchant acquisition.
Posse and Beat the Q have today announced a merger that will assist in companies’ growth trajectory. Together, the startups want to create the “Uber or Airbnb of shopping”. Posse and Beat the Q both have strong traction; collectively, they will have 500,000 users, 56,000 shop relationships and handle over 400,000 transactions per month.
Beat the Q, the startup eliminating the need for time-poor and chronically impatient café-goers to wait in line, has acquired one of Australia’s leading loyalty apps eCoffeeCard.
There’s nothing like a Jack Johnson concert to jump-start your career as an entrepreneur. Well … there is, but that’s where Adam Theobald and Scott Player came up with the idea for an app that eliminates the need for waiting in line. Beat the Q is a mobile and web-based application for time-poor and chronically impatient café-goers, who can make orders and payments in just 10 seconds through the app and pick up their cappuccinos and croissants when ready.