Mr Yum raises £48m for mobile ordering and payments platform

Mobile payments startup Mr Yum has announced a £48 million Series A round, led by Tiger Global.

Other investors include Commerce VC, VU Venture Partners and Skip Capital.

Existing backers TEN13 and AirTree also followed on, making their largest investments to date into Mr Yum.

The Series A follows Mr Yum’s £6 million post-seed round in Apri, bringing the total funding raised to date to £55 million.

At its core, Mr Yum is a mobile menu, designed specifically for hospitality and entertainment venues. There’s a lot more to it than that though.

Grab a coffee, (or something stronger 😋) and hear co-founder Kerry Osborn walk you through. https://t.co/KqLVtqnnXB
— Mr Yum (@Mr_Yum_) October 18, 2021

Founded in Melbourne, Australia, in November 2018, Mr Yum has developed a mobile ordering and payments platform pitched at the hospitality and entertainment space.

The venture launched in the UK in 2021 and has been rolled out at such venues as Little Creatures and The Breakfast Club, as well as festivals including Taste of London and Henley Regatta.

Mr Yum CEO and Co-founder Kim Teo says: “We couldn’t be more excited about the new partners that have joined our crusade. This round of capital allows us to triple down on our global lead on product innovation as we grow our teams across the US, the UK and Australia.”

“Restaurants are embracing technology more than ever and our focus is building best-in-class tools to help them grow.”

Tiger Global Partner John Curtius comments: “We are heavily invested in restaurant technology around the world. We understand the category and players well and Mr Yum is the clear leader in product innovation for mobile ordering and payments.”

AirTree Partner James Cameron says: “Mr Yum’s QR codes have now become ubiquitous in Australia, and it's happened pretty much overnight. With this new funding they are able to double down on their international markets, where they are already growing faster than they were in Australia.”

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