About TipHaus
TipHaus is a company based in Seattle (United States) founded in 2018 by Leif Magnuson. It operates as a SaaS (Software-as-a-Service), and Subscription Services. TipHaus has raised $4.6 million across 2 funding rounds from investors including FUSE, Sugar Mountain and SeaChange. TipHaus offers products and services including Tip Calculations, Earned Tip Access®, QR Code Tipping, and Employee App. TipHaus operates in a competitive market with competitors including Kickfin, Grazzy, TiPJAR, eTip and Hifive, among others.
- Headquarter Seattle, United States
- Founders Leif Magnuson
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Tiphaus, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.6 M (USD)
in 2 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Apr 03, 2023
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Investors
FUSE
& 2 more
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Employee Count
Employee Count
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Products & Services of TipHaus
TipHaus offers a comprehensive portfolio of products and services, including Tip Calculations, Earned Tip Access®, QR Code Tipping, and Employee App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tip calculations are automated for fair team distribution.
Instant access to earned tips is provided daily.
Guests are enabled to tip via QR codes.
Tip tracking and management are facilitated for employees.
Unlock access to complete
Funding Insights of TipHaus
TipHaus has successfully raised a total of $4.6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.5 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.5M
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First Round
First Round
(16 Feb 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - TipHaus | Valuation | FUSE | |
| Feb, 2022 | Amount | Seed - TipHaus | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TipHaus
TipHaus has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include FUSE, Sugar Mountain and SeaChange. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Software startups are invested in by FUSE venture capital fund.
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Founded Year | Domain | Location | |
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Early-stage startups in Pacific Northwest are funded by SeaChange.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TipHaus
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TipHaus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tiphaus Comparisons
Competitors of TipHaus
TipHaus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kickfin, Grazzy, TiPJAR, eTip and Hifive, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tip payment solutions are provided for hospitality employees.
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| domain | founded_year | HQ Location |
Digital tipping solutions for businesses
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| domain | founded_year | HQ Location |
Cashless tipping solutions are provided for restaurants and hospitality venues.
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| domain | founded_year | HQ Location |
Tip payment solutions are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Cashless tipping solutions are offered to consumers through QR-code technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tiphaus
Frequently Asked Questions about TipHaus
When was TipHaus founded?
TipHaus was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is TipHaus located?
TipHaus is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of TipHaus?
Leif Magnuson is the current CEO of TipHaus. They have also founded this company.
Is TipHaus a funded company?
TipHaus is a funded company, having raised a total of $4.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Feb 16, 2022.
What does TipHaus do?
Tip management processes are automated by TipHaus for hospitality sectors including restaurants, hotels, bars, and wellness centers. Solutions such as tip calculations, daily payouts, and QR code tipping are offered to eliminate manual errors and ensure compliance. Integration with POS systems is supported, and a free employee app is provided for transparency. Operational efficiency is enhanced by reducing administrative tasks and improving staff satisfaction across multiple revenue centers.
Who are the top competitors of TipHaus?
What products or services does TipHaus offer?
TipHaus offers Tip Calculations, Earned Tip Access®, QR Code Tipping, and Employee App.