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Venture Capital
trellispartners.com

Investments

38

Portfolio Exits

7

Funds

2

About Trellis Partners

Trellis Partners is a team of Texas-based, venture capital professionals whose focus is on building leading technology companies through early-stage investment. They work in partnership with the portfolio companies to provide strategic vision and support.

Headquarters Location

2600 Vía Fortuna

Austin, Texas, 78746-7982,

United States

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Latest Trellis Partners News

Tabbedout Secures $3.7 Mln Funding From New Enterprise Associates

May 9, 2011

Tabbedout Secures $3.7 Mln Funding From New Enterprise Associates May 9, 2011 Follow @luisarbeltran Tabbedout has received $3.7 million in additional funding from  New Enterprise Associates, which completes the company’s Series A round at $5.75 million. Tabbedout’s total financing comes to $6.5 million from investors including NEA, Trellis Partners and angel investors. Austin-based Tabbedout lets users pay their bar and restaurant tab using a smartphone. PRESS RELEASE Tabbedout, the secure and convenient way to open, view and pay your tab with a smartphone, has secured $3.7 million in additional funding from New Enterprise Associates (NEA) to complete the company’s Series A round of venture funding, totaling $5.75 million. The completion of this round brings the company’s financing to $6.5 million in total from investors including NEA, Trellis Partners and angel investors. The funds will be used to further accelerate the company’s rapid growth – Tabbedout has doubled both the size of its staff and its national footprint since the first tranche of the Series A round was announced in October 2010. “We’re seeing extensive demand for our mobile payment solution, particularly from POS vendors who are integrating the solution into their offerings for restaurants and bars across the country,” said Rick Orr, CEO, Tabbedout. “Now that we’re increasing our availability in market and making life easier for merchants and their patrons, it’s time to turn our attention to consumer awareness and adoption in key markets. This round of funding from NEA will be instrumental in accomplishing that goal.” To that end, the company recently named Arturo Coto, founder of technology, business consulting and marketing services companies, to the position of vice president of marketing. Coto will lead the charge to grow consumer adoption of the Tabbedout mobile payment solution, creating strategy and programs that transform the way people pay for their tabs. Available for free on both iPhone and Android smartphones, the Tabbedout application was built by security experts with ease of use and marketing capabilities in mind. Unlike other mobile payment platforms, Tabbedout allows users to store credit card information directly on their phone, encrypted and under passphrase protection, instead of on host servers. Consumers are safe from the threat of lost or stolen credit cards and can open, view and pay their tab at their own pace, and share their social experiences with friends via Facebook, Twitter and Foursquare, all within the application. “With their rapid growth in venue deployment through solid partnerships with industry leaders like MICROS, Tabbedout is emerging as the clear leader in the mobile payments space,” said Scott Sandell, NEA general partner and Tabbedout board member. “We are pleased to participate in this final tranche of funding to fuel their growth and market leadership, helping to make mobile payments a reality today.” Currently, Tabbedout’s powerful payment solution has enabled thousands of mobile payments at a network of bars and restaurants across 20 states in 90 cities. Also announced today, the company announced that leading POS vendor MICROS will now embed Tabbedout into its POS offering, significantly impacting the number of merchants offering the Tabbedout service. About New Enterprise Associates New Enterprise Associates (NEA) is a leading venture capital and growth equity firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. With approximately $11 billion in committed capital, NEA invests in information technology, healthcare, and energy technology companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of successful investing includes more than 165 portfolio company IPOs and more than 265 acquisitions. In the U.S., NEA has two offices in the Washington, D.C. metropolitan area and one in Menlo Park, California. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India, and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit www.nea.com. About Tabbedout Tabbedout®is the cure for forgotten credit cards and missing out on a good time. Tabbedout makes mobile payment a simple and secure process that is widely available, so that bars and restaurants can spend more time with their customers. The free Tabbedout mobile app for iPhone and Android lets consumers open a tab with their mobile phone, view their tab in real-time and pay the tab anytime, anywhere, putting them in control over how and when they pay. For more information, visit: http://www.tabbedout.com/ or contact [email protected] to learn more about becoming a Tabbedout partner. © 2015 Buyouts Insider / Argosy Group LLC

Trellis Partners Investments

38 Investments

Trellis Partners has made 38 investments. Their latest investment was in Advanced Rocket Corporation as part of their Unattributed VC on August 8, 2020.

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Trellis Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/13/2020

Unattributed VC

Advanced Rocket Corporation

$0.02M

Yes

1

11/10/2016

Series A - II

FLASH

$3M

No

5

9/19/2012

Series A

FLASH

$1.25M

Yes

1

6/26/2012

Convertible Note

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$99M

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0

5/8/2012

Series B

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$99M

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0

Date

8/13/2020

11/10/2016

9/19/2012

6/26/2012

5/8/2012

Round

Unattributed VC

Series A - II

Series A

Convertible Note

Series B

Company

Advanced Rocket Corporation

FLASH

FLASH

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Amount

$0.02M

$3M

$1.25M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

5

1

0

0

Trellis Partners Portfolio Exits

7 Portfolio Exits

Trellis Partners has 7 portfolio exits. Their latest portfolio exit was Zilliant on December 06, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/6/2021

Acq - Fin

$99M

1

5/23/2017

Merger

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$99M

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10

12/24/2008

Acquired

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$99M

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0

11/6/2007

Acquired

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$99M

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0

10/18/2005

Acquired

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$99M

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10

Date

12/6/2021

5/23/2017

12/24/2008

11/6/2007

10/18/2005

Exit

Acq - Fin

Merger

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

0

0

10

Trellis Partners Fund History

2 Fund Histories

Trellis Partners has 2 funds, including Trellis Partners II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2000

Trellis Partners II LP

Early-Stage Venture Capital

Closed

$49M

1

12/31/1998

Trellis Partners LP

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$99M

10

Closing Date

12/31/2000

12/31/1998

Fund

Trellis Partners II LP

Trellis Partners LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$49M

$99M

Sources

1

10

Trellis Partners Team

5 Team Members

Trellis Partners has 5 team members, including current General Partner, John L. Long.

Name

Work History

Title

Status

John L. Long

Southwest Venture Partners

General Partner

Current

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Name

John L. Long

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Work History

Southwest Venture Partners

Title

General Partner

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Status

Current

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