4 August 2015. $5million raised for rapid national expansion
Beat the Q Posse Group has today announced the closure of an oversubscribed Series A $5M funding round led by key investment partners, the Westpac backed venture fund Reinventure and leading venture capital firm Exto Partners.
The investment comes just months after the merger of three of Australia’s most innovative and successful café start-ups – Posse, Beat the Q, and E-Coffee Card. The Group’s mission is to build the ultimate dining application for Australians and to significantly improve the payment process for customers when dining out or grabbing a coffee on the go.
The company will also rebrand its flagship application Beat the Q to Hey You, effective 10 August 2015. Hey You users will gain access to an upgraded app, which combines the best of the company’s three products and will enable users to order, pay, gain loyalty benefits, discover new places and connect with storeowners.
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