Media company TimeOut led the restaurant ordering and payment service's series A round, and has also signed a strategic partnership with the UK-based startup.

Media group TimeOut has led a $10.7m series A round for UK-based food and hospitality payment app developer FlyPay, TechCrunch reported today.

The other investors in the round, which follows a £1m ($1.6m) investment by Entrée Capital in March 2014 and £150,000 in seed funding from unnamed backers, were not disclosed. It is the first corporate venturing activity TimeOut has publicly revealed.

FlyPay’s core product is an app that allows restaurant patrons to settle their bill from their table without…