Butter, a San Francisco, CA-based provider of a food wholesale operating system, raised $9M in Series A funding.
The round was led by Gradient Ventures, with participation from Uncommon Capital, Notation Capital, and Jack Altman.
The company intends to use the funds to grow its research, development, and operations team to serve more customers in new regions.
Founded by Winston Chi and Shangyan Li in 2020, Butter is a planning platform designed for the food wholesale industry. The company acts as a system of record for all of its customers, managing from sales and inventory to payments and e-commerce storefronts. With this insight, Butter can leverage its data to inform distributors when to restock, down to the exact product, quantity, and date. Additionally, the solution can help its customers easily comply with the FDA’s new food traceability rule.
Butter now powers more than $300M in cash flow and sales operations for 6,000 restaurants across the pan-California region.
FinSMEs
15/11/2022