Craftable, a Dallas, TX-based provider of a hospitality SaaS platform, received a strategic investment from Gauge Capital.
The amount of the deal was not disclosed. As part of the investment, Tom McKelvey, Garrett Fair, and Sam Yang from Gauge Capital have joined Craftable’s Board of Directors. TI Partners served as financial advisor on the transaction.
The company intends to use the funds to accelerate the development of hospitality tech solutions and industry reach.
Led by CEO Samuel Zats, Craftable provises a hospitality management SaaS platform that connects purchasing, recipes, inventory, sales, accounting, and analytics to players across the hospitality, food, beverage, and entertainment industries. Its Foodager and Bevager management systems allow operators to access product supplies, invoices and purchasing procurement while integrating with 60+ POS and financial systems to provide restaurant, bar, hotel and hospitality operators with real-time data on how product cost increases, variances, and labor affect their bottom line. allows for seamless back-of-house automation and management.
Craftable partners with some of the most prominent operators in hospitality, such as José Andrés, Tao Group Hospitality, bartaco, Major Food Group, Front Burner Society Brands and Kimpton Hotels.
FinSMEs
27/07/2023