MarginEdge, an Arlington, VA-based restaurant management and bill payment platform, raised $45M in Series C funding.
The round was led by Ten Coves Capital, with participation from Fiserv, and Derive Ventures.
The company intends to use the funds to continue scaling the team and broadening the functionality of core product offerings.
Led by CEO Bo Davis, MarginEdge provides a platform that offers invoice processing, inventory management, recipe analysis, budgeting, performance tracking and supplier bill payment capabilities. It is integrated with over 50 POS and accounting platforms and in 2022 alone, entered into strategic collaboration and integrations with partners such as Intuit, Gordon Food Service, 7shifts, and SpotOn.
Today, with a team of over 500 people, MarginEdge services over 4,000 restaurants in all 50 states and Canada and processes over $3 billion in annual invoices.
FinSMEs
07/12/2022