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Birchstreet Systems Announces Investment From Parthenon Capital

PRIVATEJan 27, 2022

Round Type

Venture

Las VegasSoftwareHospitality

Description

BirchStreet Systems (“BirchStreet” or the “Company”), a leading provider of procure-to-pay software to the hospitality sector, today announced an investment from Parthenon Capital (“Parthenon”), a leading growth-oriented private equity firm with deep technology and payments investing experience. Parthenon’s investment, in conjunction with existing investor Serent Capital, will further accelerate BirchStreet’s growth as the Company continues to deliver innovative solutions to its customers within the procure-to-pay software suite. Terms of the transaction were not disclosed.

Who else raised in Hospitality and Software around the same time

Companies in the same sectors as BirchStreet Systems that raised within 45 days of this round, from Fundz verified event records.

  • Dutch Bros raised $1.6M (Seed) on February 9, 2022.
  • Jack in the Box raised $1.1B (Funding Round) on February 3, 2022.
  • ezCater, Inc raised $103M on December 23, 2021.
  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • two raised $500M (Funding Round) on March 11, 2022.

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Company Information

Company

BirchStreet Systems

Location

Las Vegas, Nevada, United States

About

BirchStreet Systems is a leading global provider of enterprise procure-to-pay solutions for the hospitality sector. Founded in 2002, it offers a full suite of procurement applications, including eProcurement software, accounts payable automation, invoice management, inventory management, recipe management, supplier payments, and reporting and analytics.

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BirchStreet Systems raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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