Marginedge Lands $45M To Give Restaurants Real-Time Spend Data

Dec 07, 2022•about 3 years ago

Amount Raised

$45 Million

ArlingtonRestaurantsHospitality

Investors

Derive VenturesTen Coves Capital

Description

The global pandemic was tough on the restaurant industry, one that was already slow to adopt technology but then also had to quickly learn how to manage the back office and online orders or risk going out of business.

Company Information

Company

MarginEdge

Location

4401 Fairfax Dr, Suite 311

Arlington, Virginia, United States

About

MarginEdge’s mission is to create a world where restaurant operators can focus on great food and great service. By using best-in-class technology to eliminate unproductive paperwork and streamline the flow of operational data, MarginEdge is reimagining the back office and freeing restaurants to spend more time on their culinary offerings and guest experiences. The platform offers market-leading invoice processing, inventory management, recipe analysis, budgeting, performance tracking and supplier bill payment capabilities. Founded by industry veterans, MarginEdge serves a diverse group of operators from single units and small chains to large franchise and hospitality groups, providing a high-impact product that resonates across the hospitality industry.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends