MarginEdge, an Arlington, VA-based restaurant administration and invoice fee platform, raised $45M in Series C funding.
The spherical was led by Ten Coves Capital, with participation from Fiserv, and Derive Ventures.
The firm intends to make use of the funds to proceed scaling the crew and broadening the performance of core product choices.
Led by CEO Bo Davis, MarginEdge offers a platform that gives bill processing, stock administration, recipe evaluation, budgeting, efficiency monitoring and provider invoice fee capabilities. It is built-in with over 50 POS and accounting platforms and in 2022 alone, entered into strategic collaboration and integrations with companions comparable to Intuit, Gordon Food Service, 7shifts, and SpotOn.
Today, with a crew of over 500 individuals, MarginEdge companies over 4,000 eating places in all 50 states and Canada and processes over $3 billion in annual invoices.