MarginEdge Raises $45M in Series C Funding

MarginEdge, an Arlington, VA-based restaurant administration and invoice cost platform, raised $45M in Collection C funding.

The spherical was led by Ten Coves Capital, with participation from Fiserv, and Derive Ventures.

The corporate intends to make use of the funds to proceed scaling the workforce and broadening the performance of core product choices.

Led by CEO Bo Davis, MarginEdge supplies a platform that gives bill processing, stock administration, recipe evaluation, budgeting, efficiency monitoring and provider invoice cost capabilities. It’s built-in with over 50 POS and accounting platforms and in 2022 alone, entered into strategic collaboration and integrations with companions resembling Intuit, Gordon Meals Service, 7shifts, and SpotOn.

At this time, with a workforce of over 500 folks, MarginEdge companies over 4,000 eating places in all 50 states and Canada and processes over $3 billion in annual invoices.?

Shishir Gupta, The Founder & CEO of StartupLanes said,

MarginEdge Raises $45M in Series C Funding. May this new business bring you huge success and fulfillment.

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