Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Home

Marketplace
Database
News
Store
Resources
Contact Us

 

 

News


VENTURE CAPITAL DIRECTORY | PRIVATE EQUITY DIRECTORY

List of Venture Capital / Private Equity Firms and Sources
Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory

2021 NEW EDITION NOW AVAILABLE!
Buy Now for $119.95 with a free annual update in January 2022

Learn More or Buy Now

VCPro Database 2021 24th Edition -- a downloadable and searchable venture capital database with 6,500+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. (Updated JULY 2021)

Learn More or Buy Now




MarginEdge, Leading Restaurant Management Platform Secures $18 Million in Series B Funding

Oversubscribed Round Led by Schooner and Follow-on Commitment from Existing Investors

FAIRFAX, Va., September 14, 2021-- Leading restaurant management platform, MarginEdge announced today that it closed an oversubscribed, $18 million Series B investment to expand their exponential growth. Schooner Capital led the round with follow-on investments from all major and strategic investors to-date, including Osage Venture Partners, Gordon Food Service's innovation arm Relish Works and Nigel Morris.

The pandemic accelerated tech adoption across the industry as restaurant operators were faced with a rapidly changing marketplace, labor shortages and a disrupted supply chain. Putting best-in-class tools and technology in the hands of restaurant owners has always been central to the MarginEdge mission - and as operators increasingly rely on technology to help navigate difficult terrain, MarginEdge has emerged a clear leader.

Bo Davis, CEO and Co-Founder says, "As a restaurant owner myself, the goal with MarginEdge has always been simple to help operators succeed and this was never truer than through the insanity of the pandemic. We feel deeply privileged to partner with operators across the country to help them run their business more efficiently and profitably. This funding will allow us to reach more restaurateurs, enhance our platform and exponentially grow our impact within the industry that so many of our team call home."

For the past six years MarginEdge focused on arming restaurant operators with technology to empower their businesses. The digitization of historically time-consuming back-office paperwork practices and real-time data have helped restaurateurs manage their business more profitably.

As a testament to their product and impact, MarginEdge recovered to pre-pandemic growth in September of 2020 and is on track to end 2021 with over 200% growth year-over-year. With well over 3 million invoices processed and $4 billion in annual sales from their clients, MarginEdge continues to make their mark in the restaurant tech space.

Their rapid growth and resiliency through the pandemic and the subsequent enthusiasm for this oversubscribed round serve as strong signals of MarginEdge's position and service in the industry.

Orhan Gazelle, Principal at Schooner Capital shared, "What struck our team about MarginEdge was not just their rapid growth and market position, but the deeply held culture of service to the industry. Everything they do comes from an authentic, service-driven mindset which has created a product that is an honest and empathetic response to the needs of their customers."

Aside from Schooner who led the round, this funding is composed completely of enthusiastic repeat investors, bringing MarginEdge's funding to date to over $35 million. Today, MarginEdge services over 2,400 independent restaurants in 47 states with a team of over 300 people in five countries and 29 states.

About MarginEdge

MarginEdge's mission is to create a world where restaurant operators can focus on the business they love. 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. Based in Fairfax, VA and 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. For more information visit www.marginedge.com.

Contact:
Elise Burke/5034597545/elise@marginedge.com
Charissa Benjamin/202-415-4461/charissa@savor-pr.com
Megan Reilly/215-399-6029/megan@savor-pr.com


News Index

Venture Capital Database 

 

 NEWS

Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template

 

Copyright 1998-2021 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer