Craftable, a Dallas, TX-based hospitality SaaS platform, announced a strategic investment from private equity firm Gauge Capital.
The investment further enhances Craftable's position at the forefront of cutting-edge technology shaping the hospitality industry.
As part of the investment, Tom McKelvey, Garrett Fair, and Sam Yang from Gauge Capital have joined Craftable's Board of Directors.
"We are excited to partner with Gauge for the next chapter of Craftable's growth.We look forward to leveraging the resources and support from an investment partner with significant enterprise software expertise while maintaining our relentless focus on the customer experience that has always been at the core of Craftable's success," said Samuel Zats, Co-Founder and CEO of Craftable."Gauge's growth investment in the business and aligned focus on supporting our customers will help us to accelerate our product innovation, execute our sales strategy and further build our impact in the market."
Craftable's innovative technology solutions equip restaurant, bar, hotel, and hospitality operators with intuitive and easy-to-use tools that can help them make strategic decisions based on real-time data to drive sales and reduce costs.
The company hospitality management SaaS platform allows for seamless back-of-house automation and management. Today, Craftable has over 50,000 monthly active users, with more onboarding every day. Craftable serves thousands of hospitality industry operators and partners with some of the most prominent names in hospitality.
Company: FNBTech, Inc.
Round: Strategic Investment
Funding Month: July 2023
Lead Investors: Gauge Capital
Company Website: https://craftable.com/
Software Category: Hospitality Management
About the Company: Founded in 2015, Craftable is a technology platform provider that seamlessly connects purchasing, recipes, inventory, sales, accounting, and analytics to create operator success in the hospitality, food, beverage, and entertainment industries. Craftable's best-in-class Foodager and Bevager management systems allow operators to access product supplies, invoices, and purchasing procurement at their fingertips while integrating with 60+ POS and financial systems to provide real-time data on how product cost increases, variances, and labor affect their bottom line. Craftable partners with some of the most prominent operators in hospitality, such as José Andrés, Tao Group Hospitality, bartaco, Major Food Group, Front Burner Society Brands, and Kimpton Hotels.