MarginEdge, a Fairfax, Virginia-based restaurant management platform, raised $18 million in Series B funding.
The round was led by Schooner Capital with participation from Osage Venture Partners, Gordon Food Service’s innovation arm Relish Works, and Nigel Morris.
The company intends to use the funds to accelerate growth, and expand operations and its business reach.
Company: MarginEdge Co.
Raised: $18.0M
Round: Series B
Funding Month: September 2021
Lead Investors: Schooner Capital
Additional Investors: Osage Venture Partners, Gordon Food Service’s innovation arm Relish Works, and Nigel Morris
Company Website: https://www.marginedge.com/
Software Category: Restaurant management platform
About the Company: Led by Bo Davis, Roy Phillips, and Brian Mills, MarginEdge provides a restaurant management platform to eliminate paperwork and streamline the flow of operational data to a diverse group of operators from single units and small chains to large franchise and hospitality groups. Today, the company services over 2,400 independent restaurants in 47 states with a team of over 300 people in five countries and 29 states.
Source: https://www.finsmes.com/2021/09/marginedge-raises-18m-in-series-b-funding.html