Tech Company Financing Transactions
xtraCHEF Funding Round
On 6/3/2019, xtraCHEF raised $7.5 million in Series A funding from MVP Capital Partners, Laconia Ventures and ValueStream Ventures.
Transaction Overview
Company Name
Announced On
6/3/2019
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Series A
Investors
Proceeds Purpose
The company plans to use the funds to continue to grow the team and propel the product's evolution from a restaurant invoice processing solution to becoming the premiere back-of-house business intelligence and operations platform in the industry.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
175 Varick St. 4th Floor
New York, NY 10014
USA
New York, NY 10014
USA
Phone
Website
Email Address
Overview
xtraCHEF was first founded on the premise that archaic, paper-based processes in back-of-house operations in restaurants across the country could easily be resolved by readily available enterprise technologies. In 2015, this idea to democratize enterprise technologies - such as Mobile, Cloud, Multi-tenancy, Optical Character Recognition (OCR), Business Intelligence - began to take form.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew Schwartz
Chief Technical Officer
Bhavik Patel
Co-Founder
Chaz Brown
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