MarginEdge has raised $80.0M in a Series D round, a sizable bet on the back-office software that’s quietly become a fixture for thousands of restaurants.
The company’s pitch is simple: restaurant staff snap photos of invoices, and MarginEdge handles the rest-capturing line items, syncing with point-of-sale systems, and spitting out a rolling profit-and-loss statement with drill-down detail. It also tracks recipe costs in real time and flags sudden jumps in ingredient prices. The platform is already used by more than 11,000 restaurants across the U.S. and Canada, from fast-casual spots to fine-dining operations. The fresh capital arrives as restaurants lean harder on automation to manage thin margins, though the company hasn’t detailed exactly where the new funds will go.
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