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MarginEdge lands $45M to Give Restaurants Real-Time Spend Data

January 9, 2023
MarginEdge, an Arlington based restaurant management and bill payment platform, has raised $45m in Series C funding, bringing its total funding to $71m. The round was led by Ten Coves Capital, with participation from Fiserv, Derive Ventures and all of the company's previous investors. 

MarginEdge provides invoice processing, inventory management, recipe analysis, budgeting, performance tracking and supplier bill payment capabilities. Its technology is designed to help restaurants monitor costs in real time, process invoices and manage inventory.

MarginEdge has been proud to support DC-area restaurants since 2015 and to be a RAMW Endorsed Provider since 2021. “As restaurant owners in the metro Washington area ourselves we understand the challenges of running restaurants firsthand and just how hard 2022 was in particular. This additional funding will help us continue to deepen our services to help restaurant operators with additional product features and a restaurant-specific payments network,” says CEO Bo Davis.

The company grew its revenue by 100% in the past year, while its employee base almost doubled. MarginEdge plans to use the funding to improve and expand the platform, including providing more real-time reporting capabilities, enhancing the mobile app and expanding its payment network.
MarginEdge was named a 2022 Top Workplace by both the Washington Post and Washington Business Journal.