Venture Capital

Xtrachef Raises $7.5M Series A To Help Restaurants Become More Data Driven

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PHILADELPHIA, May 30, 2019-- xtraCHEF, a cloud-based restaurant management platform that combines best-in-class AP automation with back-of-house business and operational intelligence, today announced the closing of a $7.5 million Series A funding round to fuel growth, accelerate its product roadmap and recruit new talent. The financing round was led by Radnor, PA-based MVP Capital Partners, with participation from existing investors ValueStream Ventures and Laconia Capital Group. Leveraging a combination of machine learning, data science and a deep understanding of restaurant finance and operations, xtraCHEF is leading restaurants through a digital transformation of their back-of-house.

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