BevSpot, a Boston, Massachusetts-based provider of a platform that streamlines beverage management for the hospitality industry, closed an $11m Series B funding round.
The round was led by existing investor Bain Capital Ventures, with participation from other inside investors and new investors.
The company, which has raised a total of approximately $19m, will use the funds to accelerate its product development timeline and continue its expansion into other markets.
Founded over two years ago by CEO Rory Crawford, BevSpot provides web and mobile-based software tools that allow users to conduct alcohol inventory and invoice management on any mobile device. The company has more than 80 employees serving more than 400 customers, including restaurants, bars, hotels, nightclubs, and other establishments in more than 40 states and select international markets.