Plate IQ, a San Francisco, CA-based restaurant accounting solution, raised $4m in funding.
The round was led by Eileses Capital with participation from Initialized Capital, Restaurant Group, the Y Combinator Continuity Fund and the Tamares Group.
The company will use the funds to expand operations and grow into new markets.
Co-founded by Bhavuk Kaul and Ram Jayaraman, Plate IQ provides restaurants with a complete suite of accounts payable solutions to manage expenses in real-time. The company’s offerings include the following modules: Controller/CFO, Operations/GM, Chef, Hospitality Group and Accounting Firm.
Clients include high-class restaurants, startups, enterprise companies, and hotel chains.