MarginEdge, a Fairfax, Va.-based restaurant management platform, secured $4m in additional funding.
The round, which brings MarginEdge’s funding to date to over $15m, was led by Osage Venture Partners with participation from Relish Works and repeat investors.
The company intends to use the funds for accelerated product development and investment in continued growth and expansion.
Led by Bo Davis, CEO and founder, MarginEdge provides smart technology to assist restaurants with financial and operations management. Through real-time data analysis, the platform allows restaurants to accurately look at up-to-the-minute costs, revenue streams, and other metrics to assist with growth-driven decision making. Today, the company services over 1,500 independent restaurant clients in 37 states.