xtraCHEF Raises $7.5 Million Series A to Help Restaurants Become More Data Driven

The round, led by MVP Capital Partners, will accelerate the company’s path toward becoming the hospitality industry’s first and only AI-driven procurement and operations platform

PHILADELPHIA, PA – 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.

Read the full press release here.