News

XtraChef raises $7.5M for recruitment, product roadmap advancement

May 30, 2019

Cloud-based restaurant management platform provider xtraChef has closed on $7.5 million dollars in Series A funding and plans to use the money to drive growth, accelerate its product roadmap and recruit talent.

The funding, according to a press release, was led by Radnor, PA-based MVP Capital Partners, with involvement from existing investors ValueStream Ventures and Laconia Capital Group.

"xtraChef's rapid growth and broad user adoption has shown how eager the restaurant industry is to streamline back-of-house operations and gain deeper insights into its core business," said Rob Brown, vice president of MVP Capital Partners, in the release. "At MVP, we have a burgeoning hospitality portfolio, and we understand first-hand the problems that xtraChef is solving."