We congratulate the MarginEdge team on closing an $80 million Series D, with Derive Ventures and Thayer Investment Partners among the participating investors, alongside Osage Venture Partners and Western Alliance Bank, in a round jointly led by Schooner Capital and Ten Coves Capital. The round brings MarginEdge's total funding to $162 million, nearly doubling what the company has raised since its founding — and it deepens our conviction in a business we have long believed sits at the center of restaurant technology's next decade.

MarginEdge now supports more than 13,000 restaurants and has processed over 40 million invoices, representing roughly $28 billion in purchasing volume. For more than a decade, the company has quietly turned that operational exhaust — purchasing, inventory, recipes, sales, accounting — into structured data. That data is now the foundation for a wave of AI products the company is shipping at a pace few restaurant-tech platforms can match.

“Hospitality starts with people. Our job is to build technology that gives operators more time to focus on their guests. We've spent the last decade helping restaurants organize every part of their business – from purchasing and inventory to recipes, accounting and payments. Clean, trusted restaurant data is the heart of powerful AI, and now we can put it to work in ways that simply weren't possible before.”

— Bo Davis, Co-Founder & CEO, MarginEdge

That AI push is already visible across the platform: Tom the Tomato, MarginEdge's built-in assistant, combines restaurant expertise with each operator's own data to recommend orders, flag waste, and explain unexpected performance swings. The company has also extended intelligence beyond its own walls with a restaurant-specific MCP connector — letting operators securely plug their MarginEdge data into tools like ChatGPT and Claude — alongside the MarginEdge Card for payments and continued investment in sales forecasting and invoice automation.

We are proud to continue supporting Bo Davis and his team and couldn't be more excited about what's next. MarginEdge is proof that the most durable AI products in any vertical are built on top of data infrastructure nobody else bothered to organize. Restaurants generate an enormous amount of operational signal every day; MarginEdge has spent ten years turning that signal into the substrate for genuinely useful automation, rather than a thin AI layer bolted onto someone else's workflow. That is the pattern we look for across every category we back, and restaurant tech is no exception. Read the entire announcement at GlobeNewswire.