MarginEdge is the industry-changing restaurant software platform uniquely providing automated invoice processing with food and beverage cost analytics.
MarginEdge’s mission is to create a world where restaurant operators can focus on the business they love.
MarginEdge was founded in 2015 by Bo Davis, Roy Phillips, Mike Spitalney, & Sam Leiber. The company is headquartered in Falls Church, Virginia.
MarginEdge is reimagining the back office and freeing restaurants to spend more time on their culinary offerings and guest experiences, by using best-in-class technology to eliminate unproductive paperwork and streamline the flow of operational data.
MarginEdge automates tedious processes, connects systems and radically streamlines key activities, like inventory, cost-tracking, ordering, Food Cost Management, and recipes.
MarginEdge is currently working with 1000 restaurants in 35 states, from fast-casual to fine dining. The company processes more than 20,000 invoices a week for restaurants collectively doing $2 billion a year in sales, representing $700 million a year of purchasing data.
MarginEdge is backed by Osage Venture Partners, Center for Innovative Technology Gap Funds., Good Company, IrishAngels Ventures and others. The company raised $5M from a "Series A" financing on Oct 22, 2019. This new round brings MarginEdge's total funding to $10.4M to date.