About xtraCHEF
xtraCHEF is a company based in New York (United States) founded in 2015 was acquired by Toast in June 2021. xtraCHEF has raised $10.5 million across 3 funding rounds from investors including MVP Capital Partners, ValueStream Ventures and Laconia Capital Group. xtraCHEF offers products and services including AP Automation, Food Cost Management, Inventory Management, Recipe Management, and Procurement. xtraCHEF operates in a competitive market with competitors including Amadeus, SpotOn, Tillster, Olo and Mews, among others.
- Headquarter New York, United States
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Sectors
TechnologyConsumer Travel & Hospitality
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Phone
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Website
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10.5 M (USD)
in 3 rounds
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Latest Funding Round
$7.5 M (USD), Series A
May 30, 2019
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Investors
MVP Capital Partners
& 5 more
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Employee Count
Not available
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Acquired by
Toast
(Jun 08, 2021)
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Products & Services of xtraCHEF
xtraCHEF offers a comprehensive portfolio of products and services, including AP Automation, Food Cost Management, Inventory Management, Recipe Management, and Procurement.
Automates accounts payable to reduce manual entry and errors
Manages ingredient costs and menu pricing for profitability
Tracks inventory to minimize waste and labor costs
Handles recipes for efficient kitchen operations
Streamlines vendor negotiations and purchasing processes
People of xtraCHEF
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Funding Insights of xtraCHEF
xtraCHEF has successfully raised a total of $10.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.5 million completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in xtraCHEF
xtraCHEF has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include MVP Capital Partners, ValueStream Ventures and Laconia Capital Group.
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Buyouts in private equity are targeted by MVP Capital Partners.
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Early-stage investments are provided in B2B data-driven platforms.
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Seed-stage funding is provided to US tech companies by Laconia.
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Investor details for xtraCHEF
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Investments & Acquisitions by xtraCHEF
Investment portfolio details for xtraCHEF
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Financial Statements - xtraCHEF
Detailed financials for xtraCHEF
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Xtrachef Comparisons
Peer comparison for xtraCHEF
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Competitors of xtraCHEF
xtraCHEF operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Amadeus, SpotOn, Tillster, Olo and Mews, among others.
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SaaS-based operations management is provided for hospitality and aviation sectors.
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Provider of cloud-based POS software solutions for businesses and service providers
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SaaS solutions for restaurant online ordering and analytics are offered.
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Olo is recognized as a restaurant technology platform provider.
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Cloud-based software for hotel and hostel operations is managed.
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Browser-based software solutions for hotels and other accomodations
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Detailed competitors of xtraCHEF
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Latest news on Xtrachef
Complete news archive for xtraCHEF
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Frequently Asked Questions about xtraCHEF
xtraCHEF was founded in 2015 and raised its 1st funding round 3 years after it was founded.
xtraCHEF is headquartered in New York, United States. It is registered at New York, New York, United States.
xtraCHEF is a funded company, having raised a total of $10.5M across 3 funding rounds to date.
Founded in 2015 in New York, United States, xtraCHEF operates in the restaurant technology sector. Invoices from vendors are processed by capturing images, with data extracted for real-time tracking of purchases, returns, variances, costs, and price changes. Analysis of invoice content is facilitated for operational efficiency. The application remains in development stages, focusing on streamlined vendor management services.
xtraCHEF's top competitors include Toast, UrbanPiper and Amadeus.
xtraCHEF offers AP Automation, Food Cost Management, Inventory Management, Recipe Management, and Procurement.
xtraCHEF has 6 investors. Key investors include MVP Capital Partners, ValueStream Ventures, Laconia Capital Group, Ben Franklin Technology Partners, and Connectivity Ventures Fund.