MarginEdge, the Arlington, Virginia-based AI-powered restaurant PAYMENTS platform founded in 2015 by restaurateur Bo Davis alongside Brian Mills and Roy Phillips, has raised an $80 million Series D combining debt and equity led by existing investors Schooner Capital and Penco Capital, with participation from Osage Venture Partners, Derive Ventures, and Western Alliance Bank, bringing total funding to approximately $162 million. The platform processes roughly 300,000 invoices per week across 12,000 restaurants including Cava and Maman, combining AI-based invoice scanning with a human-in-the-loop team of 900 staff to achieve the accuracy levels restaurants require, and is building toward integrations with chatbots including Claude and ChatGPT alongside a new Smart Prep product to automate daily food prep calculations. The raise stands out in a DMV tech ecosystem where large investments typically flow to national security firms, and demonstrates how AI-native restaurant tech with strong unit economics can still command institutional capital even amid broader SaaS valuation pressure.
MarginEdge Expands Restaurant Operations Platform with $80M Series D
