Fundraising Fox
xtraCHEF
New York, US · Founded 2015 · 31 employees on LinkedIn · 6 known investors
Find your way into xtraCHEF
Sign up to see every warm intro you have to xtraCHEF
- Paths you didn't know you had: your email and LinkedIn already hold routes to the xtraCHEF team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
xtraCHEF provides accounting, financial management, and operations software for restaurants and food service businesses. The platform uses cloud, mobile, machine learning, and OCR technology to automate financial and operational tasks for hospitality operators.
Founders & leadership
xtraCHEF was founded in 2015 by Andy Schwartz, Bhavik Patel, and Chaz Brown.
AS
Andy SchwartzCo-Founder / CEOAndy Schwartz led sales and marketing as SVP at MTS Software Solutions before co-founding xtraCHEF in 2016, which Toast acquired in 2021. He later served as VP of Growth at Toast and Head of Product for the Financial Suite at Square, and founded Profit Labs and Navara Technologies.
BP
Bhavik PatelCo-Founder & CTOBhavik Patel spent a decade at J&B Software working on remote capture products before serving as CTO of MTS Software Solutions and then co-founding xtraCHEF in 2016. After Toast acquired the company, he was VP of Product and Engineering there, and has since founded PieQ.ai and co-founded Ai Labz.
CB
Chaz BrownCo-Founder
Investors · 6
Connectivity Ventureslisted by Connectivity VenturesNew York
How we know: Connectivity Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
Valuestream Ventureslisted by Valuestream VenturesMiami · $250K – $10M
How we know: Valuestream Ventures's portfolio page · funding news · inquirer.com · Not right? Tell us
LaconiareportedNew York · $250K – $1M
How we know: a partner's Signal profile · inquirer.com · open dataset · 5k.vc investor directory · Not right? Tell us
Also in the syndicate · 2
MVP CapitalleadMVP Capital Partnerslead
Funding
SEC filings, press & company announcements$7.5M disclosed across 1 of 2 rounds · 2019
- $7.5MSeries AMay 2019 · 4 sources
MVP Capital (lead), MVP Capital Partners (lead), Laconia Capital Group, ValueStream Ventures
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Related companies · 10
ToastToast provides a restaurant management platform combining point-of-sale hardware (Flex POS, Toast Go 3 handheld) with software tools for online ordering, payroll, and other operations. It serves restaurants and restaurateurs across the food service industry.
Restaurant 365Restaurant365 provides cloud-based enterprise management software for restaurants, integrating accounting, store operations, and workforce management into a single platform. The company serves restaurant concepts nationwide with solutions for financial visibility, operational efficiency, and employee management.
MarketManMarketMan provides software solutions for restaurant operators and foodservice distributors, offering inventory management, supply chain optimization, and business intelligence tools. The platform serves over 15,000 restaurant operators globally and is powered by Meal Ticket, a leader in foodservice technology.
IntuitIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
TouchbistroTouchBistro is an all-in-one POS and restaurant management system that provides restaurateurs with payment processing, online ordering, reservations, and related tools. The platform helps restaurant operators increase sales, improve guest experiences, and reduce operational costs.
MarginEdgeMarginEdge builds a restaurant management platform that handles invoice processing, inventory, cost tracking, and accounting integrations for restaurant operators. The software is aimed at the food service and hospitality sector.
LightspeedLightspeed provides a point-of-sale and payments platform that lets retail and hospitality businesses sell in person, online, and on social channels from one connected system. It offers inventory management, integrations, embedded funding, and B2B wholesale ordering for merchants across more than 100 countries.
OpenTableOpenTable is an online restaurant-reservation service and restaurant table-management software provider, owned by Booking Holdings.
BlueCartBlueCart is a wholesale management platform that connects food and beverage distributors with restaurants, cafes, hotels, and foodservice businesses. The platform provides digital storefronts, order management, inventory, invoicing, and CRM tools for distributors to manage their wholesale operations.
Block IncBlock, formerly Square, runs the Square seller platform, Cash App, Afterpay and TIDAL, plus the TBD and Bitkey bitcoin businesses. Founded by Jack Dorsey and Jim McKelvey in San Francisco in 2009, it is listed on the NYSE as XYZ.
Companies working in the same space as xtraCHEF.
In the news
Frequently asked questions
- What does xtraCHEF do?
- xtraCHEF provides accounting, financial management, and operations software for restaurants and food service businesses. The platform uses cloud, mobile, machine learning, and OCR technology to automate financial and operational tasks for hospitality operators.
- Who founded xtraCHEF?
- xtraCHEF was founded by Andy Schwartz, Bhavik Patel, Chaz Brown in 2015.
- Who are xtraCHEF's investors?
- xtraCHEF's investors include Beresford Ventures, Connectivity Ventures, Valuestream Ventures, Laconia.
- How much funding has xtraCHEF raised?
- xtraCHEF has disclosed $7.5M raised across 1 of its 2 known rounds.
- Where is xtraCHEF headquartered?
- xtraCHEF is headquartered in New York, US.