Notch provides an end-to-end back-of-house software platform that automates order management, bill and invoice reconciliation, and payment processing for foodservice businesses. The company partners with restaurant groups such as Oliver & Bonacini Hospitality and wholesale distributors like The Butcher Shoppe to bring operations online. In late 2022 Notch rolled out an Accounts Receivable solution for wholesale distributors to automate collections, and in Q1 2023 it plans to release an AP manager to move supply-chain payments online. The platform enables restaurants across North America to move off cash and cheques and pay vendors through the Notch system. As part of its product push, the company restructured its team and hired new heads of marketing, operations, and sales. Notch intends to use recent funding to ramp up sales and marketing and accelerate geographic expansion. Notch is a Toronto-based provider of online restaurant supply-chain software that digitizes the paper-driven wholesale food ordering process for restaurant chains and food brands. Its platform currently includes Notch Marketplace, used by nearly 1,500 restaurants across North America to shop and price-compare more than 100,000 wholesale food SKUs, invoice, track orders, receive real-time inventory updates, and forecast. Notch is developing Notch Pay, an automated payment and collection solution for restaurants and distributors. Led by CEO Jordan Huck, the company serves restaurants and distributors in the Greater Toronto Area, Chicago, and Texas (Houston, Dallas, San Antonio and Austin). The company plans to use the new capital to accelerate growth, expand further across North American restaurant chains and food brands, fund ongoing innovation, hire and retain talent, and continue U.S. expansion. The article reports the company raised $10M in funding to support these initiatives.

Total raised

$20M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2023