Sourcery offers a SaaS platform that helps restaurateurs and corporate kitchens order from vendors, digitize and organize invoices and receipts, track inventory and costs, and calculate ingredient pricing. The app lets restaurants upload invoices or receipts (including via on-site scanners) which Sourcery extracts and organizes to reduce lost or paper-stained invoices. Founders Na’ama Moran (CEO) and Peretz Partensky launched the product to address the restaurant industry’s largely paper-driven accounts-payable workflows that complicate cash flow management. The company recently raised $5 million in venture funding to accelerate product development. Sourcery plans to build an accounts-receivable feature for vendors that will automatically issue invoices, track them and bill customers through the app. Investors and the company also expect near-term development of additional accounts-payable data insights and enterprise features, with longer-term potential to expand beyond food and restaurants into other verticals and equipment tracking.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2016