Greycroft Backs BlueCart In $5M Funding - socaltech.com
Summary
Greycroft Ventures, which has a big presence in Los Angeles, has backed Silicon Valley-based BlueCart, a developer of machine learning software and other tools for the hospitality industry, to the tune of $5M. BlueCart said this week that it raised $5M in its Series B-1 funding, bringing its total raised to $22M. Dana Settle, the LA-based co-founder and Managing Partner of Greycroft, has joined BlueCarts board as an observer, with fellow Greycroft venture capitalist Bo Peabody joining BlueCarts board. BlueCart has developed a hospitality industry marketplace and "sales enablement platform" which the company says uses machine learning and other predictive technology to help businesses ranging from small owner/operator restaurants to national groups and chains with ordering, inventory, and budgeting. More information »
Classifications
AskAI Classifications
LabelsLinked Companies
