Commerce and Payments Platform Sourcery Completes $5M Venture Funding Round

September 13, 2016

Sourcery, a digital payments and commerce platform focusing on the $300 billion-plus in accounts payable within the food and hospitality industry, announced the completion of a $5M venture round. This brings the company’s total funding to $7.5M.

Sourcery’s SaaS platform provides a seamless interface for digital invoicing and payments, including an advanced dashboard for real-time spend monitoring and cash flow management. Serving businesses from local restaurants to multi-location chains and corporate kitchens at companies like Dropbox, Airbnb, and Thumbtack, Sourcery will process more than $100 million this year.

Led by Marker LLC with Steadfast Capital and existing investors, the new