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Sourcery has raised $2.1M across 2 funding rounds.
Sourcery has raised $2.1M in total across 2 funding rounds.
Sourcery has raised $2.1M in total across 2 funding rounds.
Sourcery's investors include Angel Invest, Runa Capital, Charlie Songhurst, Chris Murphy, Matthias Hilpert.
Sourcery Technologies, Inc. is a technology company building a next-generation Foodservice Commerce Platform designed for restaurants, caterers, and corporate kitchens of all sizes.[1][3][4][6] It serves professional food businesses by streamlining back-of-house operations through easy-to-use technology and customer support, reducing time spent on paperwork and payments while enabling more focus on customer service.[1][4] The company, a Y Combinator-backed startup, raised $7.5M in total funding, including a $5M round, before being acquired by Lavu, a mobile POS and payment platform, to enhance restaurant accounts payable automation and operational efficiency.[3]
With 11-50 employees (or 10-19 per some estimates) and revenue between $1M-$5M, Sourcery operated in IT services, custom software, and procurement enhancement, headquartered in locations including Nevada and San Francisco, California.[1][3]
Sourcery Technologies emerged as a Y Combinator-backed startup focused on accounts payable automation tailored for the restaurant industry.[3] Specific founders and exact founding year are not detailed in available data, but the company quickly gained traction, securing $7.5M in funding across two rounds, with $5M in its most recent.[3] A pivotal moment came with its acquisition by Lavu, announced via Business Wire, which integrated Sourcery's payment automation tech with Lavu's POS tools to drive restaurant revenue and efficiency.[3] Early development centered on foodservice procurement, evolving into a comprehensive commerce platform that addressed inefficiencies in ordering, payments, and operations for food businesses.[1][4][5]
(Note: Search results reference a separate "Sourcery" at the sourcery.io domain—a global sourcing platform for commodities—which appears distinct based on domain, focus on agri-trade/AI, and member-owned model.[2])
Sourcery rides the wave of restaurant tech digitization, where automation addresses chronic back-of-house pain points like manual procurement and payments amid labor shortages and slim margins.[1][3] Timing aligns with post-pandemic recovery in foodservice, where platforms like POS integrations (via Lavu acquisition) capitalize on demand for efficiency tools.[3] Market forces favoring it include rising adoption of vertical SaaS in hospitality and procurement tech, with Sourcery influencing the ecosystem by merging commerce platforms with payment automation to boost operational scalability for small-to-medium food businesses.[1][5] Its Y Combinator roots and funding underscore its role in startup-driven innovation for underserved sectors like catering and corporate kitchens.[3][4]
Post-acquisition by Lavu, Sourcery's tech will likely deepen integration into POS ecosystems, expanding automation reach across more restaurants and potentially evolving into full-suite back-of-house management.[3] Trends like AI-driven procurement and real-time payments will shape its path, amplifying efficiency gains in a sector projected for steady tech investment. Its influence may grow through Lavu's network, setting a model for targeted acquisitions that consolidate fragmented foodservice tools—ultimately redefining how kitchens operate leaner and scale faster, tying back to its core mission of transforming mundane tasks into competitive edges.[1][3]
Sourcery has raised $2.1M across 2 funding rounds. Most recently, it raised $2.0M Seed in January 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2022 | $2.0M Seed | Angel Invest, Runa Capital, Charlie Songhurst, Chris Murphy, Matthias Hilpert | |
| Jan 1, 2021 | $120K Seed | Angel Invest, Charlie Songhurst, Chris Murphy, Matthias Hilpert |
