Affiliates of Stellus Capital Management provided unitranche senior debt financing in support of Gauge Capital’s partnership with Craftable, a hospitality-focused software-as-a-service platform that provides back-of-house automation and management to the hospitality, food, beverage and entertainment industries.
Founded in 2015, Craftable’s technology solutions equip restaurant, bar, hotel and hospitality business operators with tools that can help them make strategic decisions based on real-time data to drive sales and reduce costs. Its hospitality management SaaS platform allows for back-of-house automation and management. The platform provides operators with procurement, inventory tracking, recipe cost management, accounts payable automation, scheduling and analytics solutions.
“We appreciate Stellus’ support of the transaction and their ability to work swiftly to provide a flexible financing structure that enables us to capitalize on growth opportunities and further enhance Craftable’s position at the forefront of cutting-edge technology shaping the hospitality industry,” Garrett Fair, a principal at Gauge Capital, said.
“We are excited to partner with Gauge on another transaction and look forward to working with Samuel Zats and the entire Craftable management team,” Gavin Roseman, a managing director at Stellus Capital Management, said. “The Craftable team has created a leading hospitality SaaS platform with significant growth opportunities. The partnership with Gauge will provide the team with additional resources and support to accelerate growth.”
