Eyenalyze, a leader in CPA-friendly restaurant back-office solutions, announced Friday seed funding from Cadron Creek Capital.
The funding will be used to further Eyenalyze's solution which simplifies restaurant back-office business including inventory, plating cost and employee tracking – all while providing end data that is useful and compatible with financial analysis and reporting.
A spokesman said “Cadron Creek typically invests $50,000 – $150,000 into a company" and the investment into Eyenalyze “is in the middle” of that range, but would not disclose a specific figure.
"We believe that Eyenalyze's mission, not only in producing a powerful suite of back-office PC and mobile apps, but also their vision in creating a seamless bridge between the data captured by their system and the world of CPAs, is an offering that is sorely needed by small- and medium-sized restaurant chains," Jeff Standridge, co-founder of Cadron Creek Capital said in a news release. "Having their solution already successfully adopted by numerous restaurant franchises, we're looking forward to Eyenalyze's continued momentum and development of their offerings."
Cadron Creek Capital is a seed capital investment fund focused on process innovators, technology and technology-enabled startups and designed to foster growth in entrepreneurial activity throughout the mid-South.
"Eyenalyze provides powerful technology tools, usually reserved for national chains, to regional and independent restaurant operators," said Michael Rasmussen CPA, CEO of Eyenalyze. "Cadron Creek Capital's investment in our company underscores our value proposition and will help us to further improve our offering, providing restaurant owners and managers with the technology tools they need for success."