ClearCOGS, a Chicago, IL-based AI-powered predictive analytics platform for restaurants, has raised $3.8 million in seed funding.
Investors
The oversubscribed round was led by Closed Loop Partners' Venture Group, with participation from Myriad Venture Partners and Level Up Ventures (Hearst Corporation).
Closed Loop Partners is a firm focused on advancing the circular economy through three key areas: investment (Closed Loop Capital Management), innovation (Center for the Circular Economy), and operations (Closed Loop Builders). Its venture capital division, Closed Loop Ventures Group, invests in early-stage companies creating circular solutions for essential materials. Based in New York City, the firm is a registered B Corp.
ClearCOGS Use of Funds
The company will use the funding to accelerate product development and customer acquisition, expanding its footprint in the food service industry.
About ClearCOGS
Founded by Matt Wampler, ClearCOGS is an AI-driven forecasting solution designed specifically for restaurant operations. Its predictive analytics simplify critical daily decisions around food prep, ordering, and staffing, helping restaurants reduce food waste, improve operational efficiency, and maximize profitability. ClearCOGS leverages advanced AI technology to translate complex operational data into clear, daily guidance, empowering restaurant operators to reduce costs, increase efficiency, and enhance profitability.
Funding Details
Company: ClearCOGS, Inc.
Raised: $3.8M
Round: Seed
Funding Date: April 2025
Lead Investor: Closed Loop Partners' Venture Group
Additional Investors: Myriad Venture Partners, Level Up Ventures
Company Website: https://www.clearcogs.com/
Software Category: AI - Forecasting Solution / Restaurant Tech
Source: https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/clearcogs-secures-38m-in-oversubscribed-seed-round-to-transform-r-1012486