$6M in New Funding for Exit41

Exit41, an Andover, MA-based maker of software that captures takeout, delivery, and catering orders at restaurants, has been recapitalized with $6 million in new funding, erasing previous venture investments of more than $20 million, the blog peHUB reported on Friday. The company was not available for comment at press time, but the peHUB report says the recap funding came from new investors GrandBanks Capital, Contour Venture Partners, and Dace Ventures, in addition to existing investor Fidelity Investments. Exit41, which started in 1998 as Elm Square Technologies, is also developing a scalable platform for customers to order takeout food without having to use a phone.

Trending on Xconomy