FTV Capital led a $160m Series B round in Plate IQ.

FTV Capital, a sector-focused growth equity investment firm, led a $160m Series B round in Plate IQ, a restaurant and hospitality accounts payable automation and payments platform. "As longtime investors in business automation and payments technology, it’s exciting to see the rapid pace of innovation today across the AP automation and B2B payments landscape as digital platforms upend manual processes and legacy systems. With its unique approach of building vertically holistic, market-leading software, Plate IQ has proven its leadership in the restaurant and hospitality sectors and is well poised to serve new industries urgently seeking ways to automate back-office operations. Furthermore, the shift to digital B2B payments represents a tremendous growth opportunity, and we are thrilled to partner with Plate IQ as they continue to innovate," Rob Anderson, FTV Capital Partner.