FTV Capital invests $160M in payments platform Plate IQ

FTV Management Co. LLC, or FTV Capital, invested $160 million in Plate IQ's series B fundraising round.

Robert Anderson and Gary Weber, partner and vice president, respectively, at FTV Capital, will join Plate IQ's board of directors following the investment.

Plate IQ provides automated restaurant and hospitality accounts payable solutions. The company appointed former TriNet Group Inc. Chief Revenue Officer Barrett Boston as CEO, replacing Bhavuk Kaul, who will transition to the role of president.