Bethesda-based payment processing company Qu has secured $10 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Feb. 12 and led by Cota Capital.
According to its Crunchbase profile, "Qu, formerly Gusto, is going beyond traditional point of sale (POS) technology with a singular focus on fast-casual and quick-service restaurant chains. Leveraging an API-first approach and a core suite of omni-channel ordering solutions, Qu delivers an enterprise-scale, cloud-based POS solution that’s fast, flexible and forward-thinking, making it easy to implement, easy to use and easy to afford."
The seven-year-old company raised a $2.8 million Series A round in 2014.
The round brings total funding raised by Bethesda companies in commerce and shopping over the past 90 days to $18 million.
In other local funding news, prospect research company WealthEngine announced a $6.5 million debt financing funding round on March 5, led by Novak Biddle Venture Partners.
According to Crunchbase, "WealthEngine.com is the leading wealth research services firm for nonprofit organizations and financial services companies. Recognizing the value of wealth indicators and identifying links to prospects, WealthEngine gathers information to assist wealth managers, marketers and development professionals to create strategies for up-selling, cross-selling or fundraising."
Founded in 1991, the company has raised four previous rounds, including a $5.1 million Series B round in 2014.
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