London-based Platter, which builds a food-native operating system for suppliers, wholesalers and manufacturers, has extended its latest venture round with backing from supply-chain specialist Verb Ventures, having surpassed £100m in annual trade processed through the platform.
Platter is pitching itself as the back office for the food trade, replacing the spreadsheets that still run much of the sector with a single system covering ordering, production, inventory, invoicing and finance. The company has now added an extension to its most recent venture round, joined by Verb Ventures. Terms of the extension were not disclosed.
The raise lands on the back of concrete commercial traction. Platter says it has processed more than £100m in annual trade through the platform and has recorded zero customer churn since launch. It has onboarded over 30 customers, each of which runs roughly £3m to £10m of annual trade through the system.
The pitch is one of entrenchment. Platter argues that once a supplier or wholesaler routes its ordering, stock and invoicing through a single system of record, switching costs become significant, the classic dynamic that investors in vertical software look for when underwriting durable revenue.
The new money comes from an investor built for the category. Verb Ventures runs a €25m fund dedicated to supply-chain platforms, making Platter a natural fit for a firm hunting for software that sits at the operational core of physical-goods businesses.
Platter has raised in stages rather than through a single large round. The company previously closed a pre-seed of around £350,000 in 2025, with early backers including Startup Wise Guys, before building out its customer base ahead of this latest extension.
The company's framing, that it is building "the missing puzzle for the sector, the back office itself," speaks to a broader thesis in food-supply technology: that the industry has been served by point solutions for logistics and payments, but not by a single operating layer built around how the trade actually works day to day.
For Verb Ventures, the appeal is a business already handling meaningful transaction volumes with no reported churn, at a stage where valuations remain modest relative to later rounds. For Platter, the extension buys runway to convert operational traction into scale, deepening its hold on customers whose entire back office increasingly runs through its software.
With the extension closed, the test now is whether Platter can push well beyond its current cohort of suppliers and turn a £100m trade-processing milestone into a materially larger book of recurring revenue.
Original source: Tech.eu — https://tech.eu/2026/08/07/platter-lands-follow-on-funding-from-verb-ventures-to-modernise-food-supply-operations/