The company, formerly named ChefHero, closed a financing round in late December to support its pivot to helping restaurants digitize their back-of-house operations. Portage Ventures led the round, which included backing from Golden Ventures, Math Ventures and Accomplice and a debt facility from Silicon Valley Bank. Notch would not disclose how much of the US$10-million was debt. (The Logic)

Talking point: Notch also restructured its team, laying off seven employees while adding two to head up operations and marketing and growth teams (the company’s total headcount now sits at 51). It also brought Ricky Lai, a partner at Portage, onto the board of directors. The company plans to use the money to expand to the U.S. in late 2023 and to hire a new head of sales in the coming weeks. It’s aiming to launch a product this quarter that will let North American restaurants pay vendors via the company’s platform instead of by cash or cheque. That will come on the heels of the rollout of an accounts receivable product for wholesale distributors that automate collections and handle payments online.