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ALBUQUERQUE, N.M. — Washington-based Aldrich Capital Partners has invested $15 million in Lavu Inc., Albuquerque’s homegrown point-of-sale software firm for restaurants and hotels.

The funding, billed as the largest Series A venture investment in New Mexico history, will help the company to rapidly grow its market, said Lavu Co-founder and CEO Andy Lim.

“We’re looking at hyper growth,” Lim told the Journal. “It’s not only the capital, but the resources and connections that these investment professionals bring.”

The company, which launched in 2010, developed software that allows restaurants and hotels to conduct their business on mobile devices like tablets and smartphones. With Lavu’s system, restaurants and hotels integrate all front- and back-end operations.

The company has grown rapidly in recent years, with its software currently used in more than 4,000 establishments worldwide. It reached $4 million in revenue in 2013 and currently employs 40 people at a 10,000-square-foot office Downtown.

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But the company needs more financial resources and industry leverage to grow faster, Lim said. “These investors bring real leverage through their connections and resources to support our growth and allow us to play in the big leagues,” Lim said. “We can use that leverage to start approaching big chains in the restaurant and hotel industries, allowing us to grow to maybe ten times our size almost overnight.”

Aldrich founding partner Mirza Baig will join Lavu’s board of directors.

“Lavu is a best-of-breed solution in the mobile point of service space,” Baig said in a prepared statement. Lavu lets restaurants take control of their operations by providing front of house and back of house functionality…We believe Lavu is well positioned to continue scaling its solution to help restaurants run more efficiently and more profitably.”

Lavu will also use the investment funds to expand its product line, and to open satellite offices in cities on both the west and east coasts.