Asset Manager

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Fourth Enterprises

Fourth serves 100,000 restaurant/hospitality sites with AI-powered workforce and inventory software. Backed by Marlin Equity Partners. CEO Scott Collison.

Fourth Enterprises

Fourth traces its roots to 1999, when two separate companies — one in the US (HotSchedules) and one in Europe (Fourth) — began building restaurant-specific software. They merged in July 2019 under the Fourth name, combining workforce management and inventory management into a single platform. The company sells into three overlapping asset classes: workforce management (scheduling, HR/payroll, compliance), inventory management (purchasing, recipe management, production planning), and data analytics (AI forecasting, business intelligence). Customers include Chili's, Noodles & Company, Lou Malnati's, and Pluckers Wing Bar. Fourth operates across North America, Europe, and Asia-Pacific, with offices in Austin, Tampa, Denver, London, Macclesfield, Sofia, Dubai, and Shanghai. The platform counts over 15,000 customers and 2.5 million users across 100,000 sites globally. Marlin Equity Partners, a Los Angeles-based investment firm with over $8.5 billion under management, backs Fourth. Scott Collison became CEO in 2023; he previously led Personify through an acquisition by Momentive. The company operates eight offices on four continents. Fourth's structural differentiator is its vertical focus: the platform is built exclusively for retail, restaurant, and hospitality operators. That narrow aperture lets it embed deeply into workflows — from hiring and scheduling to purchasing and production — rather than competing with horizontal workforce tools like UKG or Kronos across all industries.

Website
fourth.com

General information

Firm type

Asset Manager

Year founded

1999

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Austin

Corporate office

Austin, TX, United States

Additional offices

Tampa, FL · Denver, CO · London, UK · Macclesfield, UK · Sofia, Bulgaria · Dubai, UAE · Shanghai, China

Principals

Scott Collison

Chief Executive Officer

Jay Altizer

Chief Operations Officer

Christian Berthelsen

Chief Technology Officer

John Whitmarsh

Chief Financial Officer

Curt Richtermeyer

Chief Revenue Officer

Nipul Chokshi

Chief Marketing Officer

Sector focus

Enterprise SoftwareAI/ML

Frequently asked questions

Who runs investment decisions at Fourth?

Investment decisions are shaped by the executive team led by CEO Scott Collison, but overall strategic backing comes from Marlin Equity Partners, which owns a significant stake. The board includes Marlin representatives.

How does Fourth source proprietary deal flow?

Fourth is an operating company, not a fund. It sells software to restaurant and hospitality chains. The 'deal flow' is customer acquisition, achieved through direct sales and channel partners, not private-market investments.

Is Fourth structured as a single family office or does it operate more like a venture firm?

Neither. Fourth is a private software company majority-owned by Marlin Equity Partners, a private equity firm. Marlin itself is not a family office — it is an institutional asset manager with over $8.5 billion in capital.

Does Fourth participate in fund commitments or only direct deals?

Fourth does not make fund commitments. It is an operating entity delivering workforce and inventory management technology to hospitality operators.

What investment stages does Fourth typically target?

Fourth does not invest. It sells a subscription-based SaaS platform and does not make equity investments in portfolio companies.

How is Fourth related to Marlin Equity Partners?

Marlin Equity Partners is the majority owner of Fourth, having backed the company as a platform investment. Marlin does not operate Fourth day-to-day, but holds board seats and allocates capital for acquisitions and growth (per firm website).

Where does the underlying wealth come from?

Fourth does not manage wealth; it is a software company serving restaurant and hospitality operators. The ownership structure is not linked to a single family fortune.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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