Hospitality software maker Odeko eyes acquisitions after raising $126m
Summary
Get the week’s news highlights straight to your inbox The hospitality software platform will use the new investment to expand its range of services through new product development and acquisitions Odeko’s digital services platform for independent coffee and hospitality operators has raised more than $280m to date | Photo credit: Clay Banks US hospitality software platform Odeko has raised $126m in a Series E funding round to scale its operations, acquire complimentary businesses and strengthen its leadership structure. Founded in New York in 2019, Odeko works with small hospitality businesses to optimise digital operations, including mobile ordering and supply chain management. In a press release, Odeko said the funding will boost the support it can offer clients, enabling them to compete more effectively with large multi-site operators. This new funding will allow us to offer an unparalleled suite of services to help independent businesses gain access to the unified buying power and technology of larger chains and thrive,” said Dane Atkinson, Founder and CEO, Odeko. Odeko, which operates distribution facilities in 15 US states, has raised more than $280m to date, including a $53m funding round in April 2023.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
