Odeko Closes $12M Series A; Merges With Cloosiv To Form New Mobile-Ordering App
Summary
Buoyed by a $12 million Series A funding, Odeko and Cloosiv merged Tuesday to form a connected supply and demand management platform for cafes and coffee shops. New Jersey-based Cloosiv, an order-ahead app for coffee shops, cafes and bakeries, was started in 2017, and raised $2.1 million in seed funding, according to Crunchbase data. The company’s vision is to help cafes and coffee shops expand their customer base, drive top-line revenue to be more competitive, and mitigate hardships due to the pandemic, Atkinson said. Odeko also aims to be a stable entity during this challenging ecosystem, helping small businesses that don’t have the funds to hire developers or pay fees to food delivery companies. It will also develop further app features, such as sharing the story of the farm from which a business buys its items, and for customers to see how their purchase is making a difference in the community.