B2B Food and Beverage Platform Odeko Raises $126M in Series E Funding
Odeko is an all-in-one operation and technology partner for thousands of local coffee shops, cafes, and other food and beverage businesses.
Independent food B2B platform Odeko raised $126 million ($96 million in equity led and a $30 million credit facility) in Series E funding, which will be used to acquire companies, drive growth through new services and cost-savings, and hire management talent. The company also announced that it acquired Butter Insurance, which will enable Odeko to offer its customers comprehensive, cost-effective insurance solutions. In the end, startups use fintech solutions such as insurance as another way to generate revenues from premiums in sectors with low margins. Honest question - how long is it before Odeko IPOs?
Nation’s Restaurant News: Restaurant tech startup Odeko raises $126 million in series E funding