B2B Food and Beverage Platform Odeko Raises $126M in Series E Funding

SaaSPlatforms
Written By Rick Watson

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

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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