Total amount raised
$503 Millions
Latest funding date
3/1/2025
Location
Odeko has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive service for cafes and small businesses, focusing on efficient supply chain management and smart operational software.
Keep reading to explore the intricacies of Odeko's fundraising journey and the investors backing this innovative platform.
What Is Odeko?
Odeko, founded in 2019, is headquartered in New York City. The company was established by Dane Atkinson and Joel Montaniel. With a team of over 200 employees, Odeko focuses on providing supply chain and operational solutions for cafes.
Odeko's services include stocking supplies, managing orders through a customizable dashboard, and offering smart stocking insights. They also handle mobile orders and rewards programs, ensuring cafes run efficiently.
By offering next-day delivery with no hidden fees, Odeko aims to save cafes time and money while reducing carbon emissions. Their innovative approach has made them a key player in the cafe supply chain industry.
How Much Funding Has Odeko Raised?
- Series A
- Amount Raised: $12M
- Date: August 2020
- Lead Investors: Notable Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach more cafes.
- Series B
- Amount Raised: $70M
- Date: August 2021
- Lead Investors: B Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance supply chain management features.
- Series C
- Amount Raised: $77M
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and expand market presence.
- Venture Round
- Amount Raised: $522.7K
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund ongoing operational needs and minor expansions.
- Venture Round
- Amount Raised: $500K
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support minor operational expansions and improvements.
- Series D
- Amount Raised: $53M
- Date: April 2023
- Lead Investors: B Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand service offerings.
- Funding Round
- Amount Raised: Not publicly disclosed
- Date: April 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
- Series E
- Amount Raised: $150M
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and expand market reach.
- Series E
- Amount Raised: $96M
- Date: March 2025
- Lead Investors: B Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth through new services and strengthen the leadership team.
- Debt Financing
- Amount Raised: $30M
- Date: March 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expansions and financial stability.
Odeko has raised a total of $489M. The current valuation is not publicly disclosed.
Key Investors
- B Capital
- Details: B Capital is a global venture capital firm founded in 2015. It supports early- to late-stage innovators in various sectors, including technology and healthcare.
- Investment Focus Areas: Technology, healthcare, climate, financial services.
- Notable Investments: Bird, Evidation Health, Ninja Van.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Two Sigma Ventures
- Details: Two Sigma Ventures is a venture capital firm that invests in early-stage technology companies leveraging data science and advanced technology.
- Investment Focus Areas: Early-stage technology, data science, advanced technology.
- Notable Investments: Amper Music, Enigma, Socure.
- Primary Ventures
- Details: Primary Ventures is a venture capital firm that focuses on early-stage investments in New York City-based startups.
- Investment Focus Areas: Early-stage startups, technology, consumer services.
- Notable Investments: Slice, Latch, Mirror.
- Banc of California
- Details: Banc of California is a financial institution that provided a $30 million credit facility as part of Odeko's Series E funding round.
- Investment Focus Areas: Financial services, credit facilities, business banking.
- Notable Investments: Primarily involved in providing financial services rather than equity investments.
What's Next for Odeko?
Odeko's future is brimming with opportunities. With the recent $126 million Series E funding, the company is poised to expand its service offerings and acquire businesses to broaden its market reach. Serving over 14,000 customers, Odeko's potential for growth is substantial, especially as it continues to support small and mid-size food businesses with innovative technology solutions.
Future fundraising opportunities seem promising, given the company's growth trajectory and the increasing demand for its services. However, challenges such as integrating acquired businesses and managing rapid expansion could pose hurdles. Navigating these challenges will be crucial for Odeko to maintain its competitive edge and continue its upward trajectory in the food and beverage industry.
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