Odeko, a New York-based operations software partner for independent coffee shops, cafés, and other shops, raised $53M in Series D funding.
The round, which brought the total amount to $177M, was led by existing investor B Capital and included continued support from GGV Capital and Tiger Global Management with participation from new investors, including Amex Ventures, KSV Global and FJ Labs.
The company intends to use the funds to further invest in the technology behind its platform, which helps its 10,000 small business customers nationwide more efficiently order equipment and supplies from hundreds of vendors, manage inventory, and analyze data insights to save time and money, continue to scale its operations and enter new markets.
Led by Dane Atkinson, CEO and Founder, Odeko provides operations software that streamlines supply chain management, enabling businesses to order from over 400 national and local brands, delivered direct to the fridge and to the store, five to seven days a week. The system offers an advance order feature through its app and online for consumers who want to pre-order from their favorite local coffee shops and cafes.
The platform serves approximately 10,000 independent businesses across 16 major markets via local delivery and the rest of the United States through e-commerce and other solutions.
In the last year alone, Odeko expanded into six new markets, including Miami, Portland and Dallas.