Odeko, a NYC-based operation and technology partner for local coffee shops, cafes, and other food and beverage businesses, raised $126M in Series E funding.
The round consisted of $96M in equity led by B Capital and a $30M credit facility from Banc of California.
The company intends to use the funds to:
- accelerate growth through new services and cost savings for customers;
- acquire businesses that will extend its market reach and product offerings;
- build out its leadership bench.
Led by CEO and Founder Dane Atkinson, Odeko is an all-in-one operations and technology partner to more than 14,000 independent F&B businesses, including coffee shops, cafes and other food establishments. Through its portal, customers save on their cost of goods and time spent on vendor management. Its customers can order exactly what they need from hundreds of national and local brands, delivered direct-to-fridge and shop, up to seven days a week. The company currently has warehouses in 15 U.S. markets, providing local delivery to customers, and serves the rest of the country through e-commerce and other solutions.
Odeko has more than 14,000 customers, including local businesses who have developed a regional or national presence, like Aroma Joe’s®, Birch, Blank Street, Go Get Em Tiger, Gregorys, Joe Coffee, Van Leeuwen, and White Rhino.
To accelerate its growth and expansion plans, Odeko added to its team:
- Gautam Grover joined as President; he was previously Chief Strategy Officer at Roland Foods and President of the Flavors Group at Sensient Technologies.
- Ken Banas joined as Chief Financial Officer; prior he held multiple leadership roles at U.S. Foods and USG.
FinSMEs
04/03/2025