Odeko helps small businesses, particularly independent coffee shops, streamline their operations through an all-in-one dashboard that simplifies ordering and vendor management, saving clients about 10 hours a week. The company reduces carbon emissions by 66% by consolidating deliveries and helps clients save 21% on costs, leading to a potential 5% increase in annual profits. Unlike competitors, Odeko focuses on empowering small businesses with tools that enhance efficiency while maintaining their unique qualities. The goal is to support customer success through a subscription-based model, fostering innovation and inclusivity.

Tiger Global

Four Cities Capital

JPMorgan Chase & Co

Addition VC

MPG Fund

PROOF

Emles Venture Partners

Mana Ventures

Atacama Ventures

8090 partners

JP Morgan

KBW Ventures

Alumni Ventures

DO Venture Partners

B Capital Group

Y Combinator

FJ Labs

Two Sigma Ventures

BoxGroup

First Round Capital

Primary Venture Partners

Lee Fixel

Notable Capital

Balius Partners

Gaingels

I2BF Global Ventures

Tech Pioneers Fund

KSV Global

Amex Ventures

Food & Agriculture

Consumer Goods

Odeko

Everything you need to need to know about the largest NYC startup funding rounds of January 2022; broken down by industry, stage, investors, and more…

The 7 Largest NYC Tech Startup Funding Rounds of January 2022

This week in restaurants, Nathan’s Famous taps ghost kitchens, and USHG launches new loyalty apps.Quick-service restaurant (QSR) chain Nathan’s Famous announced Wednesday (April 19) a partnership with virtual restaurant company Nextbite to enable other restaurants to prepare the brand’s foods from their kitchens, selling them for delivery online.“We think Nextbite is a great partner to bring our world-famous Nathan’s hot dogs, fresh burgers, and crinkle cut fries to Nathan’s fans all over via delivery, as we have a solid track record with our virtual partners,” Phil McCann, Nathan’s vice president of marketing said in a statement. “The Nextbite team clearly has the expertise to bring our concept on a national scale by working with restaurants nationwide.”Certainly, this is not Nathan’s Famous’s first foray into the ghost kitchen space. In 2021, the brand was opening virtual locations by the hundreds, and later that year, the company began working with ghost kitchen solution provider Franklin Junction to help its digital expansion. No word on where that partnership stands now, but as recently as last fall, the two companies were opening dozens of new locations.Overall, delivery orders make up a relatively small portion of all restaurant sales, but that share is growing. PYMNTS’ study “Connected Dining: Rising Costs Push Consumers Toward Pickup,” which draws from a January survey of more than 2,100 U.S. consumers, finds that 10% of consumers reported having ordered their last restaurant meal for delivery, up significantly from 7% just the month before.Overall, a significant share of restaurant customers places orders online at least some of the time

Restaurants Seek New Tech Partnerships To Drive Digital Sales

When the global pandemic hit, independent restaurants and shops that didn’t already have an online ordering system in place found themselves scrambling to keep operations going when consumers no longer were going into establishments.That’s where Odeko has come in, providing supply chain management and other operations tools to independent coffee shops and cafés. That includes smart operations software to help customers manage inventory, get data insights and order equipment and supplies from more than 400 vendors in a way that is less expensive and reduces their environmental footprint.“It’s been a rough number of years for hospitality, generally,” Odeko CEO Dane Atkinson told TechCrunch. “We’ve gone through a pretty rough supply chain crisis. A lot of our focus was making sure they could have cups and lids that matched and getting them cheaper prices so they spend less on that cup every day considering that milk, eggs and everything else has consistently jacked up their costs.”Today the company, founded in 2019 by Atkinson, works with 10,000 small businesses and is experiencing revenue growth of over 300% year over year. He said Odeko is able to save customers up to 21% on the cost of goods and up to 10 hours a week of time spent on managing vendors.It is in 16 markets locally, and in the past year, expanded into six of those, including Miami, Portland and Dallas. It is also available in the rest of the United States through e-commerce and other solutions.Odeko’s dashboard

B Capital Leads Odeko’S $53M Series D To Help Small Coffee Shops Scale

As a combined entity, Odeko subsequently raised tens of millions of dollars in venture-backed funding.

Dripos raises $11M Series A to replace Square, Toast and 8 other pieces of software

In a not-so-distant past, meeting someone for a cup of coffee at your neighborhood coffee shop was part of the regular rhythm of life. For many, these shops served as…

Charlotte-based Cloosiv Merges with Odeko and Raises $12 million Series A to Reimagine Mobile Ordering

As PYMNTS has learned over a half-year of interviews with SMB owners, there will be quite a few that come back post-COVID, albeit a bit different than before.

Can SMBs Avoid Being Left Behind In The Great Digital Shift?

Odeko partners with Espresso State of Mind to bring the Bay Area coffee community together.

Odeko, Inc. partners with Espresso State of Mind

Tiny Mile partnered with Odeko, a mobile ordering application for coffee shops.

Tiny Mile partners with Odeko, Inc.

Small independent coffee shops have found themselves needing to go digital, but don't have huge IT departments, according to Tim Griffin, founder of Cloosiv.

Why Small Coffee Shops Are Thinking Big About Digital

Streamlines operations for independent coffee shops

Odeko

Streamlines operations for independent coffee shops

Odeko

Streamlines operations for independent coffee shops

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