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About Odeko
Industries
Food & Agriculture
Consumer Goods
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$358.9M
Headquarters
New York City, New York
Founded
2019
Overview
Odeko helps small businesses, particularly independent coffee shops, streamline their operations with an all-in-one dashboard for ordering and vendor management, saving clients an average of 10 hours per week. The platform reduces carbon emissions by 66% through consolidated deliveries and helps clients save 21% on costs, potentially increasing annual profits by 5%. Unlike competitors, Odeko focuses on empowering small to medium-sized businesses with a subscription service that enhances efficiency while maintaining their unique qualities. The company's goal is to support its customers' success and foster innovation through inclusivity.
Simplify's Take
What believers are saying
- Odeko raised $126M in Series E funding, enhancing growth and innovation.
- The rise of ghost kitchens offers new opportunities for Odeko's integrated solutions.
- Digital transformation in small businesses aligns with Odeko's operational streamlining services.
What critics are saying
- Increased competition from Dripos could threaten Odeko's market share.
- Integration of Butter Insurance may divert focus from core operations.
- Ghost kitchens trend may shift market dynamics, impacting Odeko's client base.
What makes Odeko unique
- Odeko's platform saves clients 10 hours weekly by streamlining vendor management.
- The company reduces carbon emissions by 66% through consolidated deliveries.
- Odeko's bulk purchasing power saves clients 21% on goods, boosting profits by 5%.
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Funding
Total Funding
$358.9M
Above
Industry Average
Funded Over
8 Rounds
Tiger Global
Y Combinator
BoxGroup
First Round CapitalIndustry standards
Benefits
Competitive salaries
401K
Equity opportunities
Comprehensive and affordable medical, dental, and vision benefits. HSA, FSA available
Fitness benefits
Wellness programming
Unlimited vacation
Paid gender neutral parental leave
Fully remote team
Stipend for WFH set-up
Employee Resource Groups
Actively growing D&I initiatives
Bi-annual reviews
Professional growth stipend
Personal growth programming
Growth & Insights and Company News
6 month growth
↑ 7%1 year growth
↑ 7%2 year growth
↑ 7%NEW YORK--(BUSINESS WIRE)--Odeko, the all-in-one operation and technology partner for thousands of local coffee shops, cafes, and other food and beverage businesses, today announced it has raised $126 million in Series E funding, comprised of $96 million in equity led by B Capital and a $30 million credit facility from
NYC-based Odeko, which sells smart operations software to independent coffee shops and cafes, raised a $126M Series E, including $96M in equity and $30M in debt (Richard collings/axios).
Odeko has raised $126 million in Series E funding, combining $96 million in equity led by B Capital and a $30 million credit facility from Banc of California.
Odeko also announced that it acquired specialized platform, Butter Insurance
As a combined entity, Odeko subsequently raised tens of millions of dollars in venture-backed funding.
Odeko is Hiring for 3 Jobs on Simplify!
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About Odeko
Industries
Food & Agriculture
Consumer Goods
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$358.9M
Headquarters
New York City, New York
Founded
2019
Odeko is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today