Odeko

Odeko

Streamlines operations for coffee shops

About

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 an average of 10 hours per week. The platform reduces carbon emissions by 66% by consolidating deliveries and helps clients save 21% on the cost of goods sold, leading to a 5% increase in annual profits. Unlike competitors, Odeko focuses on empowering small to medium-sized businesses with a subscription-based service that enhances efficiency while preserving their unique qualities. The company's goal is to support its clients' success and foster a culture of innovation and inclusivity.

Company Stage

Series E

Employees

51-200

Industries

Food & Agriculture, Social Impact, Consumer Goods

Total Funding

$265.6M

Headquarters

N/A

Founded

2019


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Simplify's Take

What believers are saying

  • Odeko's rapid revenue growth of over 300% year over year indicates strong market demand and business scalability.
  • The company's ability to save clients up to 21% on the cost of goods sold and 10 hours per week in operational time can significantly boost profitability for small businesses.
  • Strategic partnerships and expansions into new markets, such as Miami, Portland, and Dallas, highlight Odeko's growth potential and market penetration.

What critics are saying

  • The competitive landscape in the food and beverage tech sector is intense, with established players like Square and Toast posing significant threats.
  • Odeko's rapid expansion and scaling efforts may lead to operational challenges and potential service quality issues.

What makes Odeko unique

  • Odeko's all-in-one dashboard specifically targets small to medium-sized food and beverage businesses, unlike broader solutions from competitors like Square and Toast.
  • Their focus on sustainability, reducing carbon emissions by 66% through consolidated deliveries, sets them apart in the industry.
  • The leadership team's experience from renowned consumer brands like Starbucks and WeWork provides a strategic advantage in understanding and addressing client needs.

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Growth & Insights
Headcount

6 month growth

11%

1 year growth

11%

2 year growth

11%

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

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