Reeco has successfully secured $15 million in Series A funding, building on a previous $10 million seed round for a total of $25 million. The funding will be utilized to enhance its procure-to-pay platform for the hospitality sector by freeing back-of-house teams from traditional systems and integrating key functions for efficiency. This investment is expected to support the development of new features and expand sales and marketing efforts. CEO Henrik Shimony highlights the necessity of modernizing procurement to stay competitive, and investors recognize Reeco's strong market fit and potential for significant impact.
This Series A funding reflects strong investor confidence in our vision to revolutionize procurement in the hospitality space. We're witnessing unprecedented demand as operators recognize that modernizing their procurement and back-of-house operations is no longer optional - it's essential to remain competitive in today's market.
Reeco benefits from a charismatic founding team with deep domain expertise and a strong pull from the market. It's already demonstrated strong product-market fit and is positioned to transform one of the largest sectors in our economy.
Collection
[
|
...
]