Reeco, a Miami, FL-based provider of an AI-driven procure-to-pay platform for the hospitality industry, raised $15M in Series A funding.
The round was led by Aleph VC, with participation from Net Capital Ventures and Joule Ventures.
The company intends to use the funds to further enhance its strategic growth initiatives, including the accelerated advancement of its platform.
Led by CEO Henrik Shimony and CTO Omri Shalev, Reeco provides an AI-driven procure-to-play platform for the hospitality industry to manage procurement, inventory, and accounts payable. By connecting procurement and back-of-house operations, the company helps operators cut costs, increase efficiency, and improve profit margins.
Users can purchase from any contracted vendor and receive goods, manage recipes to track real-time food costs, and automate inventory audits and invoicing.
The Series A funding builds on a $10M seed round, bringing Reeco’s total funding to $25M.
FinSMEs
15/01/2025