Odeko Raises $150M in Series C

Odeko has successfully raised $150M in a Series C at a $700M valuation led by Insight Partners, Tiger Global.

Company Overview

Odeko is a SaaS company headquartered in New York, NY, founded in 2015 with 300+ employees.

Restaurant-tech software platform for coffee shops and cafes

Fundraising Details

• Amount Raised: $150M
• Round Type: Series C
• Valuation: $700M
• Date: 2024-12-02
• Investors: Insight Partners, Tiger Global

About Odeko

Restaurant-tech software platform for coffee shops and cafes The company is positioned in the SaaS sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: New York, NY
• Founded: 2015
• Team Size: 300+
• Industry: SaaS

What This Means

This funding round demonstrates strong investor confidence in Odeko's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The SaaS sector continues to attract significant investment as companies innovate to meet evolving market demands. Odeko's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $700M valuation marks an important milestone for Odeko, positioning the company among notable players in the SaaS industry.

Looking Ahead

With this new capital, Odeko is well-positioned to execute on its growth strategy and continue building innovative solutions in the SaaS space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-12-02. For more information about Odeko, visit their headquarters at New York, NY.