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Israeli hospitality AI startup Reeco raises $15m series A
Reeco, a startup focused on AI-driven solutions for the hospitality sector, has raised US$15 million in a series A funding round.
This round was led by Aleph VC, with contributions from Net Capital Ventures and Joule Ventures, raising the total funding for the company to US$25 million.
The funds will support research and development, customer acquisition, and the expansion of sales and marketing teams.
Additionally, Reeco plans to add new features to its procure-to-pay platform, which streamlines procurement by integrating inventory management, vendor preferences, and accounts payable automation into a single system.
Recent hospitality developments
| Timeline |
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27-Nov-2023 🏡 Indian hospitality startup takes home $2.5m in Surge-led seed round
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25-May-2023 🏨 SG hospitality firm secures $9m in SoftBank Ventures Asia-led round
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29-Oct-2021 🏨 Japanese hospitality firm raises $1m in seed money
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15-Oct-2021 🏨 Indonesian hospitality brand’s series B round led by Indies Capital
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04-Mar-2021 🏢 Hospitality startup Sonder used this deck to secure $225m in its series D round
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