Tech Company Financing Transactions
Reeco Funding Round
Joule Ventures, private investors and Net Capital Ventures participated in a $10 million Seed funding round for Reeco. The round closed on 3/28/2023.
Transaction Overview
Company Name
Announced On
3/28/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.
Company Information
Company Status
Private & Independent
Industry
MarTech
Mailing Address
Ben Avigdor Street 18
Tel Aviv, 6721842
IL
Tel Aviv, 6721842
IL
Phone
Undisclosed
Website
Email Address
Overview
Reeco is transforming the way hotels purchase supplies by introducing the first and only marketplace that brings together hotels and all their suppliers in one convenient platform. From food and beverage to cleaning supplies, Reeco has everything hotels need to run smoothly, all on one bill. We've made the purchasing process easy and user-friendly, like shopping online, and receiving orders is just as simple with our tablet-based system. With Reeco, hotels can save time and money - cutting ordering and receiving time by 80% and spending up to 19% less on each order, all while maintaining the highest quality standards. Plus, Reeco provides valuable insights into purchasing habits and eliminates the need for manual accounting, making operations run more efficiently.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Henrik Shimony
Chief Technical Officer
Omri Shalev
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Where The Data Comes From
We report on all VC transactions involving tech companies. All VC database entries on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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