Fundraising Fox

Odeko

YC S19YC Top Company

New York City, US · Founded 2019 · Delaware corporation · 371 employees · Hiring · 19 known investors

Odeko provides software and operational systems for independent food service businesses to compete with chain restaurants through cost optimization and margin improvement. The platform serves small food business owners seeking to scale efficiently without franchising.

Also known as Cloosiv · Odeko (Formerly Cloosiv) · Odeko, Inc.

Enterprise SoftwareFoodTechLogistics & Supply ChainRetail TechSaaSB2BLogisticsUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (S19)

Odeko was founded in 2019 by James Burkhardt.

JBJames Burkhardt
James BurkhardtinFounderJames Burkhardt co-founded Odeko, which provides procurement software for coffee shops and independent retail brands. He has prior experience scaling SMB-focused startups.
DADane Atkinson
Dane AtkinsonChief Executive Officer
THTom Hore
Tom HoreChief Product Officer
SM
Stephen MarChief Legal & Administrative Officer
TS
Todd SunstedExecutive
BB
Bernar BekirovExecutive

Board

ADAllen Duan
Allen Duanin𝕏Board MemberVenture Partner at Differential Ventures
SA
Sami AhmadinBoard directorGeneral Partner at B4 Capital
MG
Mark GoinesBoard director
RHRobert Hayes
Robert Hayesin𝕏Board directorFirst Round Board Partner; former Palm product leader and Omidyar technology investor; early backer of Uber, Square and Mint
CG
Chris GoulakosBoard director

Investors · 19

Also in the syndicate · 1

KSV Global

Reported raises · per SEC filings

Form D private placements

$223.9M disclosed across 7 of 10 rounds · 2019–2025

$48.1MraisedAug 2025 · 38 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Allen DuanDirector
  • Dane AtkinsonExecutive Officer, Director, Promoter
  • Chris GoulakosDirector
  • Sami AhmadDirector
  • Mark GoinesDirector
Offering amount
$96.3M
Amount sold
$48.1M
First sale
Aug 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$53.6MraisedApr 2023 · 24 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Sami AhmadDirector
  • Mark GoinesDirector
  • Dan AbelonDirector
  • Dane AtkinsonExecutive Officer, Director
  • Tim GriffinDirector
  • Puishuen LiDirector
  • Rob HayesDirector
Offering amount
$110M
Amount sold
$53.6M
First sale
Oct 2022
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$47MraisedJan 2022 · 5 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Dane AtkinsonExecutive Officer, Director, Promoter
  • Tim GriffinDirector
  • Dan AbelonDirector
  • Rob HayesDirector
  • Mark GoinesDirector
  • Sami AhmadDirector
  • Puisheun LiDirector
  • Bernar BekirovExecutive Officer
Offering amount
$47M
Amount sold
$47M
Proceeds to insiders
$4.5M
First sale
Jan 2022
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$49.5MraisedJan 2022 · 19 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Dane AtkinsonExecutive Officer, Director, Promoter
  • Sami AhmadDirector
  • Mark GoinesDirector
  • Rob HayesDirector
  • Tim GriffinDirector
  • Dan AbelonDirector
  • Bernar BekirovExecutive Officer
  • Puishuen LiDirector
Offering amount
$49.5M
Amount sold
$49.5M
Proceeds to insiders
$8.4M
First sale
Aug 2021
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$11.7MraisedAug 2020 · 13 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Puishuen LiDirector
  • Robert HayesDirector
  • Tim GriffinDirector
  • Mark GoinesDirector
  • Bernar BekirovExecutive Officer
  • Dane AtkinsonExecutive Officer, Director, Promoter
Offering amount
$11.8M
Amount sold
$11.7M
First sale
Jul 2020
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8MraisedJul 2019 · 7 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Todd SundstedExecutive Officer
  • Puishuen LiDirector
  • Bernar BekirovExecutive Officer
  • Dane AtkinsonExecutive Officer, Director
  • Robert HayesDirector
  • Mark GoinesDirector
Offering amount
$8M
Amount sold
$8M
First sale
Jun 2019
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$6MraisedMar 2019 · 6 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Todd SunstedExecutive Officer
  • Bernar BekirovExecutive Officer
  • Robert HayesDirector
  • Dane AtkinsonExecutive Officer, Director
  • Mark GoinesDirector
Offering amount
$6M
Amount sold
$6M
First sale
Mar 2019
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

The YC application· Summer 2019 batch

Alumni Q&A

How have you kept in touch with the YC community and continued to use YC resources & programs since the batch ended?
The founders report that the YC network produced introductions and relationships with partners, customers, and investors that extended well beyond the batch itself. They credit ongoing advice from Gustaf, Aaron, and Dalton with helping them navigate the COVID-19 pandemic.
What's the history of your company from getting started until the present day? What were the big inflection points?
The founders began without a product, drawing on prior experience scaling SMB startups to pick a sub-vertical and assemble a team, then built relationships with independent coffee brands such as Birch Coffee and Joe Coffee Company to identify procurement as the first problem to solve. The company started as an AI procurement engine, merged with Cloosiv in early 2020, and grew afterward; 90% of pre-COVID customers reopened using the platform, and the company now serves roughly ten times as many small businesses as before the lockdown.
What is the core problem you are solving? Why is this a big problem? What made you decide to work on it?
The founders argue that local cafés have relied on analog tools while large chains develop and test technology at scale, leaving independent operators dependent mainly on the point-of-sale system and losing ground as chains expand their footprints.
What is your long-term vision? If you truly succeed, what will be different about the world?
The company builds a technology stack intended to help small food businesses raise revenue, cut costs, and reduce their carbon footprint. Started in 2019, it entered the market through coffee shops, bakeries, and cafés because of the vertical's low technology use, standardized workflow, and low SKU count, focusing on supply and demand; it now serves thousands of these businesses with supply and mobile ordering products and plans to add tools for operations, finance, marketing, procurement, and expansion.

Summarized from the founders' answers on their Y Combinator profile.

Company profile

researched Aug 2026

Odeko is a New York City-based company that combines wholesale supply distribution with operations software for independent coffee shops, bakeries and cafes. Customers order supplies through a customizable dashboard, and Odeko consolidates purchasing across vendors and delivers overnight or next-day, restocking shelves before opening. The company states it carries more than 400 brands and offers no hidden fees.

Alongside supply, Odeko provides software for online and mobile ordering, customer messaging and alerts, inventory management and audits, vendor management and sourcing, payment infrastructure and a rewards program. Press coverage describes tailored solutions spanning payments, point-of-sale, inventory and payroll. The company frames its value proposition as giving independent operators the aggregated buying power and technology available to large chains, citing roughly 10 hours saved per week on ordering and vendor management, 21% savings on cost of goods sold, a 5% increase in annual profits and 66% lower carbon emissions from consolidated deliveries.

Odeko was part of Y Combinator's Summer 2019 batch and is categorized as a B2B logistics company. Its stated long-term direction is to extend the platform beyond supply and mobile ordering into operations management, finance, marketing, procurement and expansion tools.

Founding story

According to founder and CEO Dane Atkinson, Odeko grew out of his prior company SumAll, which aimed to give small businesses access to their own data. SumAll received data from brick-and-mortar quick-service restaurants, partly via an early partnership with Square, and the team built a predictive system on top of register data that could forecast roughly a week ahead. Atkinson, who had also owned restaurants and a coffee shop, took the idea to operators who reported broad technology gaps; the team targeted inventory, which accounts for about 35% of a cafe's total revenue, as the first application. The company began in 2019 by choosing coffee shops, bakeries and cafes as an entry point into the quick-serve market because of the vertical's limited technology footprint, standardized workflows and low SKU count. Early relationships with independent brands such as Birch Coffee and Joe Coffee Company shaped the initial procurement product.

Business model

Odeko sells supplies to independent food and beverage businesses and pairs that distribution with subscription-style operations software. It aggregates purchasing across many small customers to obtain better pricing from suppliers, consolidates orders and deliveries to reduce logistics cost and emissions, and layers technology products such as mobile ordering, inventory tools, payments and point-of-sale on top of the supply relationship. Following the 2025 Series E, the company said it would use proceeds to add cost-saving services, acquire additional businesses to broaden its market reach and product set, and expand its executive leadership.

Revenue comes from supplying goods to cafes (with the company advertising no hidden fees on delivery) and from its operations software and adjacent services including payments, point-of-sale, inventory, payroll and, after the Butter Insurance acquisition, small business insurance.

Traction

Odeko's site cites 10,000 customers, 120,000 cafes stocked and more than 400 brands carried. March 2025 press coverage reports more than 14,000 customers in the United States. Y Combinator lists a team size of 371. A company blog post in April 2024 refers to a turnaround from zero revenue to $150M.

Latest developments

In March 2025 Odeko announced a $96 million Series E led by B Capital, a $30 million credit facility from Bank of California, and the acquisition of New York-based small business insurance startup Butter Insurance, bringing total equity financing to roughly $273 million since 2019. The company said funds would go toward new cost-saving services, further acquisitions and executive hiring. In December 2024 it was named to Deloitte's Technology Fast 500.

Full profile — market position, technology, go-to-market, geography, history

Market position

Odeko positions itself as an all-in-one supply and operations provider for independent cafes, giving them buying power and technology comparable to large chains. Trade press describes it as a coffee shop software provider approaching $300 million in funding, and the company was named to Deloitte's Technology Fast 500 list in 2024.

The company combines physical supply distribution and overnight restocking with software, rather than offering only point-of-sale or ordering tools. Aggregated purchasing across thousands of small businesses and consolidated deliveries are presented as the source of both cost savings and reduced emissions, while onboarding includes an in-person visit and key handover to enable deliveries outside business hours.

Technology

The platform began as an AI/machine-learning procurement engine that forecast demand about a week ahead using point-of-sale and register data. Current components include a customizable ordering dashboard, smart stocking insights tuned to each cafe's demand patterns, inventory software and audits, online and customer ordering software, mobile alerts and messaging, a consumer app for mobile pick-up orders and rewards, and payment, supply and delivery infrastructure.

Go-to-market

Odeko onboards cafes through a direct process: an operator provides details about the shop once, Odeko visits the location for a walkthrough and key pickup to enable overnight access, then begins delivering and restocking supplies overnight. The company also markets through its blog, industry events such as Coffee Fest NYC, executive media appearances, and partnerships with well-known independent coffee brands.

Independent food service operators — primarily coffee shops, bakeries and cafes — that compete with national and global chains. Named customers include Go Get Em Tiger, Gregorys Coffee, Joe Coffee, Aroma Joe's, Birch Coffee and White Rhino.

Geography

Headquartered at 247 Centre St., New York, NY 10013, with customers across the United States and engineering and other roles listed as remote within the US. Support is available daily from 5am to 11pm ET.

History

Founded in 2019 and part of Y Combinator's Summer 2019 batch, Odeko launched with an AI-driven procurement engine built on machine learning. The company describes early traction before the COVID-19 pandemic, followed by a difficult period in early 2020 that led to a merger with mobile-ordering startup Cloosiv, announced alongside a $12M Series A reported in 2021. Post-pandemic recovery brought rapid growth, with the company saying 90% of its pre-COVID customers reopened and that it grew to serve nearly ten times as many small businesses as before lockdowns. In July 2022 Odeko launched a rebrand developed with Red Antler and added mobile ordering to its cafe operations platform. A $53M Series D led by B Capital was reported in April 2023, and in March 2025 the company announced a $96M Series E, a $30M credit facility from Bank of California and the acquisition of small business insurance startup Butter Insurance.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Brands carriedJan 2025$400
Cafes stockedJan 2025120,000 cafes
CustomersJan 202510,000 customers
Customers (US)Mar 202514,000 customers
HeadcountAug 2026215
Increase in annual profitsJan 20255%
Reduction in carbon emissions from consolidated deliveriesJan 202566%
Reduction in cost of goods soldJan 202521%
RevenueApr 2024$150M
Team sizeJan 2025371 employees
Time saved per customer per weekJan 202510 hours
Total equity financing raisedMar 2025$273M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Odeko for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 7

launches, deals, and filings
Mar 2025
Odeko acquires Butter Insurance

Odeko announced the acquisition of Butter Insurance, a New York-based small business insurance startup.

source ↗

Mar 2025
Odeko secures $30 million credit facility from Bank of California

Alongside its Series E, Odeko announced a $30 million credit facility from Bank of California.

$30M source ↗

Dec 2024
Odeko named to Deloitte's Technology Fast 500

source ↗

Jul 2022
Odeko rebrand with Red Antler

Odeko and agency Red Antler revealed a rebrand.

source ↗

Jul 2022
Odeko adds mobile ordering to its cafe operations platform

source ↗

Jun 2021
Odeko merges with mobile-ordering startup Cloosiv

Odeko merged with Cloosiv to form a new mobile-ordering app, announced alongside its $12M Series A.

source ↗

Jan 2019
Odeko participates in Y Combinator Summer 2019 batch

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
OdekoDelaware

In the news

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Odeko do?
Odeko supplies and restocks independent cafes overnight and sells operations software for ordering, inventory and mobile orders.
Who founded Odeko?
Odeko was founded by James Burkhardt in 2019.
Who are Odeko's investors?
Odeko's investors include B Capital Group, B4 Capital, Emles Venture Partners, MPG Fund, Notable Capital, PROOF, Sommet AB, Sprint Vc and 10 more.
How much funding has Odeko raised?
Odeko has disclosed $223.9M raised across 7 of its 10 known rounds.
Where is Odeko headquartered?
Odeko is headquartered in New York City, US.