MIAMI, FL, Reeco, the first-of-its-kind marketplace that connects hospitality buyers and suppliers, today announced the general availability of its solution and $10 million in seed funding.
Reeco provides a streamlined process for hotels and other hospitality buyers to order everything from food and beverage to cleaning supplies. The AI-powered marketplace offers near-perfect availability of products while substantially reducing costs. The funding round was led by Net Capital Ventures and Joule Ventures with participation from Eynat Guez, CEO of Papaya Global, and other high-profile angel investors.
Reeco is a first-of-its-kind marketplace that uses AI-based technology to streamline the ordering and receiving of supplies in the hospitality industry. The platform provides total freedom of choice and complete visibility into purchasing improving speed and efficiency while reducing cost and waste. From food and beverage to cleaning supplies, hotels can get everything in one place, on one bill.
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