Reeco, an Israeli start-up based in Tel Aviv, has raised $10 million in seed funding from investors, including Joule Ventures, Papaya Global, and NET Capital Ventures. The company has developed a groundbreaking marketplace that connects hotels with all their suppliers on a single platform. Reeco's one-stop-shop platform enables hotels to purchase various supplies, including food and beverage, cleaning supplies, and more, while streamlining the procurement process.

The Reeco platform is designed to make the purchasing process more efficient, user-friendly, and cost-effective for hotels. It allows hotels to reduce their ordering and receiving time by up to 80% while saving up to 19% on each order. With Reeco, hotels can also maintain high-quality standards. The platform provides valuable insights into purchasing habits and eliminates the need for manual accounting, enabling operations to run more efficiently.

Reeco's innovative approach to hotel supply purchasing has earned it the moniker #FREECOMMERCE, reflecting its commitment to freeing up resources for hotels to focus on delivering exceptional experiences to their guests.

The seed funding will enable Reeco to expand its operations and continue to disrupt the hospitality industry by providing hotels with a powerful tool to optimize their procurement processes. Visit our latest funding round for more information: https://founderlodge.com/round/Reeco-raises-10000000-Seed-2023-03-29-Henrik-Shimony-MTE2MjE.