Folio Services
Latest round
- Series A
Last raised
- Jul 2025
Total raised
- $14M
Investors
- 4
About Folio Services
Folio Services, Inc.Founded in 2023, Folio Services, Inc. operates out of Durham, US, providing tailored solutions for hotels and restaurants.Folio's primary offering is a comprehensive procure-to-pay platform tailored specifically for the hospitality industry. This platform enables users to order supplies, manage bills, and pay suppliers seamlessly from a single interface. Folio aims to optimize operational efficiency by automating invoice matching and approval processes, allowing hospitality teams to save up to 40 hours a week. The users of Folio include hotels and restaurant chains, with more than 300 hotel clients already benefiting from its services.Folio generates revenue through a subscription-based model that caters to its B2B clientele in the hospitality sector. Clients pay for access to the platform, which includes features such as product sourcing from approved vendors and automated invoice management. Transactions typically involve the purchase of goods from suppliers through the Folio system, where clients benefit from streamlined operations and potential rebates on eligible expenditures. Clients can also take advantage of various pricing plans based on their specific needs, enhancing their purchasing and payment processes.In July 2025, Folio Services, Inc. Folio aims to enter additional markets and geographic regions, though specific locations have not been disclosed.
Who invested in Folio Services
4 investors across 1 round
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Funding rounds
Series A
Jul 17, 2025
Amount
$14M
Investors
Questions about Folio Services
Who invested in Folio Services?
Folio Services has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Folio Services raised?
Folio Services has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Folio Services last raise money?
Folio Services's most recent round on record is a Series A, in Jul 2025.
What does Folio Services do?
Folio Services is a software company.
Where is Folio Services headquartered?
Folio Services is headquartered in Durham, US.
Which VCs invest in companies like Folio Services?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Folio Services's stage. Their profiles are linked below.
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