# Folio Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/folio-services

- Industry: Software
- Headquarters: Durham, US
- Website: www.folio.co/
- Total disclosed funding: $14M
- Latest round: Series A (Jul 17, 2025)
- Investors on record: 4

## About

Folio Services, Inc. is a US-based company specializing in procure-to-pay solutions for the hospitality sector, streamlining supply management and payment processes for its clients.Founded in 2023, Folio Services, Inc. operates out of Durham, US, providing tailored solutions for hotels and restaurants. The company has successfully completed one financing round, raising USD 14.00 mn in Series A funding on July 17, 2025, with investors including Construct Capital and Thrive Capital. Currently, there is no information regarding mergers or subsidiaries.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. The platform is designed to facilitate the procurement process from initial order placement through invoice approval and payment, supporting various geographical markets including North America and Europe.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. The company emphasizes its flagship products and services through partnerships with notable brands such as Marriott Autograph Collection and HHM Hotels, further solidifying its position within the industry.In July 2025, Folio Services, Inc. secured USD 14.00 mn in Series A funding, led by Construct Capital and Thrive Capital. The company plans to utilize this funding to enhance its financial operations platform, expedite implementation speed for hotel clients, and expand its managed marketplace, invoice processing, and payment infrastructure. Folio aims to enter additional markets and geographic regions, though specific locations have not been disclosed.

## Funding rounds

- Series A, Jul 17, 2025, $14M — Thrive Capital, SciFi VC, Construct Capital, Redseed

## Investors

- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series A
- SciFi VC (https://capitalatlas.ai/funds/scifi-vc) — Series A
- Construct Capital (https://capitalatlas.ai/funds/construct-capital) — Series A
- Redseed — Series A