# REKKI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rekki

- Industry: Software
- Headquarters: London, UK
- Website: www.rekki.com
- Total disclosed funding: $35M
- Latest round: Series B (Mar 11, 2019)
- Investors on record: 8

## About

REKKI Limited, based in the UK, operates as a mobile application provider, specializing in AI-driven solutions that streamline wholesale operations in the food and beverage sector. The company enhances efficiency for wholesalers through automated systems.Founded in 2016 and headquartered in London, UK, REKKI Limited focuses on developing an innovative platform for wholesale operations in the food and beverage industry. The company has engaged in five financing deals, with the latest being a Series B round that occurred on August 30, 2019, raising GBP 20 million, bringing the total amount raised to GBP 20 million and resulting in a valuation of GBP 203.71 million. The founders, Noam Givon and Orat Benyamini, have established a firm foundation for the company under the leadership of CEO Ronen Givon.REKKI offers a suite of AI-driven solutions designed to optimize wholesale operations within the food and beverage industry. Their core products include automated ordering systems and intelligent customer service robots, tailored to streamline workflows for wholesalers, enabling efficient order management and significantly reducing manual input. The platform enhances accuracy through fail-safe mechanisms, allowing users—primarily wholesalers, distributors, and food service providers—to mitigate errors and improve overall service delivery. The solutions have been developed with input from industry experts, ensuring they effectively address challenges faced by their clients. REKKI primarily markets its products in the UK and European markets, targeting wholesalers aiming to modernize operations and improve profitability.In the most recent fiscal year, 2024, REKKI generated revenue of GBP 2,480,631.60, while reporting an EBITDA of GBP -5,786,149.10. The company utilizes a subscription-based revenue model, allowing clients to access its suite of AI solutions through contracts that offer various service levels. The pricing structure scales according to usage and services, accommodating the needs of wholesalers and food service providers who benefit from advanced order management and customer service AI.REKKI's strategy for future growth includes developing new products designed to enhance their existing platform, with specific release dates anticipated in the near future. The company is also planning to expand into new geographic markets, particularly targeting additional European regions by the end of 2024. The funds raised from the Series B round in August 2019, totaling GBP 20 million, will be allocated to support these initiatives, facilitating product development and market entry efforts.

## Funding rounds

- Series B, Mar 11, 2019, $21M — Benchmark, Atomico, Latitude
- Series A, Sep 14, 2017, $14M — Creandum, Atomico, Cherry Ventures, LocalGlobe
- Seed, Jan 27, 2016, $0.7M — Point Nine, LocalGlobe, NAP

## Investors

- Point Nine (https://capitalatlas.ai/funds/point-nine) — Seed
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- NAP (https://capitalatlas.ai/funds/nap) — Seed
- Creandum (https://capitalatlas.ai/funds/creandum) — Series A
- Atomico (https://capitalatlas.ai/funds/atomico) — Series A, Series B
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Series A
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series B
- Latitude (https://capitalatlas.ai/funds/latitude) — Series B