Folio, a financial operations platform for the hospitality industry, has raised $14 million in a Series A funding round led by Thrive Capital and Construct Capital, with participation from Redseed VC and SciFi VC.
This funding will enhance Folio’s platform, which includes its managed marketplace (Folio Buy), AI-powered invoice processing (Folio Bills), and simplified payments (Folio Pay), helping hotels improve profitability and streamline implementations.
Since its debut at HITEC 2024, where it won the E20X Judge’s Choice Award, Folio has rapidly expanded, securing contracts with major hotel management companies. One such company, HHM Hotels, manages over 39,000 rooms and generates $2 billion in revenue across the U.S. and Canada, and is recognized for its adoption of innovative technology to enhance operational efficiency.
KEY QUOTES:
“At Folio, we’re financial technologists who love hotels. Our mission is to help hospitality thrive financially. By bringing properties, suppliers, and financial systems together in one place, hotel managers can more easily optimize spend.”
Kate Adamson, CEO and Co-Founder
“Any new technology must deliver clear ROI — and Folio does just that. Beyond streamlining workflows and boosting productivity by bringing AI to Procure-to-Pay processes, Folio accelerates time-to-value through their seamless implementations. We’ve quickly seen more efficiencies and alignment for our operating teams.”
HHM Hotels Chief Investment Officer Shawn Tuli
“Kate and Al have built a team that knows how to turn messy, siloed data into intuitive workflows that solve real problems for hotels.”
Dayna Grayson, Co-Founder and General Partner at Construct Capital
“With rising costs and mounting pressure on margins, the hospitality industry needs smarter tools. Folio delivers just that — long-overdue innovation that’s efficient, transparent, and built for operators.”
Daniel Benjamin, Principal at Redseed VC
