Folio, a financial operations platform built for hospitality, has raised $14 million in a Series A funding round.
Investors
The round was led by Thrive Capital and Construct Capital, with participation from Redseed VC and SciFi VC.
Thrive Capital is a venture capital firm that invests in early- and growth-stage technology companies. It focuses on internet, software, and technology-enabled businesses across sectors such as healthcare, financial services, and consumer products.
Construct Capital is an early-stage venture capital firm backing entrepreneurs who are transforming foundational industries through technology, including logistics and transportation, manufacturing, mobility, and critical infrastructure. The firm manages $750 million in assets under management (AUM) across three core funds.
Folio Use of Funds
The company will use the funding to enhance its platform capabilities and accelerate deployment across the hospitality industry.
About Folio
Folio is a remote-first company that provides a financial operations platform purpose-built for the hospitality industry, delivering a modern procure-to-pay experience. Its suite includes Folio Buy (a managed purchasing marketplace), Folio Bills (AI-powered invoice processing), and Folio Pay (streamlined payments), all designed to increase profitability and financial visibility for hotels. Founded by 2023, their mission is to help hospitality thrive financially.
Funding Details
Company: Folio Services, Inc
Raised: $14.0M
Round: Series A
Funding Date: July 2025
Lead Investor: Thrive Capital, Construct Capital
Additional Investors: Redseed VC, SciFi VC
Company Website: https://folio.co/
Software Category: Financial Operations / Hospitality Tech
Source: https://www.businesswire.com/news/home/20250717100483/en