Folio Raises $14M to Power AI Spend Tech in Hospitality

July 19, 2025 • FinTech News
Folio Raises $14M to Power AI Spend Tech in Hospitality

Series A Funding Led by Top Investors

Hospitality fintech platform Folio has raised $14 million in Series A funding to expand its AI-powered financial management solutions. The round was led by Thrive Capital and Construct Capital, with participation from Redseed VC and SciFi VC.

Simplifying Hotel Financial Workflows

Folio’s all-in-one platform consolidates procurement, invoicing, and payments into a seamless system. Key features include:

  • Folio Buy: A managed marketplace for hotel supplies

  • Folio Bills: AI-powered invoice processing to reduce manual work

  • Folio Pay: Streamlined payment automation

By unifying financial operations, Folio helps hotels cut costs, improve efficiency, and boost profitability—critical advantages in an industry with razor-thin margins.

Expanding Product Capabilities

The new funding will accelerate:
✅ Faster deployments for hotel groups
✅ Enhanced AI features for smarter spend management
✅ Deeper integrations with property management systems

Folio’s goal is to make financial workflows intuitive, automated, and data-driven—saving time and money for operators.

From Industry Recognition to Rapid Adoption

After winning the E20X Judge’s Choice Award at HITEC 2024, Folio quickly gained traction with major clients, including:

  • HHM Hotels (39,000+ rooms, $2B+ revenue)

  • Other top-tier hospitality groups

Shawn Tuli, CIO at HHM Hotels, praised the platform:
“Folio doesn’t just automate tasks—it aligns our teams and delivers real ROI.”

Investor Confidence in Hospitality Innovation

Dayna Grayson, Construct Capital:
“Folio’s team is turning siloed data into actionable insights for hotels.”

Daniel Benjamin, Redseed VC:
“The industry needs tech that actually works—Folio delivers.”

Why Folio Stands Out

With rising operational costs, hotels need AI-driven financial tools that:
✔ Reduce manual errors
✔ Improve cash flow visibility
✔ Optimize vendor spending

Folio’s $14M funding round positions it as a leader in next-gen hospitality fintech, setting a new standard for intelligent spend management.