Folio Raises $14M to Streamline Hotel Financial Operations with AI

Folio, a U.S.-based financial operations platform for hotels, has secured $14 million in Series A funding to accelerate the rollout of its AI-powered financial technology across the hospitality sector.

Founded in 2023, Folio attracted investment from Thrive Capital and Construct Capital, with additional backing from Redseed VC and SciFi VC. The funding will support rapid implementation of the startup’s suite of products, which includes Folio Buy for procurement, Folio Bill for automated invoice processing, and Folio Pay for streamlined hotel payments.

“At Folio, we’re financial technologists who love hotels,” said CEO and co-founder Kate Adamson. “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.”

Since its debut at HITEC 2024, Folio has already signed key contracts with major hotel management companies, including HHM Hotels. The platform has gained traction by simplifying procure-to-pay workflows and delivering measurable ROI.

“Any new technology must deliver clear ROI—and Folio does just that,” said Shawn Tuli, chief investment officer of HHM Hotels. “Beyond streamlining workflows and boosting productivity by bringing AI to procure-to-pay processes, Folio accelerates time-to-value through their seamless implementations.”

Folio’s focus on unifying hotel financial systems with automation positions it as a growing player in the hospitality tech space, addressing the industry’s increasing demand for efficient, scalable financial solutions.

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Folio Raises $14M to Streamline Hotel Financial Operations with AI

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