OrderEZ Founder Jeff Meese
Singapore-based F&B operations management platform OrderEZ has acquired FoodRazor, an invoice automation and analytics platform.
The acquisition expands OrderEZ’s integrated suite of inventory, procurement, and CRM software.
Based in Singapore, FoodRazor is backed by Cocoon Capital.
Launched in 2021, OrderEZ delivers an interconnected software solution providing inventory management, procurement, order, and CRM software for brewers and bakers, restaurants and cafes, and anyone making or wholesaling food or beverage.
The startup claims it has grown nearly 300 per cent since its launch. It now plans a US expansion in 2023 and a fundraising round.
Also Read: FoodRazor snags US$900K seed funding led by Cocoon Capital
“OrderEZ had been on our radar for some time, and when the teams brought this acquisition to us, we saw the potential and synergy between the two businesses,” said Michael Blakley, Managing Partner at Cocoon Capital, which backed FoodRazor in 2018. “OrderEZ is on a brilliant growth trajectory, and we feel that adding FoodRazor will only accelerate the company to new heights.”
“Our mission is to help the world eat and drink better by freeing the food and beverage industry from countless hours spent on admin,” said Jeffrey Meese, Co-Founder and CEO of OrderEZ.
Globally the F&B industry was one of the hardest hit throughout the COVID-19 pandemic. Many of the millions of workers forced out of the industry simply aren’t returning, fueling a staffing shortage.
Solutions like OrderEZ and FoodRazor help bring automation and efficiency to an industry that previously relied extensively on manual processes. The need for operational tools that facilitate delegation and transparency, increase ease of operations, and deliver deep insights into the health of a business has never been greater, and OrderEZ is uniquely positioned to meet this challenge.
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