McKinney further explained, "This investment from Noro-Moseley Partners means that we can expand our capabilities and global footprint and bring even more effective solutions to both new and existing customers in the craft food and beverage space, as well as execute on our ultimate vision of creating a new ecosystem for the craft industry. "However, our first love is the craft beer market, and we remain steadfastly committed to those customers and continuing to help them be efficient and profitable."
#EKOS BREWMASTER SERIES#
"We're truly excited about our Series A, because it means that Ekos will continue to evolve and become a company that will help all artisanal makers," said Josh McKinney, Ekos CEO.
Ultimately, the Ekos solution will function as a "central hub" for craft food and beverage businesses. The Ekos team also plans to hire at least 40 new team members by the end of 2020 to make these plans a reality. Proceeds from this investment will be used to enhance product features and build integrations with best-in-class solutions for the craft food and beverage industry.
Ekos currently serves more than 15% of the craft breweries in the U.S., including popular brands like Austin Beerworks, Breakside Brewery, Hardywood Park Craft Brewery, and Wormtown Brewery. Alan Taetle, General Partner, and John Ale, Principal, from Noro-Moseley Partners will join the Ekos board of directors.Įkos partners with more than 1,700 craft producers in 40 countries around the world – including beer, cider, wine, coffee, and food companies – to manage their day-to-day operations in inventory, production, sales, and accounting. This funding round is being led by Noro-Moseley Partners, an Atlanta-based venture capital firm that invests in early growth information technology and healthcare businesses with rapidly scaling revenue, a capital-efficient model and a clear pathway to profitability. This Series A is the first outside investment into Ekos, which has been self-financed to date, and represents one of the Charlotte area's largest Series A investments in recent history.
#EKOS BREWMASTER SOFTWARE#
Ekos, the leader in business management software for independent craft beverage companies, today announced that it has secured an $8 million Series A investment round.
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