Thrive Capital and Construct Capital led a $14m Series A round in Folio.

Thrive Capital, an investment firm, and Construct Capital, a venture capital firm, led a $14m Series A round in Folio, a hospitality financial operations platform, with participation from Redseed and SciFi. “At Folio, we’re financial technologists who love hotels. 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,” Kate Adamson, Folio CEO and Co-Founder.