Total amount raised
$28.4 Million
Latest funding date
2024-12-12
Location
Cofactr has successfully raised funding to support its full-service procurement automation platform for electronics. The platform offers AI-driven supplier discovery, smart warehousing, and real-time visibility into the procurement process.
Keep reading to explore the intricacies of Cofactr's fundraising journey and the investors backing this innovative platform.
What Is Cofactr?
Cofactr is a company that automates the procurement process for electronics. They use AI to find suppliers, secure the best pricing, and manage orders. Their services include warehousing, custom kitting, and ensuring timely delivery with complete traceability.
Operating within the electronics procurement and supply chain management industry, Cofactr aims to eliminate procurement headaches, allowing hardware teams to focus on innovation and product development without worrying about supply chain issues. They offer their services with no upfront costs, making it risk-free for their clients.
How Much Funding Has Cofactr Raised?
- Seed Round
- Amount Raised: USD 6,152,500
- Date: April 2022
- Lead Investors: Bain Capital Ventures
- Undisclosed Round
- Amount Raised: USD 2,916,667
- Date: September 2023
- Lead Investors: Bain Capital Ventures
- Seed Round
- Amount Raised: USD 2,083,333
- Date: February 2024
- Series A Round
- Amount Raised: USD 17,200,000
- Date: December 2024
- Lead Investors: Bain Capital Ventures
In total, Cofactr has raised USD 28,352,500.
Key Investors
- Bain Capital Ventures
- Details: Bain Capital Ventures is a leading venture capital firm that invests in early to growth-stage companies. They have a strong track record of supporting innovative startups and helping them scale.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: LinkedIn, DocuSign, AvidXchange
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