Total amount raised
$83.6 Millions
Latest funding date
09/01/2022
Location
Kojo has successfully raised significant funding over multiple rounds, positioning itself as a key player in the construction material management software industry. The platform offers comprehensive solutions for planning, purchasing, tracking, receiving, and paying for materials, integrating seamlessly with various ERP and project management systems.
Keep reading to explore the intricacies of Kojo's fundraising journey and the investors backing this innovative platform.
What Is Kojo?
Kojo Technologies, Inc. provides construction material management software that helps contractors plan, purchase, track, receive, and pay for materials efficiently. The platform integrates with various ERP and project management systems to ensure consistent and up-to-date material cost data.
Unfortunately, the founding year, specific location, and founders' names are not available from the provided sources. Additionally, the number of employees is not mentioned.
Kojo aims to make it faster, easier, and more sustainable to build the world around us, offering comprehensive solutions for the construction industry.
How Much Funding Has Kojo Raised?
- Seed Round
- Amount Raised: $4.2M
- Date: October 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and validate the market need.
- Series A
- Amount Raised: $7.2M
- Date: October 2020
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series B
- Amount Raised: $33.3M
- Date: August 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate market penetration.
- Series C
- Amount Raised: $39M
- Date: September 2022
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand operations, including launching new products to streamline payments and project spend management.
Total Amount Raised: $83.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Battery Ventures
- Details: Battery Ventures is a global investment firm that focuses on technology-driven companies. Michael Brown, a general partner at Battery Ventures, has joined Kojo's board of directors.
- Investment Focus Areas: Technology, software, infrastructure.
- Notable Investments: Nutanix, Coupa, Glassdoor.
- 8VC
- Details: 8VC is a venture capital firm that invests in technology companies. They have been involved with Kojo since the Series A round.
- Investment Focus Areas: Technology, software, infrastructure.
- Notable Investments: Palantir, Wish, Asana.
- Schneider Electric
- Details: Schneider Electric is a multinational corporation specializing in energy management and automation solutions. They participated as a new investor in Kojo's Series C round.
- Investment Focus Areas: Energy management, automation, sustainability.
- Notable Investments: Not specified in the sources.
- RXR
- Details: RXR is a real estate operating and investment company. They joined as a new investor in Kojo's Series C round.
- Investment Focus Areas: Real estate, technology, infrastructure.
- Notable Investments: Not specified in the sources.
- Bienville Capital
- Details: Bienville Capital is an investment management firm. They participated as a new investor in Kojo's Series C round.
- Investment Focus Areas: Diverse investment opportunities.
- Notable Investments: Not specified in the sources.
What's Next for Kojo?
Kojo stands at the cusp of significant growth, driven by the increasing digitization of the construction industry. With $39 million in Series C funding, the company plans to launch new products that streamline payments and project spend management, enhancing its platform's capabilities. This expansion presents a substantial opportunity, given the $800 billion commercial construction market.
Future fundraising seems promising, as Kojo's recent success and high-profile investor backing suggest potential for additional rounds. However, challenges such as supply chain disruptions and ensuring seamless integration of new features could pose hurdles. Navigating these will be crucial for maintaining growth momentum and capitalizing on industry trends.
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