Cofactr Analysis: $17M Raised
What is Cofactr?
Cofactr is a supply chain execution platform that connects engineering, procurement, and logistics teams. Their approach integrates various functions into a single platform, enhancing speed and accuracy in hardware procurement. This enables manufacturers to receive exactly what they need when they need it, streamlining the entire supply chain process.
Location
630 Flushing Ave, Brooklyn, New York 11206, United States
Employees
11-50
Founded
2021
Industry
Cofactr Operates In The Supply Chain Management Industry, Specifically Focusing On Hardware Procurement And Logistics. This Industry Involves The Coordination And Management Of The Flow Of Goods, Services, And Information From Suppliers To Manufacturers And Ultimately To Customers. Cofactr Provides A Supply Chain Execution Platform That Integrates Engineering, Procurement, And Logistics Functions, Enabling Hardware Manufacturers To Streamline Their Procurement Processes, Enhance Supply Chain Visibility, And Automate Routine Tasks. Their Solutions Are Particularly Beneficial For Companies In Regulated Sectors, Helping To Improve Efficiency And Compliance In The Procurement Of Hardware Products.
Revenue
$901.6k - $1M
Business Model
Pure Industrial Software
Funding Status
Series A
HQ Location
Brooklyn, New York, United States
YC Batch
W22
Product Features & Capabilities
- Data intelligence, procurement platform, logistics infrastructure, parts data intelligence, unified source-to-pay solution, AI-assisted PO management, kitting and shipping solutions, aerospace-grade traceability
Use Cases
Streamline procurement processes for hardware manufacturers; Enhance supply chain visibility and control; Automate routine orders and supplier insights; Manage complex logistics in regulated sectors; Improve time to market for hardware products.
Pricing
- Cofactr Core: Annual plan with 10 included seats, 1-click procurement & kitting, leading lifecycle, supply chain, & compliance data for unlimited unique parts, direct connect API access, agile inventory management, automate procurement, leverage parts stock, send POs and manage orders, track m
How much Cofactr raised
Series A - $17.2 million
December 12, 2024Lead Investor: Bain Capital, Y Combinator, Floating Point Ventures, Broom, DNX
Market Focus
Cofactr primarily focuses on the supply chain execution industry, specifically for complex hardware manufacturers. The company streamlines procurement, logistics, and data management to enhance efficiency and speed in hardware supply chains.
Competitors Overview
Cofactr operates in the supply chain execution market, specifically targeting complex hardware manufacturers. Its main competitors include:
- Coupa: A leading spend management platform that enhances financial agility and business spending transformation. It is recognized for its comprehensive
Investors
- Cofactr raised $17.2 million in a Series A funding round.
- The investors involved in this funding round include:
- Not specified in the available articles, but the funding is aimed at enhancing their supply chain and logistics platform.
Full Description
Cofactr is a supply chain execution platform that connects engineering, procurement, and logistics teams. Their approach integrates various functions into a single platform, enhancing speed and accuracy in hardware procurement. This enables manufacturers to receive exactly what they need when they need it, streamlining the entire supply chain process.
Other Considerations
Trusted by leaders in hardware manufacturing; Focused on enhancing speed and accuracy in procurement; Offers a comprehensive solution for electronics procurement and logistics.
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