Kojo, a San Francisco, CA-based provider of a materials management platform for the construction industry, raised $39M in Series C funding.
The round was led by Battery Ventures with participation from Schneider Electric, RXR, Bienville Capital, 8VC, Suffolk Construction, Human Capital, AME, and BoxGroup. Michael Brown, general partner at Battery Ventures, joined its board of directors.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Maria Rioumine, Kojo enables trade and self-perform general contractors to take control of their margins by consolidating the procurement process onto one, all-inclusive digital platform. By connecting the field, office, warehouse, accounting teams, and vendors, contractors gain visibility into real-time materials spending and usage, streamline workflows, and increase labor productivity. The software brings field, office, warehouse, and vendor teams onto a single platform, making it easy for contractors to manage their materials needs from project takeoff to closeout.
Kojo’s Series C builds upon its recent Autodesk integration and new inventory management solution. The company is launching new products to further streamline payments and project spend management. Contractors will be able to reconcile their invoices and pay for materials directly on the platform, allowing them to accurately track project spend.