Cofactr, a New York-based supply chain and logistics management platform, has raised $17.2 million in Series A funding, bringing its total funding to $28.8 million.
Investors
The round was led by Bain Capital, with participation from Y Combinator, Floating Point Ventures, Broom, and DNX.
Founded in 1984, Bain Capital is a venture capital firm based in San Francisco, California. The firm invests in B2B software startups from seed to growth stages across its four domains: Fintech, Commerce, Apps, and Infra. Over the past 20 years, BCV has helped launch and commercialize more than 400 companies.
Cofactr Use of Funds
The company will use the funding to expand its market reach, enhance its supply chain risk management tools, and launch new product categories annually.
About Cofactr
Founded by Matthew Haber and Phillip Gulley, Cofactr provides a supply chain and logistics management platform designed for critical hardware manufacturers. It helps companies streamline production, processes, and compliance requirements. Cofactr offers tools for managing parts sourcing, supplier procurement, logistics, and tracking, all within a unified platform. It also provides solutions to navigate complex regulatory requirements, such as ITAR compliance and government contracts.
Funding Details
Company: Cofactr, Inc.
Raised: $17.2M
Round: Series A
Funding Date: December 2024
Lead Investor: Bain Capital Ventures
Additional Investors: Y Combinator, Floating Point Ventures, Broom, DNX
Company Website: https://www.cofactr.com/
Software Category: Supply Chain and Logistics Management
Source: https://www.businesswire.com/news/home/20241212219735/en/