Fohlio Raises $3.15 Million Seed Round
Fohlio is a New York-based proptech startup that seeks to provide multiple-location real estate owners with a uniform, centralized and digitized architecture and construction procurement process, closed a $3.2 million seed round.
The round was led by Brick & Mortar Ventures. and also included investor participation from Ocean Azul, Dreamit Ventures, and GZ Real Estate.
The capital intends to use to develop better and stronger software features
Company: FOLIO Co. Ltd.
Round: Seed Round
Funding Month: May 2022
Lead Investors: Brick & Mortar Ventures
Additional Investors: Ocean Azul, Dreamit Ventures, and GZ Real Estate
Company Website: https://www.fohlio.com/
SoftwareCategory: Product Specification and Data Management
About the Company: Founded in 2015 with its product launch in 2017. Fohlio is a platform that provides solutions for Architects, Designers, Engineers, and Contractors to research, select, and incorporate building products into their projects effortlessly. Fohlio boasts a 100 percent increase in organization size and a 200 percent increase in new sales revenue year over year from 2021 to 2022.