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. 

Raised: $3.15M

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.

Source: https://commercialobserver.com/2022/05/proptech-startup-fohlio-huibin-yu/