Licify, a Bogota, Colombia-based procurement and financial software startup for the construction industry, raised $3.4 million in seed funding.
The round was led by Brick & Mortar Ventures and Accion Venture Lab, with participation from Dash Fund, G2 Momentum Capital, and Columbia University's VC fund and share Licify’s vision of bridging the gap between supply and demand in construction.
With the new funding, Licify aims to enhance its product offerings, develop strategic partnerships, and promote the adoption of its digital payment services.
Licify’s mission is to transform the construction supply chain by leveraging cutting-edge technology to provide accessible and inclusive digital solutions that connect builders and suppliers and empower individuals and businesses.
The company offers innovative products and services that streamline procurement planning, bidding, billing, and payment conciliation, enhancing efficiency and driving economic growth.
Fernando Olloqui, CEO of Licify, said: “At Licify, our mission is to empower and connect the construction industry in Latin America by providing them with world-class technology and inclusive financial services. This investment will enable us to scale our operations, enhance our technological capabilities, and expand our reach with our new operation in Mexico. We are thrilled to have Brick & Mortar Ventures, Accion Venture Lab, and our other esteemed investors join us on this journey as we revolutionize the construction industry in our region.”
Company: LICIFY SAS
Raised: $3.4M
Round: Seed Round
Funding Month: July 2023
Lead Investors: Brick & Mortar Ventures and Accion Venture Lab
Additional Investors: Dash Fund, G2 Momentum Capital, and Columbia University's VC fund
Company Website: https://licify.co/
Software Category: Procurement and Financial Software
About the Company: Licify provides digital supply-chain management software and financial solutions tailored for the construction industry. Licify offers user-friendly solutions through its innovative platform that empowers construction companies and their supply chain, bridging the gap in new business opportunities and financial services. With a mission to drive inclusive growth, Licify leverages cutting-edge technology to provide seamless and secure transactions. Licify was awarded the Proptech Latam award for the best Contech company in Latin America.
Source: https://www.accion.org/licify-announces-3-4m-seed-round-led-by-brick-mortar-ventures-and-accion-venture-lab-to-revolutionize-construction-procurement-and-financial-services