Kojo Technologies, Inc.

Formed in 2018 and based in Covina, California, Kojo Technologies, Inc. specializes in construction material management software that enhances procurement processes for trade contractors in the mechanical, electrical, and plumbing sectors, thereby improving operational efficiency. Kojo Technologies, Inc. focuses on construction material management.

The company was co-founded by Maria Davidson, Maria Rioumine, and Ryan Gibson. Kojo has successfully navigated four funding rounds, with the most recent being a Series C round on July 20, 2022, where it raised USD 40. 00 mn led by Battery Ventures, alongside several other investors. The total amount raised by the company is USD 40.

00 mn, with a current valuation of USD 246. 949 mn. Kojo provides comprehensive construction material management software designed to optimize the procurement process for trade contractors, particularly in the mechanical, electrical, and plumbing (MEP) sectors. The platform integrates seamlessly with existing ERP and project management systems to deliver real-time visibility into material costs, streamline ordering, and enhance operational efficiency.

Key functionalities include mobile ordering for field teams, automated invoice processing, digital tool tracking, and a fully digitized workflow for prefabrication operations, aimed at minimizing waste and saving time across the construction project lifecycle. The primary end users are contractors and project managers across various geographical markets, particularly in North America. Kojo's revenue model is primarily based on software subscriptions for its construction material management platform, servicing businesses in the construction industry. Clients engage in B2B transactions by subscribing to Kojo’s services for a defined period, enabling timely procurement, invoicing, and cost tracking.

The pricing structure features tiered subscription options based on company size and specific features utilized, although detailed pricing information is proprietary. Revenue is generated through direct engagement with contractors who utilize the platform for efficient material purchasing and tracking processes. In July 2022, Kojo Technologies, Inc. raised USD 40.

00 mn in Series C funding led by Battery Ventures, with participation from investors including Schneider Electric and RXR Realty. The company plans to utilize this funding to develop best-in-class products and introduce new features designed to further streamline payments and project spend management. Kojo aims to expand into additional geographic markets, enhancing its presence in North America while exploring potential growth in other regions.