Cofactr, a NYC-based provider of a supply chain and logistics management platform, raised $17M in Series A funding.
The round was led by Bain Capital with participation from existing seed investors Y Combinator, Floating Point Ventures, Broom and DNX.
The company intends to use the funds to scale go-to-market efforts and grow its suite of supply chain risk management and process tools.
Co-founded by Matthew Haber and Phillip Gulley, Cofactr provides a supply chain and logistics management platform that streamlines production, processes and policies for critical hardware manufacturers. The solution is already in use by 50+ companies, representing a mix of hardware manufacturers and R&D groups at major digital enterprises with ambitious plans to diversify into hardware products. These customers span both high-compliance sectors, such as aerospace, defense, robotics and medical technology, and consumer-facing industries, such as autonomous vehicles and wearables.
FinSMEs
12/11/2024