Kojo

Kojo

Procurement platform for construction industry

About Kojo

Simplify's Rating
Why Kojo is rated
B
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Industrial & Manufacturing

Enterprise Software

Company Size

51-200

Company Stage

Series C

Total Funding

$83.3M

Headquarters

San Francisco, California

Founded

2018

Overview

Kojo is a procurement platform tailored for the construction industry, aimed at helping trade and self-perform contractors manage their material needs effectively. The platform provides tools for real-time inventory tracking, price comparison, and order management, allowing contractors to have better control over their procurement processes. By integrating with other construction management tools like Procore, Kojo enhances its usability and efficiency for users. Unlike many competitors, Kojo operates on a subscription-based model, which ensures a consistent revenue stream while delivering significant cost savings and productivity improvements for its clients. The company's goal is to streamline the construction procurement process, enabling contractors to save money, reduce waste, and enhance labor productivity.

Simplify Jobs

Simplify's Take

What believers are saying

  • Kojo's Prefab addresses rising demand for prefabrication in construction.
  • The launch of Kojo AP improves cash flow and reduces administrative overhead.
  • New integrations with electrical suppliers streamline procurement for contractors.

What critics are saying

  • Emerging competition from platforms like Comstruct could challenge Kojo's market share.
  • Rapid expansion of product offerings may lead to integration challenges.
  • Reliance on supplier partnerships poses risks if partnerships are disrupted.

What makes Kojo unique

  • Kojo offers a comprehensive digital platform for construction procurement management.
  • The platform integrates with tools like Procore for enhanced materials management.
  • Kojo Prefab connects prefab shops with business operations, boosting productivity.

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Funding

Total Funding

$83.3M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Remote Work Options

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

2%

2 year growth

-1%
TechCrunch
Feb 6th, 2025
Comstruct, A Platform To Digitize The Construction Industry, Raises $13.5 Million

When you think about platforms in the construction industry, chances are the concrete slabs designed to support steel beams and tall pillars will come first to your mind. Munich-based startup Comstruct wants to design a different kind of platform for the construction industry — a software platform.At its core, Comstruct is a procurement platform for construction materials. For large-scale projects, processing materials orders can take a lot of time, as materials providers still print out delivery notes and invoices. Orders are often placed over the phone, and it can be difficult to reconcile invoices and create comprehensive data reports.“Today, the procurement process of materials in construction is very analog. You could place a phone call to order 10 cubic meters next Thursday. Then you get a physical delivery note on the site that is then typed out into an Excel sheet,” Comstruct co-founder and CEO, Henric Meinhardt, told TechCrunch

PR Newswire
Aug 13th, 2024
Kojo Expands Warehouse Product With Prefabrication Offering

Prefab further solidifies Kojo as an end-to-end platform for construction materials managementSAN FRANCISCO, Aug. 8, 2024 /PRNewswire/ -- Kojo , the construction industry's leading materials and inventory management platform, announced today the launch of Kojo Prefab (prefabrication).Kojo Prefab helps contractors by connecting their valuable prefab shop to the rest of their business so that they can get the most out of their prefab investment.Today, over 60% of trade contractors already incorporate some form of prefabrication into their building processes. Kojo Prefab addresses the rising demand and underscores contractors' needs for improved productivity, quality control, safety performance, and cost predictability associated with prefabrication. Field teams can now easily order prefab assemblies from the prefab shop and track the status on Kojo's mobile app."As our prefab shop grew, we turned sharpie drawings into digital PDFs, but no one was using them, and they were impossible to maintain," said Danny Blankenship, a Prefab Manager at United Electric. "Kojo's Prefab not only digitizes, but the goal is for our teams to use Kojo to communicate what prefab materials are available, create POs and track deliveries - just like ordering a pizza.""Prefab is at the top of contractors' minds as they struggle with siloed teams and analog processes," said Maria Davidson, CEO and founder of Kojo. "They're increasing investments in prefabrication shops because they see the efficiency, quality control and long-term savings that come with building offsite instead of on job sites

For Construction Pros
Jun 6th, 2024
Kojo Unveils Kojo AP Payment Solution

Kojo has announced the launch of Kojo AP (accounts payable) for construction businesses.

Construction Links
May 3rd, 2024
Save Time and Money with Kojo AP's Finance Solutions for Contractors

Kojo, the construction industry's leading materials and inventory management platform, recently announced the launch of Kojo AP.

World Construction Network
May 2nd, 2024
Kojo launches new solution for construction accounting teams

Construction material management software Kojo has introduced a new solution, Kojo accounts payable (AP), for commercial construction accounting teams.

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