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Cofactr
Automated electronics purchasing platform
- 1-20 employees
- B2B
- Logistics
- Manufacturing
- Supply Chain
- SaaS
- Procurement
- Williamsburg, NY
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Company mission
To make hardware as agile and scalable as software by leveraging better data and AI to build best-in-class tools for electronics supply chain management.
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Our take
As supply chain issues are becoming one of the greatest stumbling blocks across all industrial sectors, Cofactr’s platform allows companies to quickly search, price, and procure electrical parts from its network of distributors in an attempt to mitigate supply shortages.
While Cofactr hasn’t yet caused much of a stir in industry media, it’s telling that the company has been quietly attracting plenty of VC interest. As well as being selected as a Y Combinator W22 startup, Bain Capital Ventures has shown its faith by investing heavily at the early stages.
As well as potentially having an answer to obvious supply chain issues, Cofactr’s attractiveness may well have something to do with co-founders Matthew Haber and Phillip Gulley, who enjoyed great success with and ultimately sold R&D firm BeSide Digital in 2019.
With plenty of funding secured, the next big steps for Cofactr will be to continually refine its tech performance as the company looks to win more customers and scale up.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 401(k) with 4% company matching
- Commuter benefits with a company contribution
- Remote working opportunities (role-dependent)
- Unlimited time off policy
- Equity
- SA and FSA offerings
Funding (last 2 of 4 rounds)
Feb 2024
$2.1m
SEED
Oct 2023
$2.9m
EARLY VC
Total funding: $11.2m
This company has top investors
Leadership
Matthew Haber
(CEO)Previously co-founded and was Managing Director of Technology at R&D firm BeSide Digital, which was acquired by MAS in 2019, for which they became Vice President of Technology.
Phillip Gulley
(CRO)Former Director of Media at 3-Legged Dog Media & Theatre Group in New York. Co-founded BeSide Digital along with Matthew Haber, and helped lead the company to acquisition. After this, they became VP Creative Experience Design at MAS.