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Cofactr

Automated electronics purchasing platform

Cofactr logo
1-20 employees
  • B2B
  • Logistics
  • Manufacturing
  • Supply Chain
  • SaaS
  • Procurement
Williamsburg, NY

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 headshot

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

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.

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.

Job (1)

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Software Engineering