Bain Capital Ventures reposted this
We are thrilled to be doubling down on our seed investment in Cofactr by leading the $17.2M Series A. Cofactr has built the first modern end-to-end procurement and supply chain solution for electronic components. Leading companies, both large and small, in industries such as aerospace, defense, and automotive have implemented Cofactr to accelerate product development cycles while reducing cost. We love working with cofounders Matthew Haber and Phillip Gulley and excited for the significant growth ahead! Bain Capital Ventures
𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁: 𝗖𝗼𝗳𝗮𝗰𝘁𝗿 𝗥𝗮𝗶𝘀𝗲𝘀 $𝟏𝟕𝗠 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 𝘁𝗼 𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 In an exciting development for the hardware manufacturing industry, Cofactr has just secured $17.2M in Series A funding led by Bain Capital Ventures. This milestone brings their total funding to $28.8M, with participation from Y Combinator, Floating Point, Broom Ventures, and DNX Ventures. We want to give a huge thanks to our incredible customers—from aerospace pioneers, autonomous vehicles, consumer electronics to robotics innovators—who've trusted us to streamline their supply chain operations. Your challenges and successes have shaped our platform into what it is today. Co-founders Matthew Haber and Phillip Gulley developed Cofactr from a critical observation: hardware manufacturing needed to evolve as rapidly as software development. They're building the bridge between rapid innovation and regulatory compliance, helping companies stay agile and rigorous, and empowering these innovators to "Get to the Good Parts." Special shoutout to our amazing team and partners who've made this possible. We're just getting started! #supplychain #hardwaremanufacturing #seriesA
Very cool. Congrats Ajay, Matthew Haber and team!
Congrats Ajay!
Ajay Agarwal thank you for all your support and guidance!
Congrats Ajay!
Congrats, Ajay!
CEO & Co-Founder at Cofactr, YC W22 | Helping critical hardware manufacturers accelerate their time to market while ensuring compliance and traceability
1dExcited to be continuing and deepening our partnership Ajay!