Kojo has raised $83.0M in total across 4 funding rounds.
Kojo's investors include Battery Ventures, Bonfire Ventures, Jenny Fielding, Scott Hartley, Mayfield, Abstract Ventures, A* Capital (A Star Capital), Alchemy Ventures, Altos Ventures, Alumni Ventures, AME Cloud Ventures, Andreessen Horowitz.
Kojo is a San Francisco-based technology company (formerly Agora Systems) that builds a comprehensive construction materials procurement and management platform. It serves trade contractors by streamlining the process of researching, selecting, ordering, tracking, receiving, and paying for raw materials, while integrating with ERP and project management systems to reduce costs and improve efficiency.[1][2][5] The platform solves chronic pain points in construction procurement—like volatile material costs, supply delays, and fragmented inventory—saving customers over $30 million as of late 2023 and powering more than 25,000 projects across 47 U.S. states used by 15,000+ professionals; by March 2024, it processed over $2 billion in annual materials orders.[1] Kojo operates on a custom SaaS subscription model in a $5 billion market (2023) projected to reach $24.2 billion by 2033, with strong growth including $83.7 million in total funding.[1][3]
Kojo was founded in 2018 by CEO Maria Davidson in San Francisco, California (with some profiles listing a Covina HQ), evolving from Agora Systems to focus on digitizing construction procurement.[1][2][3] Davidson, drawing from industry insights, launched the platform to address inefficiencies in materials management for trade contractors, starting with core features for purchasing, inventory tracking, field operations, warehousing, and accounting.[1][4] Early traction built quickly: by September 2022, Kojo won "Best SaaS Product for the Construction Industry" from SaaS Awards; by November 2023, it supported 25K+ projects; and a mobile app expanded accessibility via Google Play and Apple App Store.[1] In September 2023, Kojo introduced its AI-powered "Intelligence Layer," with further AI tools launched in April 2025 to combat rising costs through pricing comparisons, forecasting, and automated recommendations—pivotal amid market volatility.[1][2]
Kojo stands out in construction tech through integrated, AI-enhanced tools that unify procurement workflows:
Kojo rides the construction tech (ConTech) digitization wave, targeting a fragmented $1.8 trillion U.S. industry where materials account for 50%+ of costs but procurement remains manual and error-prone.[1] Timing is ideal amid labor shortages, inflation-driven material volatility (e.g., post-pandemic spikes), and sustainability mandates—Kojo's mission aligns with building more housing, infrastructure upgrades, and climate adaptation via efficient, ESG-friendly procurement.[3][4] Market tailwinds include a booming ConTech sector (procurement software market from $5B to $24.2B by 2033) fueled by AI adoption and supply chain pressures; Kojo influences the ecosystem by empowering mid-market trade contractors (often underserved vs. GCs), fostering supplier connections, and setting benchmarks for AI-driven savings that ripple to project timelines and carbon footprints.[1][2]
Kojo is poised for accelerated expansion as AI tools mature and ConTech consolidates, potentially capturing more of the $24B+ procurement market through deeper integrations and international scaling. Trends like rising material costs (addressed by its 2025 AI suite) and ESG reporting will amplify demand, while $83.7M funding enables hires and features like advanced forecasting.[1][2][3] Influence may evolve from niche procurement leader to full operations platform, shaping sustainable construction amid labor and supply crunches—ultimately delivering the control contractors need for faster, cheaper builds that tackle housing and infrastructure crises.[1][4]
Kojo has raised $83.0M across 4 funding rounds. Most recently, it raised $39.0M Series C in September 2022.
