What is CoFi?
Based in Lindon, Utah, CoFi operates a sophisticated financial construction payment platform designed to mitigate the systemic inefficiencies inherent in traditional construction billing. By providing builders with granular control over cash flow, the platform ensures that all stakeholders—from general contractors to subcontractors—receive timely compensation. This focus on financial transparency and operational efficiency positions CoFi as a vital utility in the construction technology ecosystem, effectively addressing the industry's long-standing challenges regarding payment delays and administrative friction. The company's core value proposition lies in its ability to digitize complex payment workflows, thereby reducing the risk of project stalls and enhancing overall project liquidity.
How much funding has CoFi raised?
CoFi has raised a total of $7M across 1 funding round:
Angel/Seed
$7M
Angel/Seed (2022): $7M with participation from MetaProp, Tenacity, and Blackhorn Ventures
Key Investors in CoFi
MetaProp
A premier venture capital firm focused on the real estate technology industry, providing strategic support to startups that are transforming the built environment.
Tenacity
An investment organization dedicated to supporting high-growth ventures that demonstrate resilience and long-term value creation in their respective markets.
Blackhorn Ventures
Blackhorn Ventures partners with determined visionaries to harness the power of data, aiming to transform the way the company builds, power, and move the world. The company focuses on investing in startups that leverage digital technologies, including AI and robotics, to enhance critical industries.
What's next for CoFi?
With this major strategic investment, CoFi is well-positioned to transition from its current growth phase into a broader market penetration strategy. The capital will likely be deployed to enhance the platform's feature set, potentially integrating advanced predictive analytics to further optimize construction financing cycles. As the construction industry continues to undergo digital transformation, CoFi's ability to provide a reliable, automated payment layer will be essential for scaling its enterprise client base. Future initiatives will likely focus on deepening integrations with existing project management software and expanding its footprint across the North American construction market, ensuring that the firm remains at the forefront of the fintech-driven construction revolution.
See full CoFi company page
