Cosuno, a Berlin-based construction tech company, secured a $30 million Series B led by US growth equity firm Avenir Growth.
Spark Capital and Cherry Ventures, which led the Series A six months ago, also participated. This new funding brings the valuation to $150 million.
The fresh capital will enable the startup to expand into new European markets and boost product development.
Company: Cosuno Ventures GmbH
Raised: $30.0M
Round: Series B
Funding Month: February 2022
Lead Investors: Avenir Growth
Additional Investors: Spark Capital and Cherry Ventures
Company Website: https://www.cosuno.de/
Software Category: Procurement and Subcontractor Management
About the Company: Founded in 2019 by Christoph Berner, Fritz Cramer, and Maximilian Seifert, Cosuno a SaaS platform that ensures efficient and transparent collaboration between all parties involved. The platform can be used to digitally and efficiently map the crucial processes from planning to payment. Cosuno aims to constantly advance the change in the construction industry with innovative methods and digital processes and intuitive software for tendering, contracting, and subcontractor management in the construction industry.
Source: https://tech.eu/2022/02/09/cosuno-brings-in-30-million-to-digitise-construction-industry