What is Cosuno?
Founded in 2019 and headquartered in Berlin, Germany, Cosuno operates as a comprehensive construction software platform. The company aims to streamline and digitize various aspects of the construction process, offering solutions designed to improve efficiency and project management for businesses in the building industry. Its focus on enterprise-level solutions suggests a strategy geared towards larger construction firms seeking to leverage technology for operational improvements and competitive advantage. The consistent flow of significant investment indicates strong market validation and investor confidence in Cosuno's business model and its potential for growth within the construction tech landscape.
How much funding has Cosuno raised?
Cosuno has raised a total of $45M across 2 funding rounds:
Series A
$15M
Series B
$30M
Series A (2021): $15M with participation from APIC Investments, Spark Capital, PERI, and Cherry Ventures
Series B (2022): $30M led by Avenir Chrono, Spark Capital, and Cherry Ventures
Key Investors in Cosuno
Spark Capital
Spark Capital is a venture capital firm known for investing in innovative products and creators across various sectors, including SaaS and technology. They support founders in navigating their growth journey from their offices in San Francisco, Boston, and New York City.
Cherry Ventures
Cherry Ventures is a European venture capital firm focused on early-stage investments, particularly in SaaS and technology startups. Comprised of experienced entrepreneurs, they provide capital, energy, and knowledge to help founders build successful companies.
PERI
PERI is a global leader in formwork and scaffolding systems, serving the construction industry with innovative solutions. Their investment in Cosuno suggests a strategic interest in the digitalization and efficiency of construction processes.
What's next for Cosuno?
With substantial enterprise-level funding and a recent strategic investment, Cosuno is well-positioned for accelerated growth and product development. The company is likely to focus on expanding its market reach, both domestically in Germany and internationally, and further enhancing its platform's capabilities. Future strategic initiatives may include deeper integration with other construction management tools, the development of advanced analytics features, and potentially exploring new verticals within the broader construction ecosystem. The ongoing backing from investors like Spark Capital and Cherry Ventures suggests a continued emphasis on scaling the business and solidifying its standing as a leader in construction software.
See full Cosuno company page
