# Cosuno Ventures

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cosuno-ventures

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.cosuno.de
- Total disclosed funding: $45M
- Latest round: Series B (Feb 2, 2022)
- Investors on record: 7

## About

Cosuno Ventures GmbH operates a digital platform that enhances the management of construction projects, focusing on simplifying tendering and procurement processes for contractors and construction firms.Founded in 2019, Cosuno Ventures GmbH is headquartered in Berlin, Germany. The company specializes in construction project management through a digital platform. The founding team includes Lena Voß and Maximilian Seifert, with Christoph Berner and Fritz Cramer in key leadership roles. In February 2022, Cosuno raised USD 30 mn in Series B funding from Avenir Growth Capital, Cherry Ventures, and Spark Capital. This funding supports the company's operations and growth initiatives, with a total amount raised of USD 30 mn and a current valuation of USD 174.654 mn. Cosuno has completed 3 deals to date, with its most recent deal occurring on 2022-02-02.Cosuno offers a comprehensive platform designed for the intelligent management of construction projects. It streamlines the tendering and procurement processes, allowing users to store documents, communicate with subcontractors, and manage the entire planning cycle in one location. Clients can publish tenders, compare bids through a centralized price list, and negotiate for optimal pricing. The platform serves general contractors and construction firms, connecting users with a network of over 10,000 construction projects and ensuring transparency while increasing profit margins across various geographical markets.Cosuno operates on a subscription-based revenue model for its tendering and subcontractor management platform. General contractors publish tenders and engage with subcontractors within Cosuno's extensive network. Pricing plans vary according to the services utilized, particularly for tender management and procurement optimization, providing clients with a robust digital infrastructure that enhances communication, simplifies the bidding process, and potentially increases profitability.In February 2022, Cosuno raised USD 30 mn in Series B funding led by Avenir Growth Capital, which will be used to enhance product offerings and facilitate expansion across Europe. The company is actively working on developing new functionalities within its platform to better serve its clients in the construction sector. As part of its growth strategy, Cosuno aims to enter additional European markets to capture a broader client base by the end of 2023.

## Funding rounds

- Series B, Feb 2, 2022, $30M — Spark Capital, Cherry Ventures, Avenir Growth Capital
- Series A, May 18, 2021, $15M — Spark Capital, Cherry Ventures, PERI, Belmond Capital, Tona Investments LP, Apic Investments

## Investors

- Spark Capital — Series A, Series B
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Series A, Series B
- PERI — Series A
- Belmond Capital — Series A
- Tona Investments LP — Series A
- Apic Investments — Series A
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Series B