# LICIFY S.A.S

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/licify-s-a-s

- Industry: Software
- Headquarters: Bogota, Colombia
- Website: www.licify.co
- Total disclosed funding: $3.4M
- Latest round: Seed (Jul 26, 2023)
- Investors on record: 5

## About

Based in Bogota, Colombia, and founded in 2017, LICIFY S.A.S operates as a software development company offering a supply management platform for builders and suppliers in the construction industry. In July 2023, the firm raised USD 3.4 million in seed funding co-led by investors Accion, and Brick & Mortar Ventures, with participation from other investors Columbia University, Dash Fund, and G2 Momentum Capital. The firm as of July 2023, has facilitated over 15,600 tenders of over 40 construction companies and contracts worth 2,176 billion.

The company offers a supply chain solution to digitize and streamline the process of quotations, purchases, and evaluations of builders, developers, and contractors in the construction industry. The company’s platform connects buyers with over 10,500 certified suppliers nationwide in Colombia. For buyers, Licify offers planning and execution assistance for purchases and contracts, along with access to working capital to accelerate projects.  The company, as of July 2023, has more than 16,600 suppliers in its network and it also offers operational and financial validation of the suppliers through its Vende+ program as well as supports suppliers with training and continuous improvement.

The company plans to utilize its July 2023 funding to further develop its construction and financial services.

## Funding rounds

- Seed, Jul 26, 2023, $3.4M — Columbia University, Accion, Brick & Mortar Ventures, G2 Momentum Capital, Dash Fund

## Investors

- Columbia University — Seed
- Accion (https://capitalatlas.ai/funds/accion) — Seed
- Brick & Mortar Ventures (https://capitalatlas.ai/funds/brick-mortar-ventures) — Seed
- G2 Momentum Capital — Seed
- Dash Fund (https://capitalatlas.ai/funds/dash-fund) — Seed