Licify, a Bogota, Colombia-based procurement and financial software startup for the construction industry, raised $3.4m in funding.
The round was led by Brick & Mortar Ventures and Accion Venture Lab, with participation from Dash Fund, G2 Momentum Capital, and Columbia University’s VC fund.
The company intends to use the funds to expand to Mexico, to further enhance its product offerings, develop strategic partnerships, and drive the adoption of its digital payments services.
Led by Fernando Olloqui, CEO, Licify provides digital supply-chain management software and financial solutions tailored for the construction industry. The company offers a range of innovative products and services that streamline procurement planning, bidding, billing, and payment conciliation, enhancing efficiency and driving economic growth.
The previous funding rounds enabled the company to achieve over 17,000 clients in Colombia and facilitate over $2 billion in business between builders and its supply chain in the last two years.
FinSMEs
29/07/2023