Cosuno is a Germany-based construction tech startup offering a SaaS "pre-construction" procurement platform that maps processes from planning through invoicing and payment and hosts a marketplace of subcontractors. The platform involves subcontractors early in planning and provides tendering, invoicing and payment features alongside planning tools. Cosuno says planning stages can be reduced by up to 60% and that profit margins can be about 18% higher on average. The company reports that more than $4 billion of construction volume has been processed via its platform. Cosuno employs a team of 140 people and plans to further improve the product and expand across Europe. Its valuation is reported at $150 million. Cosuno offers a SaaS platform that digitises procurement for general contractors, property developers, and architects, moving a traditionally paper-driven construction process online. The platform centralises stakeholders to increase transparency and efficiency in sourcing subcontractors and managing bids. Cosuno reports a network of over 80,000 subcontractors and says construction crews can be sourced 60% faster compared with manual methods. The company processed more than $1.5 billion of construction volume in a 12-month period, illustrating rapid adoption. Founded in 2019 by Christoph Berner, Fritz Cramer, and Maximilian Seifert, Cosuno plans to use new funding to further product development and accelerate international expansion. Its positioning targets margin optimisation and time savings across construction projects.

Total raised

$45M

Funding rounds

2

Latest round

Series B

Latest activity

Feb 2022