Bogota, Colombia is home to an innovative tech powerhouse, Licify, which has just secured a game-changing $3.4 million in funding. Investors are flocking to support this revolutionary startup, led by the visionary CEO, Fernando Olloqui, as they set their sights on transforming the construction industry.

Leading the charge in this funding round are Brick & Mortar Ventures and Accion Venture Lab, two powerhouses in the world of investment. And they’re not alone! The funding party also includes heavyweights like Dash Fund, G2 Momentum Capital, and even Columbia University’s VC fund, all eager to be part of Licify’s success story.

But what makes Licify so special? Picture this: a cutting-edge procurement and financial software tailored specifically for the construction industry. Licify is taking the complexities out of construction supply-chain management and revolutionizing how businesses operate.

Their digital supply-chain management software is like a well-tuned orchestra, seamlessly orchestrating procurement planning, bidding, billing, and payment conciliation. Efficiency and effectiveness become the norm, driving economic growth and taking the construction industry to new heights.

But that’s not all! Licify’s prowess extends to digital payments services, eliminating the need for cumbersome paperwork and traditional payment methods. With Licify’s streamlined and secure digital payment solutions, the construction industry can bid farewell to old-fashioned payment woes.

With this fresh injection of funding, Licify is ready to embark on a new chapter of growth and expansion. First stop: Mexico! The startup is poised to make waves in the Mexican market, offering its revolutionary suite of products and services to transform the construction landscape.

Moreover, Licify has big plans to further enhance its product offerings, staying at the forefront of innovation. Strategic partnerships are also on the agenda, as they seek to collaborate with key players to bring even more value to their clients.

The impact of Licify’s previous funding rounds is already evident. With over 17,000 clients in Colombia and an impressive $2 billion in business facilitated between builders and their supply chain in just two years, it’s clear that Licify’s cutting-edge solutions are making a tangible difference in the construction industry.

Licify Raises $3.4M in Seed Funding. Congratulations to Licify and its visionary leader, Fernando Olloqui, for this incredible milestone. The future of construction has never looked brighter, and I can’t wait to see the transformative impact Licify will continue to make in the industry. Keep an eye on this Colombian gem as they pave the way for a more efficient, effective, and digitized construction landscape!

Shishir Gupta, The Founder & CEO of StartupLanes

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