About CoFi
CoFi is a company based in Lindon (United States) founded in 2018 by Mike Lacey and Cameron Harris. It operates as a SaaS (Software-as-a-Service) and Commission-Based. CoFi has raised $7 million across 2 funding rounds from investors including Blackhorn Ventures, MetaProp and Dreamit. CoFi offers products and services including New Construction Financing, Production & Tract Financing, Fix & Flip Financing, and CoFi Payment Software. CoFi operates in a competitive market with competitors including Billd, Renovate America, Sekady, Diggifi and Struxtion, among others.
- Headquarter Lindon, United States
- Founders Mike Lacey, Cameron Harris
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website cofilending.com
- Social LinkedIn Facebook Instagram
- Legal Name Construction Finance Corporation
- Total Equity Funding$7M (USD)
in 2 rounds
- Latest Funding Round$7M (USD), Seed
Mar 2022
- InvestorsBlackhorn Ventures
& 2 more
Products & Services of CoFi
CoFi offers a comprehensive portfolio of products and services, including New Construction Financing, Production & Tract Financing, Fix & Flip Financing, and CoFi Payment Software.
Tailored financing is provided for single-family home builders.
Funding is offered for multi-unit development projects.
Flexible financing is available for renovation projects.
Software is designed for efficient construction funding management.
Funding Insights of CoFi
CoFi has successfully raised a total of $7M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $7 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7M
- Total Rounds 2
- Last Round Seed — $7M
- Investors Count 3
All 2 funding rounds of CoFi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $7M | Seed | – | Blackhorn Ventures, MetaProp NYC | – |
| Apr 2020 | – | Seed | – | Dreamit | – |
3 investors in total: 3 institutional.
Investors in CoFi
CoFi has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackhorn Ventures, MetaProp and Dreamit.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech and offline focused VC firm investing in geographies such as the US | – | blackhornvc.com | Boulder, United States | |
Startup accelerator | – | dreamit.com | New York, United States | |
MetaProp is recognized as a leading PropTech venture capital firm. | – | metaprop.vc | - |
Investor details for CoFi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of CoFi
9 people are tracked at CoFi (3 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Mike Lacey | Co-Founder & Co-CEO | Leadership |
Cameron Harris | Co-Founder & Co-CEO | Leadership |
Erik Tadje | VP of Banking | Leadership |
Kira Barney | Underwriting Manager | Team |
Callie Forsyth | Underwriter | Team |
Kira Hintze | Underwriting Manager | Team |
Kellie Holley | Loan Administrator | Team |
Breann Mcarthur | Credit Analyst | Team |
Jay Mortimer | Senior Funds Control Specialist | Team |
Complete people profiles for CoFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of CoFi
3 dated milestones of CoFi across 4 years, from founding to its latest funding, stage changes and deals.
- Founded CoFi is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $7.0M.
Competitors of CoFi
CoFi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Billd, Renovate America, Sekady, Diggifi and Struxtion, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| billd.com | 2018 | Austin, United States | $201.55M | 63 | SaaS financing solutions are provided for construction material suppliers. | |
| renovateamerica.com | 1999 | San Diego, United States | $169.68M | 163 | Delivers financing programs for energy-efficient home improvements. | |
| sekady.com | 2009 | Fruitland, United States | – | – | Sekady offers software for draw management, inspections, and fund control in construction. | |
| diggifi.com | 2022 | Cheyenne, United States | – | – | An app-based lending platform for construction contractors. | |
| struxtion.com | 2020 | Cincinnati, United States | – | – | An online marketplace for loans targeted at construction contractors. | |
| constructiondraw.com | 2017 | Tucker, United States | – | – | Offers software solutions for efficient construction loan disbursement. | |
| residentialinvestorplus.com | 2019 | United States | – | – | Provides an online platform for real estate loans to facilitate property investments. |
Detailed competitors of CoFi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CoFi
The website of CoFi (cofilending.com) receives about 10.5K visits a month.
- Monthly visits10.5K
▲ 23.6% vs previous month
Websites whose visitors overlap most with CoFi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cofimd.com | 100% | 9K | #1,904,024 | View details |
Similar companies to CoFi
10 companies that operate in the same segment as CoFi (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about CoFi
CoFi was founded in 2018 and raised its 1st funding round 2 years after it was founded.
CoFi is headquartered in Lindon, United States. It is registered at Lindon, Utah, United States.
Mike Lacey is the current CEO of CoFi. They have also founded this company.
CoFi is a funded company, having raised a total of $7M across 2 funding rounds to date.
Construction lending is transformed by CoFi through tailored financial solutions and innovative software. Focus is placed on new construction, production, and fix flip projects for builders. Digital platforms are utilized to automate processes, ensuring efficiency and transparency in funding. The construction industry is served with a hybrid approach, blending technology with human expertise. Loan programs and payment software are offered to streamline project financing and management.
CoFi's top competitors include Billd, Renovate America and Sekady.
CoFi offers New Construction Financing, Production & Tract Financing, Fix & Flip Financing, and CoFi Payment Software.
CoFi has 3 investors. Key investors include Blackhorn Ventures, MetaProp, and Dreamit.
CoFi operates through Construction Finance Corporation.