Is Kojo profitable in 2026?

Kojo has not disclosed profitability or margin figures. As of October 16, 2025, the company said over 600 contractors process more than $5 billion in materials orders annually through its platform, but no profit data has been published.

Who is Kojo's biggest competitor threat?

Trimble, a much larger construction-tech incumbent, acquired Kojo's closest direct rival StructShare in May 2025, turning a niche competitor into a well-capitalized threat inside a public company's portfolio.

Could AI replace Kojo's platform?

Unlikely soon. Kojo's moat rests on proprietary transaction data covering over $5 billion in annual materials orders (company claim, October 16, 2025) plus live integrations with distributors like Wesco, not on generic AI capability rivals could copy easily.

Kojo Technologies, Inc. is privately held and venture-backed, with investors including Tiger Global, Battery Ventures, Schneider Electric, and Wesco International, which put in $10M as part of a Series C extension announced October 21, 2025.

Has Kojo had layoffs or legal trouble?

No public reports of layoffs, litigation, or regulatory action against Kojo have surfaced as of the company's October 2025 Wesco funding announcement, based on available press coverage.

Who founded Kojo and when?

Kojo was founded in 2018 by Maria Davidson, Ryan Gibson, and Micah Rodman under the original name Agora Systems, before rebranding to Kojo alongside a $39 million Series C in September 2022.

Vertical and industry software · United States

Kojo

kojo.io ↗

Kojo makes software contractors use to order and track construction materials.

Losing its protection

Assessed 23 July 2026 · Evidence as of 23 July 2026

The structural protection is eroding.

On the recordSince 23 July 2026 · Checkable from H1 2026 · Every call on the record Checkpoint: Resolution of Series C extension and whether Kojo lands a second major distributor like Ferguson or Graybar

The call

Kojo has real order-flow data and a distributor tie-up, but growth has slowed just as Trimble bought its nearest rival and CEO continuity looks unclear.

Kojo is a software platform that helps construction contractors organize and track spending on materials and supplies. It has real advantages: it has connected with over 600 contractors who send $5 billion in orders through it each year, and it has built-in connections to major suppliers like Wesco and to accounting systems. However, Kojo's growth has slowed down (only reaching $19 million in yearly revenue after raising $94 million), and now Trimble, a much larger company, just bought StructShare, which was Kojo's closest competitor. The one thing that matters most: whether Kojo can lock in more big suppliers like it did with Wesco, or whether Trimble and StructShare start winning away Kojo's contractor customers.

Why

AI pressure: Procore and Autodesk AI-driven materials modules. Rivals could bolt AI procurement features onto platforms contractors already use, squeezing Kojo's wedge. Could AI do the core job? Unlikely.

Bigger players: Trimble (via StructShare acquisition, May 2025). Trimble now owns Kojo's closest direct rival and has the capital to bundle materials management into its existing construction software stack. Could a giant copy it? Probably.

What protects it. Deep Wesco distributor integration plus $5B in live order data and workflow lock-in across 600+ contractors.

What would change this call

StructShare/Trimble announces named wins of contractors switching from Kojo within 12 months. Would show Trimble is actively converting Kojo's customer base, not just competing on paper.
Kojo signs a second major distributor (e.g. Ferguson, Graybar) on Wesco-like terms. Would show Kojo is replicating its distribution moat rather than relying on one partner.
Public confirmation of Kojo's CEO status resolves the Maria Davidson 'former CEO' discrepancy. Would clarify leadership stability during a period of active competitive threat.

Key numbers

$5B in annual materials orders across 600+ contractors (2025-10-16)
~$18.9M estimated ARR (2024-12-22)
$94M total VC raised, including $10M from Wesco (2025-10-21)

Named risks

CEO continuity unclear: founder listed as former CEO in one bio versus active CEO in 2025-2026 press. Severity: medium
Direct competitor StructShare now backed by Trimble's much larger resources. Severity: high
ARR growth signals appear to have slowed relative to $94M total VC raised and rising headcount. Severity: medium
Key traction figures like $5B order volume are self-reported and not independently audited. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
Trimble (via StructShare)	gaining on	Trimble acquired Kojo's direct competitor StructShare in May 2025, entering the niche with major resources
Procore Technologies	contesting	Dominant enterprise construction management platform competing for the same commercial contractor budgets as Kojo
Autodesk Construction Cloud	contesting	BIM-linked platform positioned as an alternative to Kojo's materials workflow, despite Kojo's own 2022 Autodesk integration

Questions people ask

Is Kojo profitable in 2026?: Kojo has not disclosed profitability or margin figures. As of October 16, 2025, the company said over 600 contractors process more than $5 billion in materials orders annually through its platform, but no profit data has been published.
Who is Kojo's biggest competitor threat?: Trimble, a much larger construction-tech incumbent, acquired Kojo's closest direct rival StructShare in May 2025, turning a niche competitor into a well-capitalized threat inside a public company's portfolio.
Could AI replace Kojo's platform?: Unlikely soon. Kojo's moat rests on proprietary transaction data covering over $5 billion in annual materials orders (company claim, October 16, 2025) plus live integrations with distributors like Wesco, not on generic AI capability rivals could copy easily.
Who owns Kojo?: Kojo Technologies, Inc. is privately held and venture-backed, with investors including Tiger Global, Battery Ventures, Schneider Electric, and Wesco International, which put in $10M as part of a Series C extension announced October 21, 2025.
Has Kojo had layoffs or legal trouble?: No public reports of layoffs, litigation, or regulatory action against Kojo have surfaced as of the company's October 2025 Wesco funding announcement, based on available press coverage.
Who founded Kojo and when?: Kojo was founded in 2018 by Maria Davidson, Ryan Gibson, and Micah Rodman under the original name Agora Systems, before rebranding to Kojo alongside a $39 million Series C in September 2022.

Timeline

2026-04-10Entrepreneur profile says Kojo grew to $5B in annual orders within about five years
2025-10-21Kojo raises $10M Series C extension from Wesco, total VC raised reaches $94M
2025-10-16Kojo announces Wesco partnership, cites 600+ contractors and $5B annual order volume
2025-05-01Trimble acquires StructShare, Kojo's closest direct materials-procurement competitor
2025-04-18Kojo launches AI tool suite to help contractors combat tariff-driven cost volatility
2022-09-14Kojo rebrands from Agora Systems, closes $39M Series C led by Battery Ventures
2021-08-12Kojo closes $33M Series B led by Tiger Global
2018Kojo founded as Agora Systems by Maria Davidson, Ryan Gibson, Micah Rodman

Revision history

23 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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