Total amount raised
$351.5 Millions
Latest funding date
12/01/2024
Location
Billd has successfully raised significant funding through multiple rounds, including a notable $144 million debt financing round from ATLAS SP Partners. The company offers financial solutions designed to help subcontractors manage cash flow and take on larger projects.
Keep reading to explore the intricacies of Billd's fundraising journey and the investors backing this innovative platform.
What Is Billd?
Billd, founded in 2018, is a construction finance company headquartered in Austin, Texas. The company was established by Christopher Doyle and Jesse Weissburg.
Operating in the financial services, fintech, payments, and real estate industries, Billd offers project-based financing solutions to contractors. With an employee count ranging from 101 to 250, the company partners with suppliers across the U.S. to provide flexible payment options for material purchases.
How Much Funding Has Billd Raised?
- Series A
- Amount Raised: $60M
- Date: January 2019
- Lead Investors: LL Funds
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide working capital solutions and address the broken payment cycle in the construction industry.
- Series B
- Amount Raised: $30M
- Date: July 2021
- Lead Investors: LL Funds
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Billd's product suite and enhance its financial solutions for subcontractors.
- Debt Financing
- Amount Raised: $100M
- Date: November 2022
- Lead Investors: LL Funds
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's operations and expand its financing solutions.
- Venture Round
- Amount Raised: $17.5M
- Date: October 2024
- Lead Investors: LL Funds, MissionOG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Billd's product suite and address subcontractor pain points.
- Debt Financing
- Amount Raised: $144M
- Date: December 2024
- Lead Investors: ATLAS SP Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's operations and expand its financing solutions.
Total Amount Raised: $351.5M
Current Valuation: Not publicly disclosed
Key Investors
- ATLAS SP Partners
- Details: ATLAS SP Partners is a financial services firm specializing in providing capital solutions. They focus on structured finance and asset management.
- Investment Focus Areas: Structured finance, asset management, capital solutions
- Notable Investments: Not publicly disclosed
- LL Funds
- Details: LL Funds is a private equity firm based in Philadelphia, Pennsylvania, founded in 2009. They manage approximately $2.1 billion in assets for institutional investors.
- Investment Focus Areas: Financial services, real estate, fintech industries
- Notable Investments: Not publicly disclosed
- MissionOG
- Details: MissionOG is a venture capital firm founded in 2012, specializing in high-growth businesses. They provide financial capital and leverage a broad network of industry experts.
- Investment Focus Areas: Financial services, payments, data platforms, software
- Notable Investments: Not publicly disclosed
- RJT Credit
- Details: RJT Credit is a financial services firm that provides credit solutions to businesses. They focus on offering tailored financial products to meet specific business needs.
- Investment Focus Areas: Credit solutions, financial services, business financing
- Notable Investments: Not publicly disclosed
- Ulysses Management
- Details: Ulysses Management is an investment firm that focuses on long-term value creation. They invest in a variety of sectors, providing strategic support to their portfolio companies.
- Investment Focus Areas: Long-term value creation, strategic investments, diverse sectors
- Notable Investments: Not publicly disclosed
What's Next for Billd?
Billd is poised to capitalize on the growing demand for specialized financial solutions in the construction industry. With a recent $17.5 million funding round, the company plans to enhance its product suite and address critical pain points faced by subcontractors. This expansion presents a significant opportunity, given the large and traditionally underserved market.
Future fundraising opportunities appear promising as Billd continues to demonstrate substantial revenue growth and market demand. The company may attract further investments to scale its operations and innovate its financial solutions. However, challenges such as competition from other fintech providers and navigating the complexities of the construction finance market remain.
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