Billd secures $17.5m from leading investors to expand financial solutions in construction

Billd secures $17.5m from leading investors to expand financial solutions in construction

Billd, a key player in financial solutions for the commercial subcontracting sector, has recently announced a significant boost in funding.

The company successfully secured $17.5m in a strategic investment round aimed at accelerating its growth trajectory and enhancing its suite of products.

The funding round was spearheaded by LL Funds and MissionOG, with additional participation from RJT Credit, Ulysses Management, and HighSage Ventures. Notably, this marks the inaugural investment from MissionOG, a growth equity firm with a strong focus on FinTech and lending, as well as HighSage Ventures.

Billd is dedicated to transforming the financial landscape for subcontractors, who have traditionally been underserved by conventional financial systems. By offering tailored working capital solutions, Billd addresses the unique challenges of the construction industry, enabling subcontractors to manage their capital needs more effectively.

The newly acquired funds will be utilized to expand Billd’s product offerings and refine its strategic direction. This investment is expected to keep Billd at the forefront of addressing the critical pain points faced by subcontractors.

In addition to financial growth, the company has seen a 120% increase in revenue from 2021 to 2024, demonstrating the effectiveness of its specialized financial solutions and its solid reputation within the construction sector.

Billd CEO Chris Doyle emphasized the significance of the investment, “This investment represents a significant milestone for Billd. Our investors understand the complexities our customers face and share our commitment to empowering subcontractors. By working together, we are in a stronger position to accelerate our growth, expand our reach, and innovate at a pace that meets the evolving needs of our customers.”

Andy Newcomb, managing partner at MissionOG, also highlighted the strategic fit, “MissionOG is excited to partner with Billd to further accelerate the growth of the company’s financial solutions for an industry that historically has been stacked against subcontractors.

“We are impressed with Billd’s reputation within its core market, the significant adoption of its solutions, and the fantastic growth opportunity to continue to be a difference maker in this large and important ecosystem. Above all else, we could not be more pleased with the Billd team and their ability to execute on this shared vision.”

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