Billd, a leading provider of financial solutions for commercial subcontractors, announced its latest investment round securing $17.5 million in strategic funding. This funding helps accelerate Billd’s mission, further solidifying the company’s role as an indispensable partner to subcontractors and enabling the organization to continue driving innovation in construction finance.
For years, subcontractors operated within a financial system unable to meet their specific capital needs. Billd was created for solving this challenge by providing access to working capital designed for the construction industry. And this investment signals the market’s confidence in Billd’s ability to revolutionize construction supply chain finance.
The funding round was led by LL Funds and MissionOG, with RJT Credit, Ulysses Management, and HighSage Ventures also participating. And this marks the first investment from MissionOG, a growth equity firm with deep expertise in fintech and lending, and HighSage Ventures.
Billd achieved 120% revenue growth between 2021 and 2024. And this strategic funding round allows the company to enhance its product suite and refine its direction to ensure Billd remains at the forefront of solving subcontractor pain points.
KEY QUOTES
“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.”
“We are more committed than ever to our role as Champion of the Subcontractor. This opportunity allows Billd to continue our long-term goal to develop unparalleled solutions for subcontractors nationwide.”
– CEO Chris Doyle
“Billd’s unique financial solutions enable subcontractors to grow their business, instead of being held back by capital constraints. We’re proud to back Billd as they continue to grow and expand their efforts.”
– Raj Mundy, partner at LL Funds
“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.”
– Andy Newcomb, managing partner at MissionOG
