- Built In, a platform for connecting professionals with technology companies, announced it raised $22 million in Series C funding led by Updata
Built In — a platform for connecting professionals with technology companies across the U.S. — announced it has raised $22 million in Series C funding. Updata Partners led the funding round and it includes participation from existing investors including MATH Venture Partners.
With this round of funding, Built In will expand its national footprint and increase investments in its core product and further enhance opportunities for professional development in the technology industry.
“The digitally native generation in today’s workforce seeks collaborative, purpose-driven workplaces that value their talents,” said Built In’s Co-founder and Chief Executive Officer Maria Christopoulos Katris. “We help them connect with their local tech communities, grow professionally and discover opportunities at companies they believe in. We couldn’t be more excited to partner with Updata to expand across the country and offer personalized experiences to help professionals excel in their careers.”
Founded by Maria Christopoulos Katris, Matt Moog (also CEO of PowerReviews and founder of FireStarter Fund), and Adam Calica (also VP of Growth at Built In), Built In helps more than 1,800 customers ranging from rapidly growing startups to Fortune 50 companies connect with over 1 million technology professionals every month.
“The market opportunity ahead of Built In is incredibly exciting, based in part on a set of favorable business and macroeconomic trends,” said Carter Griffin, General Partner, Updata, who will be joining Built In’s Board of Directors. “In addition to low unemployment and the continued growth of the tech sector, more companies than ever are undergoing digital transformations to stay competitive. Their success hinges on the extent to which they meaningfully engage with the tech community.”
Built In currently has 100 employees and with the funding, the company is planning to double headcount at its Chicago headquarters and expand its national footprint over the next 12 months.
“When we first invested in Built In in 2015, they were a small team with a very big vision,” said Troy Henikoff — Managing Director of MATH Venture Partners. “It is rare to see a company thoughtfully transform and consistently deliver best-in-class KPIs and growth with so little outside capital. Maria and her team consistently deliver to their customers, users, and investors, and I could not be prouder to partner with them on this journey.”
It’s also worth mentioning that this is the second-largest round of funding Chicago raised by a woman CEO leading a digital tech company (PitchBook). Built In has communities set up in Austin, Boston, Chicago, Colorado, LA, NYC, and Seattle.
Fenwick & West represented Built In for this funding round, according to Global Legal Chronicle. The Fenwick transaction team was represented by Andrew Albertson (partner), Katherine Duncan (associate), Isabel da Roza (associate), R Harrison Dilday (associate), and William Skinner (tax partner).