Handle.com (a construction payments software platform) announced it has raised a significant investment from Suffolk Technologies (the venture capital affiliate of Suffolk Construction, one of the nation’s leading construction entities). This strategic funding round marks a major moment for Handle as it seeks to expand its innovative credit and payment solutions across the built environment.
Suffolk Technologies is known for its commitment to funding and accelerating the next generation of companies that address critical challenges within the built environment. And with a keen eye for transformative startups, Suffolk Technologies offers capital along with a comprehensive ecosystem of support designed to foster growth and innovation. This funding in Handle underscores Suffolk Technologies’ belief in the startup’s potential to substantially impact the construction industry.
As part of the investment, Handle will benefit from Suffolk Technologies’ vast resources, including marketing support, participation in industry events, and curated introductions to key trade partners. And this strategic partnership is poised to significantly increase Handle’s visibility and adoption across the construction ecosystem.
KEY QUOTES:
“Payment flow in the construction industry is frequently mired with delays and process complexities due to industry fragmentation and local regulations. Handle’s financial technology solution brings a new level of efficiency to the payment and lien management workflows for suppliers and contractors so they can deliver on projects faster.”
– Wan Li Zhu, Co-Founder and Managing Director of Suffolk Technologies
“We are thrilled to partner with Suffolk Technologies. Their unmatched expertise and deep connections in the construction sector will accelerate our mission to secure and streamline construction payments.”
– Patrick Hogan, CEO of Handle.com
