Billd, an Austin, Texas-based construction finance company, closed a $60M Series A debt and equity funding.
The round was led by LL Funds, with participation from RJT Credit. As part of the transaction, Shivraj (Raj) Mundy, Partner with LL Funds, will join Billd as its Executive Chairman. A member of RJT Credit will also join the board.
The company intends to use the funds to expand product capabilities to make the process simple for suppliers and contractors and scale operations.
Led by CEO Chris Doyle, Billd provides products that allow construction suppliers to offer their customers a financing and payment solution to purchase materials upfront and pay for it over time. The short-term financing solutions facilitates immediate payment to suppliers while providing contractors the flexibility to pay for material purchases over time.
The company currently works with thousands of contractors across the US.
FinSMEs
30/01/2019