Rabbet (formerly known as Contract Simply), an Austin, Texas-based intelligent construction finance platform, closed an $8m Series A funding round.
Backers included Goldman Sachs’ Principal Strategic Investments group, QED Investors and Camber Creek.
The company intends to use the funds to invest in the development of its automation platform, expand service offerings, expand partnerships with construction lenders, developers and other industry stakeholders, and grow its software engineering and sales teams in Austin.
Founded in 2017 by Will Mitchell, CEO and co-founder, Rabbet provides a platform that uses machine learning to parse documents and connect information for reduced administrative burden, instant compliance and faster decision-making for real estate lenders and developers.
The company was accelerated with Y Combinator.
FinSMEs
20/02/2019