Billd, an Austin, TX-based provider of financial solutions for commercial subcontractors, raised $17.5M in funding.
The round was led by LL Funds and MissionOG, with RJT Credit, Ulysses Management, and HighSage Ventures also participating.
Led by CEO Chris Doyle, Billd offers access to working capital solutions to cover subcontractors’ most pressing costs, including materials and labor, providing flexible credit to accommodate the unpredictability of cash flow in construction. Its patented analytic and financing methodology allows subcontractors to stabilize cash flow and more effectively grow their businesses.
The company has achieved 120% revenue growth from 2021 to 2024, and this strategic funding round allows them to enhance its product suite and refine its direction.
FinSMEs
29/10/2024