What is Built?
Headquartered in Nashville, Tennessee, Built provides a sophisticated web-based collaboration platform designed to streamline the construction lending lifecycle. By digitizing the draw management process, the company effectively mitigates loan risk, enhances profitability, and improves the borrower experience. Its software serves as a vital bridge between financial institutions and construction projects, ensuring compliance and operational efficiency in an industry historically reliant on manual, paper-based processes. Built's market position is defined by its ability to integrate seamlessly into existing banking infrastructures, making it an essential tool for modernizing real estate finance.
How much funding has Built raised?
Built has raised a total of $266.6M across 5 funding rounds:
Series A
$20.6M
Series B
$31M
Debt
$2M
Series C
$88M
Series D
$125M
Series A (2017): $20.6M with participation from Index Ventures and NYCA
Series B (2019): $31M led by Canapi Ventures, Regions, Nine Four Ventures, Index Ventures, Goldman Sachs Investment Partners, and Nyca Partners
Debt (2020): $2M supported by PPP
Series C (2021): $88M featuring Addition, Canapi Inc., The Goldman Sachs Group, Inc., Index Ventures LLP, Nine Four Ventures, Nyca Partners, and Fifth Wall
Series D (2021): $125M backed by XYZ Venture Capital, Highsage Ventures, 9Yards Capital, Technology Crossover Ventures, and Brookfield Technology Partners
Key Investors in Built
Fifth Wall
Fifth Wall is the largest venture capital firm focused on technologies for the global real estate industry, connecting major property owners with innovative entrepreneurs.
Index Ventures
Index Ventures is a global venture firm that partners with founders from seed to IPO, supporting companies that challenge the status quo.
The Goldman Sachs Group, Inc.
Goldman Sachs is a leading global investment banking and management firm providing strategic advisory, financing, and capital market services.
What's next for Built?
Looking ahead, Built is well-positioned to leverage its substantial capital reserves to deepen its product suite and expand its footprint within the global PropTech ecosystem. The company's focus remains on scaling its enterprise offerings and fostering deeper integrations with major financial institutions. As the construction industry continues its digital transformation, Built is expected to prioritize the development of advanced analytics and automated compliance features. By maintaining its strategic partnerships with key industry stakeholders, the firm is poised to maintain its leadership in the construction lending technology space, driving further innovation in how capital is deployed and managed across the built environment.
See full Built company page
