What is Built?
Founded in 2014 and headquartered in Nashville, Tennessee, Built provides a sophisticated web-based collaboration platform designed to modernize construction lending. The company addresses systemic inefficiencies in the industry by bringing the draw management process online, which significantly reduces loan risk and enhances profitability for financial institutions. By simplifying compliance and improving the borrower experience, Built serves as a vital bridge between traditional banking and the evolving needs of the modern construction ecosystem. Its enterprise-grade software is engineered to handle the complexities of large-scale projects, making it a cornerstone technology for firms seeking to optimize their real estate portfolios.
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 Nine Four Ventures, Index Ventures, Goldman Sachs Investment Partners, Canapi Ventures, Regions, and Nyca Partners
Debt (2020): $2M supported by PPP
Series C (2021): $88M featuring Index Ventures LLP, Nine Four Ventures, Addition, The Goldman Sachs Group, Inc., Nyca Partners, Canapi Inc., and Fifth Wall
Series D (2021): $125M backed by XYZ Venture Capital, 9Yards Capital, Technology Crossover Ventures, Brookfield Technology Partners, and Highsage Ventures
Key Investors in Built
Index Ventures
Index Ventures is a global venture firm that partners with entrepreneurs from seed to IPO, focusing on companies that challenge the status quo to build enduring market leaders.
Nyca Partners
Nyca Partners is a fintech-focused venture capital firm that provides both capital and deep industry expertise to companies operating in payments, infrastructure, and embedded finance.
Fifth Wall
Fifth Wall is the largest venture capital firm dedicated to the global real estate industry, connecting major property owners with innovative technology entrepreneurs.
What's next for Built?
As Built moves beyond its initial scaling phase, the focus is expected to shift toward deepening its integration within the global financial services landscape. The recent capital injection provides the necessary runway to expand its product suite and potentially explore new geographic markets. Given the company's strong track record with institutional backers, future strategic initiatives will likely prioritize the enhancement of its compliance automation tools and the expansion of its partner network. By maintaining its commitment to reducing friction in construction finance, Built is well-positioned to capture a larger share of the PropTech market while continuing to set the standard for digital loan management.
See full Built company page
