Billd Raises $17.5 Million in Funding
Billd, an Austin, Texas-based financial solutions provider for commercial subcontractors, has raised $17.5 million in funding.
The round was led by LL Funds and MissionOG, with participation from RJT Credit, Ulysses Management, and HighSage Ventures also participating.
Founded in 2009, LL Funds is a private equity firm based in Philadelphia, Pennsylvania. The firm invests in early to late-stage companies, focusing on financial services, real estate, and fintech industries. The company manages approximately $2.1 billion for institutional investors.
MissionOG, founded in 2012, is a venture capital firm that partners with high-growth businesses that have proven models in sectors like financial services, payments, data platforms, and software. MissionOG invests financial capital and utilizes a broad network of industry experts to help accelerate its partner companies.
This funding will allow Billd to enhance its product suite.
Founded in 2018, Billd provides financial solutions specifically designed for commercial subcontractors in the construction industry. Its construction-specific financial and payment products empower subcontractors to overcome the impacts of the longstanding broken payment cycle in construction. 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.
Funding Details
Company: Billd, LLC
Raised: $17.5M
Round: Unknown
Funding Date: October 2024
Lead Investors: LL Funds, MissionOG
Additional Investors: RJT Credit, Ulysses Management, HighSage Ventures
Company Website: https://billd.com/
Software Category: Financial and Payment Solutions