Posted October 01, 2021
Built Technologies, a fintech startup focused on the construction industry, more than tripled its valuation to $ 1.5 billion after raising $ 125 million in a funding round led by TCV.
Brookfield Technology Partners, 9Yards Capital, HighSage Ventures and XYZ Venture Capital were involved in the fundraiser, Chase Gilbert, CEO of Built, based in Nashville, Tennessee, said in an interview. Existing investors including Lee Fixel’s Addition, Fifth Wall and Index Ventures also participated.
“We’re starting to be very successful, with $ 74 billion in transactions per year through Built,” said Gilbert, who co-founded the company in 2014. Construction lenders US Bancorp, Fifth Third Bancorp and Regions Financial Corp., as well as companies such as DR Horton Inc., Discovery Land Co. and Laramar Group are among the startup’s clients.
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