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Built Technologies Revenue, Valuation, Funding & Investors
Built Technologies is valued at $1.5B as of July 2022, a 18.1x multiple on its last reported $83M revenue.
Last Built Technologies valuation
$1.5B
Undisclosed stage · Jul 2022
Last Built Technologies funding round
$24M
Undisclosed stage · Jul 2022
Built Technologies revenue
$83M
Undisclosed stage · Jul 2022
Key investors in Built Technologies
Index Ventures
Nyca Partners
Addition
Nine Four Ventures
Goldman Sachs
TCV
About Built Technologies
Built Technologies is a Nashville-headquartered provider of cloud-based software for construction lending. The platform digitizes the draw management process through online collaboration tools, mobile inspections, and automated compliance checks. Lenders use it to monitor project progress, verify disbursements, and mitigate risks on loans totaling billions in value. The company serves regional banks, credit unions, and community lenders across the United States. Founded in 2014, Built Technologies expanded its offerings to include borrower portals and document management systems. Its integrations with accounting software like QuickBooks streamline financial workflows for construction projects.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$83M (Jul 2022)
Valuation
$1.5B (Jul 2022)
Built Technologies Valuation
Built Technologies is currently valued at $1.5B, based on its undisclosed-stage round in July 2022.
Built Technologies' valuation has moved from $1.5B at its Series D in September 2021 to $1.5B in July 2022, across 2 priced rounds.
Built Technologies valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2022 | Undisclosed stage | $1.5B | 18.1x |
| Sep 2021 | Series D | $1.5B | 18.1x |
Built Technologies Revenue
Built Technologies' latest recorded revenue is $83M, as of its undisclosed-stage round in July 2022. At a $1.5B valuation, that implies a 18.1x revenue multiple.
Revenue moved from $83M in September 2021 to $83M in July 2022, while the revenue multiple moved from 18.1x to 18.1x.
Built Technologies revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2022 | $83M | $1.5B | 18.1x | Undisclosed stage |
| Sep 2021 | $83M | $1.5B | 18.1x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Built Technologies Funding History
Built Technologies has raised a total of $313M across 6 funding rounds.
Built Technologies' first fundraising round was a $21M Series A in November 2017. The most recent completed round was a $24M undisclosed-stage round in July 2022.
Built Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2022 | Undisclosed stage | - | $24M | $1.5B | Built Technologies is a Nashville-based construction finance technology platform that enables lenders to deploy capital into commercial and residential construction projects efficiently, integrating with core systems and providing insights for managing debt and equity funding. The company supports owners, developers, and construction professionals with tools like compliance tracking, AP/AR automation, payment management, and insurance services. Launched in 2015, Built had managed financing for over $135 billion in construction value across more than 200,000 projects by September 2021. In September 2021, Built announced a $125 million Series D funding round led by TCV, with participation from Brookfield Technology Partners, 9Yards Capital, XYZ Venture Capital, and HighSage Ventures, alongside existing investors like Addition, Index Ventures, Canapi Ventures, GreenPoint Partners, Nine Four Ventures, Fifth Wall, Goldman Sachs, and Nyca Partners. This round valued the company at a post-money $1.5 billion, establishing it as a unicorn. By early 2022, Built had raised over $213 million total, doubled headcount to 330 employees, and managed more than $200 billion in total construction value in FY2021, up 144% year-over-year. It introduced 61 new financial institutions and hundreds of contractors, handling 135,065 active loans, over 400,000 draw disbursements (up 85% YoY), and 738,961 transactions. The platform supported 169 North American lenders across over 200,000 projects, achieving an average draw turnaround of 2.4 days versus the industry 11 days. The company focused on customer value through expanded lending solutions including Construction Loan Administration, Home Builder and Commercial Finance, Project Monitoring, and Inspection Services, alongside new products like Built Pay. |
| Sep 2021 | Series D | TCV (lead); HighSage Ventures; Index Ventures; XYZ Venture Capital; Addition; Nine Four Ventures; Fifth Wall; Connor Theilmann; 9Yards Capital; Renegade Partners; Brookfield Growth | $125M | $1.5B | Built Technologies, a Nashville-based construction finance platform founded in 2015, raised $125 million in its Series D funding round on September 30, 2021, achieving a post-money valuation of $1.5 billion and unicorn status. The round was led by TCV, with participation from new investors Brookfield Technology Partners, 9Yards Capital, XYZ Venture Capital, and HighSage Ventures, alongside existing backers including Addition (Lee Fixel), Index Ventures, Canapi Ventures, GreenPoint Partners, Nine Four Ventures, Fifth Wall, Goldman Sachs, and Nyca Partners. The funding aims to support hiring, international expansion, development of next-generation payment capabilities, insurance and brokerage tools, and new products for property developers, homebuilders, contractors, and financial institutions. Built's platform modernizes money movement in construction by connecting lenders, developers, contractors, and other stakeholders to manage lending, compliance, AP/AR automation, payments, and insurance. By the time of the Series D, it had facilitated financing for over $135 billion in construction value across more than 200,000 projects, including commercial, homebuilder, land development, and residential. A later 2021 update reported 144% year-over-year growth in Total Construction Value managed, reaching $200 billion, with additions of 61 financial institutions, hundreds of contractors, 738,961 transactions, and 135,065 loans in process. The company doubled its headcount to 330 employees in 2021, planning similar growth in 2022, with a focus on international markets and debt funds. TCV's Woody Marshall and Addition's Lee Fixel joined the board. Built positions itself as a market leader disrupting construction finance, with plans to expand its Built for Lending suite and go-to-market efforts in the U.S. and Canada. Total funding raised through five rounds exceeded $289 million by end-2021. |
| Feb 2021 | Series C | Addition (lead) | $88M | - | Built Technologies is a Nashville-based fintech company providing construction finance software and payment technology, connecting lenders, developers, contractors, and other stakeholders in the $14 trillion global construction industry. Its platforms, including Built for Lending and Built for Construction, manage documentation, payments, lien waivers, and compliance, having financed over $68 billion in construction projects across more than 130,000 projects by early 2021. In February 2021, Built closed an $88 million Series C funding round led by Addition (Lee Fixel's fund), with participation from Canapi Ventures, Index Ventures, Goldman Sachs Investment Partners, Nyca Partners, Fifth Wall Ventures, Nine Four Ventures, and others including Jordan Park and the Witkoff Group, bringing total funding to over $137 million. The funds were allocated to expand the Built for Lending product suite, accelerate go-to-market efforts for U.S. and Canadian lenders, and invest in solutions for commercial owners, developers, homebuilders, and contractors. Later in 2021, Built raised additional capital totaling over $213 million across rounds, achieving a $1.5 billion valuation and unicorn status while managing over $200 billion in total construction value, doubling headcount to 330 employees, and launching Built Pay which processed several hundred million dollars monthly. A separate $125 million raise was noted, reaching unicorn status, but distinct from the February Series C. |
| Apr 2019 | Series B | Goldman Sachs (lead); Index Ventures; Nyca Partners; Canapi Ventures; Nine Four Ventures; Regions Bank | $31M | - | Built Technologies, founded in 2014 in Nashville, Tennessee, by CEO Chase Gilbert and Andrew Sohr, provides a cloud-based platform that digitizes and automates construction lending processes, including loan approval, draw disbursements, compliance, and reporting, offering real-time visibility to lenders, builders, and inspectors. The platform targets banks and non-bank construction lenders, streamlining manual processes in an underserved market. On April 25, 2019, Built announced a $31 million Series B funding round led by Goldman Sachs Investment Partners, with participation from existing investors Index Ventures and Nyca Partners, plus Regions Bank, Canapi Ventures, and Nine Four Ventures, bringing total funding to $55 million. The investment aimed to accelerate platform development to serve the full construction lending ecosystem and expand the client success team. At the time, Built had tripled its customer base since 2017 and helped lenders service over $24 billion in construction loans since its 2015 launch, with earlier mentions of $13 billion in 30 months by April 2019. Built is the only ABA-endorsed solution for construction lending technology. Later rounds included a Series D in September 2021 raising $125 million at a $1.5 billion valuation led by TCV, with total funding reaching $289 million by then, and the platform managing over $135 billion in construction value across 200,000+ projects. |
| Mar 2019 | Series B | - | $24M | - | Built Technologies, a Nashville-based fintech founded around 2014-2015, develops a construction finance platform that automates lending workflows including budget management, draw inspections, compliance, and risk analytics for commercial and residential projects. The platform helps lenders deploy capital efficiently, integrate with core systems, and provides insights for borrowers, owners, developers, and contractors. By September 2021, it had managed financing for over $135 billion in construction value across more than 200,000 projects. In 2019, Built closed a $31 million funding round led by Goldman Sachs. This followed an earlier Series A of $21 million in November 2017 led by Index Ventures and Nyca Partners. Subsequent rounds included a Series C of $88 million in February 2021 led by Addition, Index Ventures, and Goldman Sachs, and a Series D of $125 million in September 2021 led by TCV at a $1.5 billion valuation. The company has grown significantly, managing a quarter trillion dollars in real estate by March 2024, serving over 300 lenders, 46,000 borrowers, and 32,000 contractors as of March 2025. Built competes in construction tech with players like Handle, focusing on payments and liens, but offers a broader suite. Post-2019, it expanded into compliance, AP/AR automation, and portfolio analytics, with additional funding like $23.6 million Series D extension in July 2022 and strategic investments up to 2023, totaling around $290-312 million raised. |
| Nov 2017 | Series A | Index Ventures (lead); Nyca Partners; HDS Capital | $21M | - | Built Technologies is a Nashville, Tennessee-based FinTech company founded in 2014 that brings construction lending into the digital age through a technology platform serving banks and non-bank lenders. The company's platform streamlines construction loan origination and management processes that have historically relied on manual procedures, while providing transparency and efficiency to borrowers and lenders alike. In November 2017, Built announced a $21 million Series A funding round led by Index Ventures with participation from Nyca Partners, bringing total capital raised to $25 million. The company had achieved significant traction by this time, with more than triple the customer base since January 2016 and lenders using the platform to manage over $6.5 billion in construction loan volume within 30 months of launch. The capital was intended to accelerate innovation across residential and commercial construction lending, invest in data utilization, and expand integrations and partnerships with lending technology systems and industry service providers. Built would go on to achieve rapid growth, reaching a $1.5 billion valuation in September 2021 with its Series D round and becoming the market leader in construction finance technology. |
Who has invested in Built Technologies?
16 investors have backed Built Technologies across its funding rounds, including Index Ventures, Nyca Partners, Addition, Nine Four Ventures, Goldman Sachs and TCV.
Lead investors include TCV, Addition, Goldman Sachs and Index Ventures.
Built Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Nov 2017 | ||
| 2 | Participant | Nov 2017 | ||
| 2 | Lead | Feb 2021 | ||
| 2 | Participant | Apr 2019 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Lead | Apr 2019 | ||
| 1 | Lead | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Participant | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 16 Built Technologies investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Built Technologies
Built Technologies has acquired 2 companies to date.
Last acquisition by Built Technologies was on July 29th 2022. Built Technologies acquired Nativ for undisclosed valuation.
Latest Acquisitions by Built Technologies
| Description | Nativ is a New York-based B2B SaaS platform for commercial real estate finance workflow automation. Its flagship product Atlas integrates loan origination, servicing, reporting, and analytics for lenders managing billions in assets. Nativ serves over 50 CRE debt funds and banks with features like automated document generation and portfolio monitoring. The platform connects to systems such as Yardi and MRI Software, enabling real-time insights and compliance tracking since its 2020 launch. | lienwaivers.io is a U.S.-based digital platform for construction payments. It automates exchange of lien waivers, ACH transfers, W9 forms, and 1099s between contractors, subcontractors, and owners, operating in all 50 states to reduce disputes and paperwork. |
| HQ Country | ||
| HQ City | New York City, NY | Sioux City, IA |
| Deal Date | 29 Jul 2022 | 21 Jan 2020 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Built Technologies acquisitions and their M&A valuation multiples. Start Free Trial | ||
Built Technologies Competitors
Built Technologies competitors include listed companies like Shenzhen Kingdom Sci-tech and eFinance, and private ones like Snapdocs, Zest AI, Lumin Digital and Micro Connect.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $152M | - | $1.5B | 9.9x | ||
| Private | $38M | - | $1.5B | 39.5x | ||
| Publicly listed | $361M | ($15M) | $1.5B | 3.9x | ||
| Publicly listed | $130M | $67M | $1.6B | - | ||
| Private | - | - | $1.6B | - | ||
| Private | - | - | $1.7B | - |
Built Technologies Public Comps
Built Technologies is still privately-owned, but its public comps include Shenzhen Kingdom Sci-tech, eFinance, Pagaya, Yusys Technologies, Porch Group, Donnelley Financial Solutions, Aisino, Computer Age Management Services, Shenzhen Sunline and Optasia.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $361M | ($15M) | 4.0x | 3.9x | (96.0x) | 141.9x | |||
| $130M | $67M | 11.8x | - | 22.8x | - | |||
| $1.3B | $33M | 1.1x | 1.0x | 42.6x | 3.2x | |||
| $540M | $67M | 2.6x | 2.4x | 21.2x | 19.6x | |||
| $510M | $79M | 4.0x | 4.1x | 25.7x | 18.4x | |||
| $767M | $122M | 1.8x | 1.8x | 11.2x | 5.6x | |||
| $828M | ($46M) | 1.6x | - | (29.5x) | - | |||
| $158M | $74M | 11.2x | 10.5x | 23.8x | 23.0x | |||
This data is available for Pro users. Sign up to see all Built Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Built Technologies
| When was Built Technologies founded? | Built Technologies was founded in 2014. |
| Where is Built Technologies headquartered? | Built Technologies is headquartered in Nashville, TN, United States. |
| Is Built Technologies publicly listed? | No, Built Technologies is a private, VC-backed company. |
| What is Built Technologies' valuation? | Built Technologies was last valued at $1.5B in its undisclosed-stage round in July 2022. |
| How much funding has Built Technologies raised? | Built Technologies has raised $313M across 6 funding rounds. |
| What was Built Technologies' last funding round? | Built Technologies' last funding round was a $24M undisclosed-stage round in July 2022. |
| Who are Built Technologies' investors? | Built Technologies' investors include Index Ventures, Nyca Partners, Addition, Nine Four Ventures, HighSage Ventures, XYZ Venture Capital, Canapi Ventures, Goldman Sachs, TCV, Fifth Wall and 6 others. |
| What is Built Technologies' revenue? | Built Technologies' latest recorded revenue is $83M (July 2022). |
| What is Built Technologies' revenue multiple? | Built Technologies' latest valuation implies a 18.1x revenue multiple ($1.5B valuation on $83M of revenue). |
| Which companies are comparable to Built Technologies? | Companies comparable to Built Technologies include Snapdocs, Zest AI, Shenzhen Kingdom Sci-tech, eFinance, Lumin Digital and Micro Connect. |
| How many companies has Built Technologies acquired? | Built Technologies has acquired 2 companies, including Nativ and lienwaivers.io. |
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