Built Technologies raises capital to tackle construction lending

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Why we raised $21M to fix construction lending – In 2014 we set out to help banks and other lenders improve the way construction lending works with technology. After first-hand experience with the frustrations of managing residential, commercial, and land development construction loans, we knew that modern technology had to be introduced to improve this complex area of lending.

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Built Technologies, a construction lending fintech platform, has raised $55 million in funding through Goldman Sachs and a handful of investors including Regions Financial, the company said Monday. The Nashville, Tenn., company finished $31 million in series B funding through Goldman Sachs with the.

Launched in 2014 by CEO Chase Gilbert, the Nashville-based construction lending startup Built aims to improve the construction loan process for both residential and commercial construction. To that end, the company recently announced a $21M infusion of venture capital from San Francisco’s Index Ventures and Nyca out of New York City.

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Built Technologies, a Nashville, TN-based construction lending company, completed a $31m Series B financing round.

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Fintech construction company Built Technologies announced it raised $31 million its Series B financing round. The round, which brings Built’s total funding to $55 million, was led by a big name in capital: Goldman Sachs Investment Partners. The round also featured existing investors Index Ventures and Nyca Partners, as well as Regions Bank, Canapi Ventures.

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