Built Technologies, a Nashville based startup, just raised a series B round of $31M led by Goldman Sachs.
“We started Built with the desire to bring modern technology and risk management to an area of lending that has been underserved for too long,” said Chase Gilbert, CEO and co-founder at Built. “Our platform is now used by thousands of stakeholders in the construction ecosystem to help ensure money moves into projects with less risk, maximum efficiency, and unrivaled borrower and builder experience.”
The company is an enterprise technology company that provides secure, cloud-based construction lending software active in Nashville since 2014.
According to the press release, Goldman Sachs sees major potential in the company’s growth trajectory. “Built’s technology platform has demonstrated a strong value proposition to borrowers and lenders alike by streamlining the overall construction loan process, while at the same time increasing transparency,” said Christopher Dawe, co-head of Goldman Sachs Investment Partners Venture Capital and Growth Equity team. “We are excited to partner with Built and help the company maintain its leadership position within the industry.”
The company plans to use the money to better serve the construction lending ecosystem, and expand its client success organization.
Built has raised a total of $55 million to date.