Total amount raised
$312.7 Millions
Latest funding date
Location
Built Technologies has successfully raised significant funding over multiple rounds, establishing itself as a key player in the real estate technology sector. The platform offers a suite of tools designed to streamline construction loan administration, deal management, project financials, and payment management.
Keep reading to explore the intricacies of Built Technologies' fundraising journey and the investors backing this innovative platform.
What Is Built Technologies?
Built Technologies is a cloud-based platform designed to streamline and simplify business processes in the real estate industry. The company offers various tools for financing, developing, building, and managing real estate assets.
They provide solutions for construction loan administration, deal management, project financials, and payment management. Their platform helps users manage budgets, streamline payment processes, and gain insights into their real estate projects.
Unfortunately, the specific information regarding the founding year, location, founders' names, and number of employees was not found in the provided sources.
How Much Funding Has Built Technologies Raised?
- Series A
- Amount Raised: $21M
- Date: November 2017
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market reach and enhance its product offerings.
- Series B
- Amount Raised: $24.1M
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development of new features.
- Series B
- Amount Raised: $31M
- Date: April 2019
- Lead Investors: Goldman Sachs Investment Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market presence.
- Series C
- Amount Raised: $88M
- Date: February 2021
- Lead Investors: Addition
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities.
- Series D
- Amount Raised: $125M
- Date: September 2021
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's capabilities and market reach.
- Private Equity Round
- Amount Raised: $23.6M
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic growth initiatives and technological advancements.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: April 2023
- Lead Investors: Citi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth in commercial real estate asset management and enhance operational capabilities.
Total Amount Raised: $312.7M
Current Valuation: Not publicly disclosed
Key Investors
The major investors in Built Technologies include:
- Citi
- Details: Citi is a global financial services company providing a wide range of financial products and services to corporations, governments, investors, institutions, and individuals. Citi's SPRINT program focuses on investing in innovative fintech companies.
- Investment Focus Areas: Financial services, fintech, digitalization
- Notable Investments: Not publicly disclosed
- TCV
- Details: TCV is a leading provider of growth capital to technology companies. They have a history of investing in high-growth companies and helping them scale.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Netflix, Facebook, Spotify
- Addition
- Details: Addition is a venture capital firm that invests in early and growth-stage companies. They focus on partnering with visionary entrepreneurs.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Not publicly disclosed
- Goldman Sachs Investment Partners
- Details: Goldman Sachs Investment Partners is a division of Goldman Sachs that focuses on private equity and venture capital investments. They have a strong track record in supporting innovative companies.
- Investment Focus Areas: Financial services, technology, healthcare
- Notable Investments: Uber, Spotify, Dropbox
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies. They have a strong presence in both Europe and the United States.
- Investment Focus Areas: Technology, software, e-commerce
- Notable Investments: Dropbox, Slack, Etsy
What's Next for Built Technologies?
Built Technologies stands at the cusp of significant growth, driven by its recent strategic investment from Citi. This partnership opens doors to new market opportunities, particularly in commercial real estate asset management. The collaboration aims to introduce Built's digitization solutions to a broader audience, including other lenders, developers, and borrowers, enhancing operational and technological capabilities.
Future fundraising opportunities appear promising, as the strategic backing from a major financial institution like Citi positions Built Technologies favorably for attracting further investments. However, the company may face challenges in scaling its platform to meet the demands of a larger market and maintaining its pace of innovation to stay ahead of competitors.
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