zlien, a New Orleans-based lien rights management platform, raised $1.3m in funding.
The round was led by Brick & Mortar Ventures.
Led by CEO Scott Wolfe, zlien provides a cloud-based platform that allows construction firms, material suppliers, equipment renters, and other project stakeholders nationwide to manage their mechanics lien rights, eliminate the administrative burdens and legal guesswork associated with lien waivers exchanges, preliminary notices, and mechanics lien compliance.
In conjunction with the funding, zlien released a new waiver exchange tool which enables people in the construction industry – from property owners and lenders to general contractors and subcontractors to material suppliers and equipment renters – to electronically sign, exchange, and collaborate on lien waivers.
Users include ThyssenKrupp Elevator Americas, Graybar Electric, TruTeam, USG Corporation, Belfor USA, and other Fortune 500 companies in the construction industry.