Built Technologies, a Nashville, TN-based construction lending company, completed a $31m Series B financing round.
The round, brought total funding to $55m, was led by Goldman Sachs Investment Partners, with participation from existing investors Index Ventures and Nyca Partners, as well as Regions Bank, Canapi Ventures and Nine Four Ventures.
The company intends to use the funds to accelerate development of its platform and to continue to expand its client success organization.
Founded in 2014 by Chase Gilbert, CEO and co-founder, Built provides a technology platform that gives commercial and consumer construction lenders the insight they need to improve decisions and speed the flow of capital through the entire construction ecosystem.The platform has allowed lenders service more than $24 billion of construction loans since its launch in 2015.
Since 2017, the company has tripled its customer base, which includes a number of banks and other key non-bank construction lenders.