Billd, an Austin, Texas-based provider of material financing for commercial subcontractors, raised $30m in Series B funding.
The round was led by LL Funds, with participation from RJT Credit and Ulysses Management.
The company intends to use the funds to expand its product and technology offerings, continue to sign partnerships with the most widely used platforms in the construction industry, and add talent in order to scale its infrastructure.
Launched by industry veterans Chris Doyle and Jesse Weissburg, Billd provides contractors with upfront financing at 120-day terms. The company, which already works with thousands of contractors and suppliers across the U.S., has rapidly scaled since its launch in 2018 and has joined a select group of construction technology companies to surpass $100m in revenue.