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Sept. 30, 2021, 9:00 a.m. EDT

Built Technologies valued at $1.5 billion in venture round

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By Steve Gelsi

GS

Built Technologies said Thursday it secured $125 million in Series D financing in a deal that values the Nashville-based construction finance technology company at $1.5 billion. TCV led the round, along with Brookfield Technology Partners, 9Yards Capital, XYZ Venture Capital and HighSage Ventures. Built Technologies CEO Chase Gilbert said the company drew strong interest from investors. Woody Marshall, lead investor at TCV and a new board member at Built Technologies, said the company "has achieved broad market penetration in the notoriously tough construction finance space." At last check, the company has financed more than $135 billion in construction value since it launched in 2015. Existing investors Addition, Index Ventures, Canapi Ventures, GreenPoint Partners, Nine Four Ventures, Fifth Wall, Goldman Sachs /zigman2/quotes/209237603/composite GS -0.66% and Nyca Partners also took part in the latest investment round.

/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 376.48
-2.51 -0.66%
Volume: 2.48M
Dec. 1, 2021 4:00p
P/E Ratio
6.21
Dividend Yield
2.12%
Market Cap
$127.55 billion
Rev. per Employee
$1.31M
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