Built Technologies, the fastest growing construction and real estate finance platform in the United States, was nominated to the first SMBTech 50 List, which recognizes innovative technology solutions for small and mid-sized enterprises in various sectors. The list, created by venture capital firm GGV Capital and business information platform Crunchbase, honors rising stars in SMB technology.
“We’re solving the cash flow problem across this $1.6 trillion US sector between lenders, developers, general contractors, sub-contractors and suppliers by moving money quickly in a secure and compliant way, This award honors our team’s hard work creating a construction finance platform that helps some of the nation’s top financial institutions and the small and mid-sized developers and contractors responsible for building the communities around us.”
Chase Gilbert, CEO and Co-founder, Built
The SMBTech 50 list includes 50 early and late-stage companies that have raised a combined $10 billion in funding, with 75% raising capital in the last 12 months. For example, in September 2021, Built raised a $125 million Series D round at a valuation of $1.5 billion.
Built's platform was utilized to manage moreover $200 billion in money for lenders and borrowers during the last fiscal year, including approximately 135,000 active projects and 400,000 draw disbursements. Visit getbuilt.com to learn more about how Built facilitates money flow throughout the construction and real estate ecosystem.