StageSeries D - II | Alive
Built is a construction lending software platform. It offers various solutions for construction portfolio administration such as asset management, loan management, payment management, and more. It was founded in 2014 and is based in Nashville, Tennessee.
Built's Product Videos
ESPs containing Built
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The construction finance platforms market is a space that has been slow to digitize and relies heavily on manual tracking and paper documentation. This market focuses on providing solutions to the problems faced by real estate developers and construction lenders, such as disconnected spreadsheets, scattered documents, and human error. The platforms in this market aim to increase efficiency by auto…
Built named as Leader among 8 other companies, including Newforma, Touchplan, and RedTeam Software.
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Built's Products & Differentiators
Built Platform: Construction Loan Administration (CLA)
The Built Platform offers construction project stakeholders a centralized platform combining payments, management, logistics, lien waivers, compliance, and more. The platform’s primary goal is to alleviate the stress of construction payments, while simplifying the traditionally-complex data entry, management and documentation processes that construction is notorious for.
Research containing Built
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CB Insights Intelligence Analysts have mentioned Built in 4 CB Insights research briefs, most recently on Oct 6, 2021.
Jul 29, 202065+ Startups Changing The Construction Industry
Expert Collections containing Built
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Built is included in 7 Expert Collections, including Construction Tech.
Companies using technology to improve processes in the construction industry.
Real Estate Tech
Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et
Unicorns- Billion Dollar Startups
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Job Site Tech
Companies offering tech solutions for the future of the job site for industries like construction, mining, discrete and process manufacturing, oil & gas, forestry, and more
Built has filed 50 patents.
The 3 most popular patent topics include:
- Geographic information systems
Sensors, Topography, Geographic information systems, Construction equipment, Cartography
Sensors, Topography, Geographic information systems, Construction equipment, Cartography
Latest Built News
Apr 19, 2023
Built Technologies – one of the fastest-growing construction and real estate software providers in the U.S. – announced it has received a strategic investment from Citi through its SPRINT program. Citi SPRINT (Spread Products Investment Technologies), which is the strategic investing arm of Citi’s Global Spread Products division (GSP), is part of Citi Institutional Strategic Investments (ISI). Built plans to use the investment to accelerate its growth in commercial real estate (CRE) asset management and enable further operational and technological enhancements. And through the utilization of Built’s platform, Citi will have the opportunity to introduce digitization solutions to other lenders, developers, and borrowers in the ecosystem. Citi Community Capital, another business in GSP, offers a suite of financial products to help affordable housing developers construct, rehabilitate, refinance, and acquire multifamily affordable housing across the country. And it has been recognized as the number one affordable housing lender in the United States, according to Affordable Housing Finance magazine’s annual ranking, for twelve consecutive years. Built Technologies’ software platform streamlines the construction loan administration process by simplifying the management of funds and documentation, allowing lenders to administer their construction loans more efficiently. And the company’s technology enables faster funding decisions and draws while providing real-time transparency and visibility into the status of construction projects through Built’s CRE data model. Over 250 banks and private capital providers use Built’s cloud-based solution to create a centralized system of record and accelerate the flow of capital from lenders to borrowers, contractors, and vendors. KEY QUOTES: “The investment from Citi SPRINT opens a new market opportunity for Built to gain traction with one of the largest U.S. financial institutions in the real estate industry. Citi SPRINT’s investment is a testament to Built’s vision and the value Built delivers to its customers. The investment presents a unique opportunity, and one that will further accelerate our market reach.” – Chase Gilbert, CEO and Co-founder of Built “GSP consistently seeks to drive value and enhance our client experience through innovative digitalization efforts with industry-leading software providers. Our investment in Built Technologies extends this commitment by helping to further modernize our Financing and Securitization franchise. With this partnership, we seek to cultivate higher standards of service for our clients and the broader market.” – Mickey Bhatia, Head of Global Spread Products at Citi “Citi Community Capital is pleased to work with Built on enhancing Citi’s existing technology to better manage commercial real estate draws, expedite loan management reporting, and improve borrower experience.” – Jeremy Johnson, Co-Head of Citi Community Capital “Built has achieved strong growth due to its ability to help lenders achieve efficiencies, expedite revenue generation, and serve their customers more effectively. By investing in Built and bringing their innovative solutions to Citi, we empower Citi Community Capital and other CRE lending businesses to grow faster and serve clients better.” – Katya Chupryna, Director, SPRINT
Built Frequently Asked Questions (FAQ)
When was Built founded?
Built was founded in 2014.
Where is Built's headquarters?
Built's headquarters is located at 635 Grassmere Park, Nashville.
What is Built's latest funding round?
Built's latest funding round is Series D - II.
How much did Built raise?
Built raised a total of $291.74M.
Who are the investors of Built?
Investors of Built include Citi SPRINT, Canary Ventures, Index Ventures, Addition, Fifth Wall and 21 more.
Who are Built's competitors?
Competitors of Built include Billy and 5 more.
What products does Built offer?
Built's products include Built Platform: Construction Loan Administration (CLA) and 4 more.
Who are Built's customers?
Customers of Built include First National Bank.
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