Billd, a provider of financial solutions for commercial subcontractors, has announced a $17.5 million investment round aimed at accelerating growth and expanding its product offerings. The funding will support Billd's mission to drive innovation in construction finance.

The company aims to address the financial challenges faced by subcontractors by offering access to working capital tailored for the construction industry. This latest investment is seen as an endorsement of Billd's potential to transform construction supply chain finance.

The funding round was led by LL Funds and MissionOG, with participation from RJT Credit, Ulysses Management, and HighSage Ventures. Notably, this is the first time MissionOG and HighSage Ventures have invested in Billd. These firms are committed to supporting Billd’s expansion of financial solutions within the construction sector.

"This investment represents a significant milestone for Billd," stated CEO Chris Doyle. "Our investors understand the complexities our customers face and share our commitment to empowering subcontractors."

Raj Mundy, partner at LL Funds, remarked on Billd's impact: "Billd’s unique financial solutions enable subcontractors to grow their business instead of being held back by capital constraints."

The new funding will allow Billd to enhance its product suite and maintain its position as a leader in addressing subcontractor needs.

Andy Newcomb, managing partner at MissionOG, expressed enthusiasm about partnering with Billd: "We are impressed with Billd’s reputation within its core market...and the fantastic growth opportunity."

Chris Doyle reiterated the company's dedication: "We are more committed than ever to our role as Champion of the Subcontractor."