Billd, a provider of financial solutions for commercial subcontractors, has announced the successful completion of a $17.5 million funding round. This strategic investment aims to enhance Billd's mission and strengthen its position in construction finance.

The company addresses the unique capital needs of subcontractors, who often face challenges within traditional financial systems. The new funding reflects confidence in Billd's potential to transform construction supply chain finance.

The investment round was led by LL Funds and MissionOG, with participation from RJT Credit, Ulysses Management, and HighSage Ventures. It marks the first involvement from MissionOG and HighSage Ventures. These firms are committed to supporting Billd's efforts to expand its financial solutions for the construction industry.

"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, commented on Billd’s impact: "Billd’s unique financial solutions enable subcontractors to grow their business instead of being held back by capital constraints."

The funding will allow Billd to enhance its product offerings and maintain its leadership in addressing subcontractor challenges.

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."