Build Technologies
635 Grassmere Park, Nashville, TN, 37211, United States
Overview
Built Technologies is an enterprise technology company that provides cloud-based construction lending software. Its collaboration software brings the draw management process online and helps reduce construction loan risk, increases loan profitability, transforms the borrower experience, and simplifies compliance. The company was founded in 2014 and is headquartered in Nashville, Tennessee.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Commercial Lending
- Construction
- Financial Services
- FinTech
- Lending
- SaaS
Investment portfolio
- DigiBuild
Participated · Seed · Jul 2022
DigiBuild offers a suite of digital project management and supply chain tools, including a large supplier database and blockchain-backed single source of truth for construction workflows. Its supplier database (free for suppliers) emphasizes minority- and women-owned firms and environmentally friendly products. The platform integrates ChatGPT to surface contextual information across suppliers, materials, specification books, schedules, and budgets. Leadership says the product has produced measurable savings—one customer saved $600,000 and 600 hours on an 80,000-square-foot project—and has attracted clients such as Brasfield & Gorrie, JR Hospitality, and Baywood Hotels. DigiBuild has 15 employees and participated in Y Combinator. The company plans to scale across the U.S. and internationally, build out its supplier database, onboard more customers, and announce additional investments and larger project participation. DigiBuild builds a blockchain-based platform to digitize construction processes, with a primary product called DigiProcure for material management and procurement. DigiProcure automates administrative processes, lets contractors search, filter, and compare project timeline data, and aims to reduce waste and fraud through advanced data insights. The blockchain layer creates a single source of truth to improve collaboration across parties that otherwise maintain multiple versions of paperwork. The company plans to use new funding to expand product and technical capabilities, improve sales and marketing, and grow its contractor customer base. DigiBuild is remote-first with headquarters in Miami and currently has nine full-time employees; it intends to hire a business development manager, preferably Miami-based.