LL Funds
2400 Market Street, Suite 302, Philadelphia, PA, 19103, United States
Overview
Founded in 2009, LL Funds, LLC is an SEC registered independent investment firm focused on investing in asset-backed securities (ABS) and specialty consumer finance companies who rely on the ABS marketplace for growth and success.
- Total investments
- 13
- Lead investments
- 9
- Investments · 12mo
- 1
- Active investors
- 2
Sector focus
- Banking
- Consulting
- Financial Services
- Venture Capital
Investment portfolio
- Quantum
Participated · Equity · Nov 2025
Quantum Lending Solutions, formed two years ago through the merger of Fundation, Camino Financial and the SMB team of Amount, offers an AI-driven platform that improves credit decisioning and loan servicing for partner banks and marketplaces. The machine-learning models reduce risk and enable responsible, long-term loans to small and mid-sized enterprises. Since inception, the company says it has doubled its loan originations, cut credit losses by more than 50 %, and tripled overall lending capacity. Prior to the latest round, Quantum had secured over $50 million in equity. The freshly raised capital will fund further scaling of the platform and meet growing customer demand. CEO Mickey Konson anticipates accelerated adoption as lenders seek AI-enabled solutions. Macquarie Capital acted as the company’s financial advisor. Quantum is headquartered in Reston.
- Billd
Led · Equity · Oct 2024
Founded in 2018 and headquartered in Austin, Texas, Billd delivers financing and payment products tailored to commercial subcontractors who struggle with the industry’s notoriously long and unpredictable payment cycles. The company offers working-capital lines for materials and labor and employs a patented analytics and financing methodology to stabilize subcontractor cash flow. Billd’s platform has become a go-to resource for subcontractors seeking flexible credit and payment predictability, and the firm says it is nearing a $1 billion funding milestone delivered to customers. With the fresh capital, Billd plans to launch Predictable Pay, an early-pay program developed with general contractors that provides subcontractors with faster, more certain payouts. The company positions itself as a champion for subcontractors, using fintech tools to mitigate cash-flow instability and enable business growth. No revenue or user counts were disclosed in the article, but the new funding underscores investor confidence in Billd’s traction within construction finance.
- Picket
Led · Series B · Jun 2023
Picket offers an end‑to‑end platform that combines proprietary data, analytics, workflow automation, and integrated realty and property management services for single‑family rental (SFR) investors. The platform analyzes supply and demand across more than 25 rental markets and automatically evaluates over 50 million single‑family properties, providing rental and sale valuations, modeled expenses and returns, and neighborhood‑level data. Picket’s teams support the full lifecycle of SFR assets while residents of Picket‑managed homes receive digital leasing, smart‑home technology, online bill pay and work‑order management, a dedicated resident services team, and a custom mobile app. The company says it helped clients invest more than $270 million in single‑family rentals last year. Picket is expanding its product and services reach from predominantly institutional clients to individual investors to broaden access to its market data and automated investment analysis. The company plans to use new funding to accelerate innovation and expand technology‑enabled services for both investors and rental residents.
- Freemodel
Participated · Series A · Jan 2023
Freemodel partners with real estate agents to design, manage and pre-pay clients' home renovations, with homeowners repaying Freemodel out of escrow once the home sells. The company deploys local Project Directors who bring regional expertise to streamline renovation projects for realtors and sellers. Freemodel requires no credit checks and applies no pre-determined project budget caps, allowing homeowners greater flexibility to maximize returns. It currently covers 90% of the California real estate market and works with over 60 leading brokerages. The company plans to use new funding to expand into Texas and Florida in Q1 2023 and to continue developing its proprietary technology platform. Freemodel launched in 2020 and is led by CEO John Garner.
- Poplar Homes
Led · Series B · Mar 2022
Poplar Homes is a technology-powered, full-stack property management company that empowers both property owners and renters throughout their real estate journey. Led by CEO Greg Toschi and based in Cupertino, CA, its platform enables renters to get approved, view available properties, and rent online, while providing tools for paying rent and requesting maintenance. For property owners, Poplar simplifies maintaining and operating rental homes. The company has completed nine acquisitions of property management firms across multiple high-growth U.S. markets, with acquired portfolios ranging from 200–1,000 doors. Today Poplar manages more than 7,500 doors and employs a global workforce of 244 people. It operates in California, Washington, Colorado, Nevada, Texas, Missouri, and North Carolina. The company intends to use new funding to make strategic hires and pursue further acquisitions to drive growth. OneRent provides residential rental and property-management services for small to mid-size buildings. Launched in January 2016, the company manages properties for more than 500 real estate investors and property owners with buildings from 1 to 50 units. Its core offering is end-to-end property management for owners of 1–50 unit buildings. The company plans to expand into multiple new markets in 2016, including Los Angeles (Santa Monica, Hollywood, Venice, Marina del Rey), San Diego, Portland, Sacramento, Washington, DC, and Boston. OneRent also intends to use funds to hire talent with a specific focus on engineering, operations, and sales. The company recently closed a $4M Series A to support those expansion and hiring plans. OneRent is a San Jose, CA-based provider of residential rental services that aims to simplify and improve the rental experience between renters and owners. Led by co-founder and CEO Greg Toschi, the company offers a platform that manages the entire rental lifecycle, including showings, lease signings, rental payments and property maintenance. OneRent raised $1.5M in seed funding to support its growth. The company said it will use the funds to expand operations beyond the San Francisco Bay Area; the service currently serves the San Francisco Bay Area and Seattle and plans further geographic expansion. Prominent backers in the round include Jeff Dean, Michael Zee, Chris Chin, Jonathan Manson and Andrea Zurek.