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TCV led a $125m Series D round in Built Technologies.

Financials

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Transaction Value£92m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

construction platform

Domestic

Single Bidder

Venture Capital

Completed

Construction Services

Acquisition

Friendly

Minority

United States

Private Equity

Synopsis

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TCV led a $125m Series D round in Built Technologies. Additional investors included Brookfield Technology Partners, 9Yards Capital, XYZ Venture Capital, HighSage Ventures, Lee Fixel, Index Ventures, Canapi Ventures, GreenPoint Partners, Nine Four Ventures, Fifth Wall, Goldman Sachs, and Nyca Partners. “As a result of our continued growth and commitment to the construction industry and the capital providers fueling it, we have experienced a significant amount of demand from the investor community. As a leading platform focused on modernizing money movement and improving financial outcomes in construction, we are excited to use this investment from TCV and others to extend our capabilities and drive an even bigger impact," Chase Gilbert, Built CEO.

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