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Synopsis
Menlo Ventures, a venture capital firm, led a $15m Series A round in Siteline, an easy-to-use tool which allows contractors to compile accurate payment applications, manage compliance and lien waivers, and monitor payments, with participaiton from First Round Capital, Brick & Mortar Ventures, Designer Fund and South Park Commons Fund. “Getting paid in construction is a huge hassle, and that makes cash flow harder to manage. Growing up with a dad in construction, I've seen some of the industry's challenges and opportunities firsthand. That’s why our mission is to help contractors focus on building, not billing. Ultimately, we want to empower builders to make better business decisions, by transforming a painful payments process into a powerhouse of financial data,” Gloria Lin, Siteline Co-Founder and CEO.
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