Nashville-based information technology and information services company Built Technologies has secured $31 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 29 and led by Goldman Sachs Investment Partners.
According to its Crunchbase profile, "Built is the leading provider of secure, cloud-based construction lending software. Built's collaboration software brings the draw management process online and helps reduce construction loan risk, increases loan profitability, transforms the borrower experience and simplifies compliance. Built serves small, regional, and national lenders coast-to-coast."
The five-year-old company has raised two previous funding rounds, including a $24 million Series B round earlier this year.
The round brings total funding raised by Nashville companies in information technology over the past 90 days to $57 million. The local information technology industry has seen five funding rounds over the past year, yielding a total of $58 million in venture funding.
In other local funding news, advertising company JumpCrew announced a $7.2 million Series B funding round on May 16.
According to Crunchbase, "JumpCrew is a revenue-driven team of experts in the business of client acquisitions. Focused solely on helping our clients acquire new customers in the most efficient ways possible, JumpCrew is dedicated to helping businesses accelerate their success. JumpCrew is the leading acquisition marketing platform focused on integrating digital technology and sales solutions."
Founded in 2016, the company has raised two previous rounds, including a $5.4 million Series A round in 2018.
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