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Built, founded in 2014 and headquartered in Nashville, Tennessee, is a leading provider of construction finance technology and real estate finance technology. The company offers a centralized platform for construction loan administration, real estate asset management, project financials, and payment management, aimed at increasing efficiency and collaboration among stakeholders in the construction industry, real estate development, and financial institutions.
Since its inception, Built has demonstrated significant growth and attracted substantial investment. The company has raised a total of $291.74 million across multiple funding rounds, with its most recent Series D-II round in April 2023 valuing the company at approximately $1.47 billion. This impressive valuation reflects the strong market position and potential of Built's innovative solutions in the construction finance technology sector.
Built's success is further evidenced by its high Mosaic Score, with particularly strong ratings in the market (800) and money (842) categories. The company's leadership team includes experienced professionals such as CEO Chase Gilbert and CTO James Chen, who bring valuable expertise from companies like Amazon and Flexport.
While there is currently no concrete information available regarding Built's IPO prospects, the company's strong financial backing, innovative technology solutions, and impressive growth trajectory position it as a potentially attractive candidate for going public in the future. However, it's important to note that any discussion of a potential IPO for Built remains speculative at this time, and the company has not made any official announcements regarding plans to go public.
Investors interested in the construction finance technology sector should keep an eye on Built's progress and any future announcements regarding its funding or potential public offering plans. As always, it's crucial to conduct thorough research and consider various factors before making any investment decisions.
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While Built's IPO timeline remains uncertain, investors interested in the construction technology sector don't have to wait on the sidelines. At Linqto, we offer accredited investors the opportunity to access interests in promising private companies like Built before they go public. Our platform allows you to diversify your portfolio with pre-IPO investments in potential industry leaders, with lower minimum investments than traditional private equity opportunities. By investing early through Linqto, you could potentially benefit from Built's growth and innovation in the construction tech space, even before it hits the public markets.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.