Billd Secures $144 Million Financing Facility in Partnership with Atlas SP Partners

Austin-based Billd, a provider of financial solutions for commercial subcontractors, has secured a $144 million financing facility in partnership with Atlas SP Partners (ATLAS), the securitized products and warehouse finance arm majority owned by Apollo funds. This facility marks a milestone in the construction industry, representing the first institutional capital dedicated to addressing subcontractor working capital challenges.

The financing facility will allow Billd to expand its construction-specific financial solutions, which provide flexible options tailored to the unique cash flow needs of subcontractors. By mitigating the risks of upfront material costs and extended payment cycles, Billd’s products empower subcontractors to undertake projects with greater financial stability. The facility is also structured for future securitization, enabling Billd to scale operations to meet growing demand from the $1.5 trillion construction industry.

Founded in 2018, Billd has raised a total of $351.5 million across five funding rounds. The company’s patented financial products address systemic inefficiencies in construction payment cycles, positioning it as a leader in supply chain finance for subcontractors. With this partnership, Billd continues its mission to support subcontractors nationwide by providing the financial tools needed to grow their businesses effectively.