Billd secures $100 million credit facility

Billd , an Austin-based provider of financing for commercial construction subcontractors, secured a $100 million credit facility from Victory Park Capital.

The facility will support Billd’s growth and expand financing for subcontractors that must pay for materials and labor before receiving payment from general contractors.

Founded in 2018, Billd offers working capital products designed around construction payment cycles. Its offerings include material financing, advances against approved invoices and flexible credit lines.

Victory Park Capital specializes in private credit and asset-backed finance. The Chicago-based firm became a majority-owned affiliate of Janus Henderson Group in 2024.

When it comes to insurance, Billd’s website says it launched insurance products for commercial subcontractors in 2022, but does not identify the products, carrier partners or their current availability.