Construction is one of the largest industries in the world. Trillions of dollars move through it every year to build homes, hospitals, warehouses, roads, power plants, and data centers that power the global economy.
Yet despite its scale, many of construction’s most critical financial workflows still operate through fragmented systems, emailed PDFs, spreadsheets, phone calls, and manual coordination.
Every payment in construction carries layers of complexity: lien rights, waiver exchanges, project-level billing, retainage, compliance deadlines, conditional documentation, multi-party approvals, and collections workflows that generic financial software was never designed to handle.
For decades, construction companies were forced to stitch together disconnected point solutions and manual processes to manage these workflows.
That is now beginning to change.
Handle.com, founded in 2018 by Patrick Hogan, Blake Robertson, Lucas Azevedo and Chris Woodard, today announced a $27 million Series B financing round to accelerate its mission of building the financial infrastructure for construction.
The round was led by Marbruck, with participation from existing investors including Energize Capital, Suffolk Technologies, Liquid 2 Ventures, RXR, and a new strategic investment from WEX.
The financing will support continued investment across Handle’s payments infrastructure, compliance automation systems, AI-driven workflow products, collections platform, and broader financial operations infrastructure purpose-built for construction.
“Construction is one of the largest and most operationally complex industries in the world, but the financial systems powering it have historically been underserved,” said Patrick Hogan, co-founder and CEO of Handle. “We believe the future of construction finance will be powered by connected software infrastructure designed specifically for the way construction actually works.”
Construction Finance Is Fundamentally Different
Unlike traditional industries, construction financial workflows are deeply interconnected.
Invoices are tied to projects. Payments often require waivers. Compliance requirements vary by state. Deadlines can determine whether rights are protected or lost. Partial payments, retainage, disputed balances, and multi-tier payment chains create operational complexity that most generic financial tools were never built to support.
As a result, many suppliers, contractors, distributors, and finance teams still rely heavily on manual workflows to manage billions of dollars in receivables and payment risk.
This complexity becomes even more challenging at enterprise scale, where teams often manage thousands of projects, customers, invoices, compliance requirements, and payment workflows simultaneously across multiple states and business units.
Handle was built specifically to solve these challenges.
From Compliance Workflow To Financial Platform
Handle began by helping construction companies manage lien rights, notices, and compliance workflows. Areas that historically required significant manual coordination and carried enormous financial risk if handled incorrectly.
Over time, the company expanded into waiver management, helping suppliers and contractors streamline one of construction’s most time-consuming operational bottlenecks.
As customers increasingly relied on Handle to manage both compliance and documentation workflows, a larger opportunity became clear: the workflows surrounding payments, waivers, invoices, receivables, and project financial coordination were all deeply connected.
Rather than treating them as separate systems, Handle began building a unified platform designed specifically around how money moves throughout construction.
Today, Handle powers workflows across:
- Lien and notice management
- Waiver management
- Payment and invoice workflows
- Compliance automation
- Collections and receivables operations
- Project and customer risk visibility
- Financial operations infrastructure
The company now supports billions of dollars in construction transactions and works with some of the largest suppliers, distributors, and construction finance teams in the industry.
Customers of Handle include companies such as Ferguson, The Home Depot/SRS/GMS, Cemex, ABC Supply, Floor & Decor, EquipmentShare, US LBM, Herc Rentals, WillScot, Heidelberg Materials and many more.
Over the last six months, Handle has almost doubled its contracted ARR bookings as enterprise construction suppliers and contractors increasingly adopt connected financial infrastructure purpose-built for the industry.
To date, Handle has more than $160B+ in construction invoices and financial workflows across its platform.
Building The Financial Infrastructure Layer For Construction
(Illustrative AI-generated rendering. Depicted equipment, placements, and site details are conceptual and not intended to represent any specific project or operational relationship. Logos shown represent real Handle customers.)
Handle believes construction is entering a broader modernization cycle.
Across the industry, enterprise suppliers and contractors are increasingly replacing fragmented workflows with connected systems that provide visibility, operational control, and financial intelligence.
At the same time, AI is accelerating the need for structured operational data and unified financial workflows.
Unlike generic financial software providers, Handle’s platform is built around the operational realities of construction finance. Where invoices, payments, compliance requirements, project data, lien rights, and documentation workflows are deeply interconnected.
As more workflows move onto the platform, Handle believes its proprietary construction data graph will become a foundational layer powering AI across the construction industry.
“Construction doesn’t just need another generic payments tool,” said Patrick Hogan. “It needs infrastructure designed specifically for project-based financial workflows, compliance requirements, and the realities of how construction companies actually operate.”
Accelerating The Next Phase Of Growth
Handle plans to use the new financing to expand its platform capabilities across payments, receivables automation, AI-powered workflow systems, and broader financial operations infrastructure.
The company will continue investing in:
- Embedded financial workflows
- Construction-specific payments infrastructure
- Automated compliance systems
- AI-driven operational intelligence
- Enterprise integrations
- Expanded financial coordination tools for suppliers and contractors
Handle’s long-term vision is to become the system powering how money moves throughout construction.
That means building software infrastructure that connects compliance, payments, documentation, receivables, and financial operations into a unified platform purpose-built for the construction industry.
As construction continues its digital transformation, Handle believes the future of construction finance will be increasingly connected and infrastructure-driven.
And the company intends to help build that future.