Handle.com Raises $27M Million Series B to Build AI

Handle plans to use the funding to grow its platform from a compliance and payments solution into a broader financial operations platform for the construction supply chain. The investment will also help expand the company’s market reach and product offerings.

Handle helps construction companies automate payment tracking, invoicing, and lien management through a single platform. The company now manages more than $160 billion in construction invoices and has doubled its revenue over the past six months. Its customers include Ferguson, The Home Depot, Cemex, ABC Supply, and EquipmentShare.

Handle originally started by helping construction companies manage lien rights, notices, and compliance tasks, which were often manual and carried major financial risks if mistakes were made.

The company later expanded into waiver management, making it easier for suppliers and contractors to handle one of the construction industry’s most time-consuming processes.

As more customers used Handle for compliance, and documentation workflows, the company recognized that payments, waivers, invoices, receivables and project financial coordination were all closely connected.

Over the past six months, Handle has nearly doubled its contracted annual recurring revenue (ARR) bookings as more large construction suppliers and contractors adopt its industry-focused financial infrastructure platform.

Unlike general financial software providers, Handle built its platform specifically for the needs of construction finance, where invoices, payments, compliance, project data, lien rights, and documentation are all closely connected.

As more financial and operational workflows move onto the platform, Handle believes its proprietary construction data network could become a key foundation for AI-powered tools across the construction industry.

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“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.”

“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.”

About Handle.com

Founded in 2018 by Patrick Hogan, Chris Woodard, and Blake Robertson, Handle provides an end to end software platform for construction payments and lien management. The platform is designed specifically for material suppliers and equipment dealers, helping credit and finance teams manage online payments, compliance, and lien processes more efficiently. Many Fortune 500 suppliers and contractors use Handle’s software in their daily operations.

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