Handle.com Raises $10M Series A to Power Payment Compliance for the Construction Industry

As one of the sectors expected to see a ripple effect as a result of the bipartisan infrastructure bill, construction currently faces dramatically rising Day Sales Outstanding (DSOs). Long payment cycles, compliance, trade credit, and deep layers between providers and payers create a complicated environment for suppliers and contractors - often leading to project delays. “We’ve been closely monitoring the construction software space because we know how important this sector will be in the buildout of renewable energy infrastructure – which will require a $4 trillion investment over the next several years. Handle’s software automation tools help with manual and repetitive tasks associated with late payments within construction such as lien management, owner verification, deadline tracking, RFI, enhanced waiver processes, and much more. With an unmatched depth and breadth of industry and operational expertise, Energize works in partnership with its portfolio companies to realize their full potential from early commercialization to growth scaling and into the public markets.