Construction Tech Startup zlien Raises $1.3 Million to Tackle Lien Waivers

Funding Rounds

▤ Summary

Current exchange processes are inefficient and paper heavy, and the complexities associated with lien waiver transactions slow down payments and expose companies to expensive risks. The construction technology industry has been exploding recently with the emergence of job site apps and project management platforms, and now lien waivers finally have their solution." Over 10,000 users - including Fortune 500 company ThyssenKrupp Elevator Corporation, GrayBar, and L&W Supply - use zlien to secure payment by sending, filing, and tracking mechanics lien-related documents with ease and confidence. "Exchanging and collaborating on lien waivers is a choke point for construction payments," said Wolfe, "and were really excited to work with Brick & Mortar to solve this problem for the industry." Users include ThyssenKrupp Elevator Americas, Graybar Electric, TruTeam, USG Corporation, Belfor USA, and other highly successful Fortune 500 companies in the construction industry.

$ Funding

$
Amount $1.3M Total raised
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Date May 14, 2016 Announcement date
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Investors - Lead investors
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Company http://www.zlien.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Construction Software Financial SaaS Payment Management Software

▦ Linked Companies

Levelset
$1M to $5M