Funding Billd Raised $100M That Isn't Equity — and the Pitch Is That Subcontractor Cash Flow Is an Asset Class Announced 5 November from Austin and Chicago: a $100 million credit facility from Victory Park Capital, to expand working-capital financing for commercial construction subcontractors. The release names no terms, no volume financed and no customer count. What it does carry is a claim about what Billd thinks it has built — eight years of pioneering construction working capital 'as an asset class' — and that claim is the actual news. Hugo Pegley · Nov 13, 2026
