Flashtract, an Atlanta, Georgia-based cloud-based software company that is dramatically improving billing and payments for construction projects, announced that it closed a $15 million Series A funding round led by Addition and Shine Capital.
Flashtract is a construction billing software that allows general contractors and subcontractors to effortlessly send and receive paperwork and payments.
Company: Flashtract Inc.
Round: Series A
Funding Month: January 2022
Lead Investors: Addition and Shine Capital
Company Website: https://www.flashtract.com/
Software Category: Construction management software
About the Company: Flashtract is a cloud-based software company that simplifies the billing and payment process for contractors. Flashtract is designed to track, manage and expedite payment applications, lien waivers, compliance requirements, change orders, and all other documents that keep construction projects running. Flashtract was built specifically for construction, which creates a level of focus and drive that has made the organization the fastest-growing billing solution in the industry. Since its launch in January 2020, Flashtract has experienced significant growth across the company, now employing 32 team members.