The round was led by Updata Partners, with participation from existing investors including MATH Venture Partners, which led Built In’s previous two funding rounds.
Founded in 2011, Built In helps more than 1,800 customers connect with over 1 million technology professionals each month. The company will use the funding to double its headcount at its Chicago headquarters, as well as expand its national footprint over the next 12 months. It also plans to boost investments in its core product and increase opportunities for professional development.
“The market opportunity ahead of Built In is incredibly exciting, based in part on a set of favorable business and macroeconomic trends,” said Carter Griffin, general partner, Updata, in a press release. “In addition to low unemployment and the continued growth of the tech sector, more companies than ever are undergoing digital transformations to stay competitive. Their success hinges on the extent to which they meaningfully engage with the tech community.”
As part of the funding round, Griffin will be joining Built In’s Board of Directors.
“The digitally native generation in today’s workforce seeks collaborative, purpose-driven workplaces that value their talents,” explained Maria Christopoulos Katris, Built In’s co-founder and chief executive officer. “We help them connect with their local tech communities, grow professionally and discover opportunities at companies they believe in. We couldn’t be more excited to partner with Updata to expand across the country and offer personalized experiences to help professionals excel in their careers.”
“When we first invested in Built In in 2015, they were a small team with a very big vision,” added Troy Henikoff, managing director of MATH Venture Partners. “It is rare to see a company thoughtfully transform and consistently deliver best-in-class KPIs and growth with so little outside capital. Maria and her team consistently deliver to their customers, users and investors, and I could not be prouder to partner with them on this journey.”