Chicago-based Built In has raised $22 million in Series C funding, which it intends to use to expand its national footprint and increase investments in its core product.
Updata Partners led the round, with participation from existing investors, including MATH Venture Partners, which led Built In's previous two funding rounds.
"The market opportunity ahead of Built In is incredibly exciting, based in part on a set of favorable business and macroeconomic trends," Updata General Partner Carter Griffin said in a statement. "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."
Griffin will be joining Built In’s board.
Built In Co-Founder and CEO Maria Christopoulos Katris added: "The digitally native generation in today's workforce seeks collaborative, purpose-driven workplaces that value their talents. 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."
Founded in 2011 in Chicago, Built In helps more than 1,800 customers — from fast-growing startups to Fortune 50 companies — connect with more than 1 million technology professionals each month. Built In’s mission is to change how people discover their professional purpose, how companies tell their stories and how communities connect over their shared passion for tech.
"When we first invested in Built In in 2015, they were a small team with a very big vision," MATH Venture Partners Managing Director Troy Henikoff said. "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."
Currently at 100 employees, Built In expects to double headcount at its Chicago headquarters and expand its national footprint over the next 12 months. This is the second-largest round of funding in Chicago raised by a woman CEO leading a digital technology company, according to Pitchbook. Built In had raised a total of $7.9 million over five funding rounds prior to this most recent raise, according to Crunchbase.
