Handle raises $27M Series B led by Marbruck to scale construction payments
What's the deal? Handle, a Y Combinator-backed startup that automates payment tracking, invoicing, and lien management for construction companies, has raised $27M in Series B funding. Marbruck InvestmentsDealroom has a profile for this one. Try Dealroom → led the round, with participation from Energize CapitalDealroom has a profile for this one. Try Dealroom →, Suffolk TechnologiesDealroom has a profile for this one. Try Dealroom →, Liquid 2 Ventures, RXRDealroom has a profile for this one. Try Dealroom →, and WEXDealroom has a profile for this one. Try Dealroom →.
Founded in 2019 by CEO Patrick HoganDealroom has a profile for this one. Try Dealroom → — who grew up in his family's lumber business — Handle now manages more than $160B in construction invoices and financial workflows on its platform, and has doubled revenue in the six months to May 2026.
The company counts FergusonDealroom has a profile for this one. Try Dealroom →, The Home DepotDealroom has a profile for this one. Try Dealroom →, CemexDealroom has a profile for this one. Try Dealroom →, ABC Supply, EquipmentShare, and Herc Rentals among its customers. Its roster includes three of the top five electrical suppliers, four of the top five equipment rental firms, and three of the top five infrastructure material distributors.
Why now? Construction is booming. AI-driven power demand pushed 2025 to the highest rate of new utility-scale generation and storage capacity commissioned in over two decades — 42 gigawatts, equivalent to seven New York Cities. Data centre construction, manufacturing investment, and infrastructure renewal are all at historic levels.
Yet much of the industry's back office still runs on outdated, manual systems. Covid-era disruption compressed a decade of digital adoption into a few years, but construction payment workflows remain ripe for modernisation.
What could go wrong? Construction is cyclical and sensitive to interest rates. A slowdown in infrastructure spending or data centre buildouts could temper demand for Handle's tools. The company also faces competition from legacy ERP vendors expanding into payment workflows and from other fintech startups targeting the same gap.
The signal: Handle's investor mix tells its own story — Suffolk Technologies is the venture arm of Suffolk Construction, RXR is a major real estate owner-operator, and WEX is a payments infrastructure firm — meaning the company is being backed by the very industry it serves. That combination of strategic and financial capital, paired with revenue doubling in six months while still at the "early growth" stage, suggests Handle is hitting an inflection point as construction's digital back-office upgrade accelerates alongside the infrastructure supercycle.
Read more: energizecap.com
