Speed is everything in construction. Move too slow and your project bleeds money. Move too fast without control and you drown in duplicate payments, fraud, and vendors who swear they never got paid. That’s the messy rhythm the industry has lived with for decades, and Speedchain just showed up with a new tempo, and $111 million to crank up the volume.
This financing is no small pit stop. It’s a strategic mix of equity and debt led by Community Investment Management, with GTM Fund, Village Global, TTV Capital, K5 Global, Tandem, and Emigrant Bank laying down equity fuel. These are not tourists in fintech, they’re backing a platform that’s been quietly grinding since 2021, headquartered in Atlanta, and now primed to take the national stage.
CEO Daniel Cage, who’s also Board Chair, is not a rookie in this ring. After building Linq3 and running The Cage Group, he’s back with a new blueprint, turning financial chaos on construction sites into a controlled system that scales from a single contractor to teams in the hundreds. Chief Operating Officer Drew Crytser, Chief Technology Officer Travis Smith, Vice President of Business Development & Marketing David Heyer, and Director of Marketing Jana Soli round out a leadership crew that knows fintech is only as good as the trust it earns in the field.
The numbers already prove it. Speedchain’s AI-powered platform has prevented more than $10 million in duplicate payments while processing serious transaction volumes through its Mastercard-backed commercial card program. And because no construction site is an island, the platform integrates with Procore, Sage 300 CRE, CMIC, Vista Viewpoint, and QuickBooks. That Procore integration in particular turns project financials into a live dashboard instead of a rearview mirror.
But this is bigger than tech specs. Construction firms don’t just build structures, they build economies. The Associated General Contractors of America represents 27,000 firms that shape the country’s growth, and Speedchain has a strategic partnership with them to put financial control directly in the hands of those firms. That’s distribution muscle most startups can only dream about.
The $111 million is not just capital. It is fuel for product innovation, AI development, and national expansion. It is a statement that construction, long underserved by modern finance, is about to get its own fintech renaissance. With board members like Procore’s Tooey Courtemanche and Dennis Lyandres, the play is clear: take the lessons of scaling a construction tech giant and fuse them into a financial platform built for the project-driven economy.
Speedchain isn’t just cutting checks. They’re cutting waste, fraud, and inefficiency out of an industry that can no longer afford to run on guesswork. And with this raise, Daniel Cage and his team have made it clear: in construction fintech, the chain reaction has officially begun.
