Atlanta, September 10, 2025
News Summary
Speedchain closed $111 million in combined debt and equity financing to expand its commercial card programs and expense management platform for construction and project-driven businesses. The capital will accelerate go-to-market efforts, product innovation, and a national rollout, while strengthening partnerships that pair software controls with a global card network’s benefits. The platform offers AI-powered receipt management, real-time job costing, corporate expense processing, and integrations with back-office systems to connect field purchasing with accounting. New board additions and a trade association partnership aim to broaden adoption among contractors and streamline job-level financial visibility.
Speedchain secures $111 million in mixed debt and equity to expand construction-focused finance platform
Speedchain announced on Sept. 9, 2025 that it has closed a $111 million strategic financing package made up of debt and equity aimed at scaling its commercial card and expense management platform for the construction and project-driven industries. The debt portion was provided by Community Investment Management, a private credit impact investment manager, while a group of venture and strategic investors supplied equity.
Why it matters now
The financing comes as construction finance teams face ongoing challenges tracking receipts and reconciling costs across multiple job sites in real time. Speedchain’s platform promises project-level visibility and card controls that move expense tracking closer to the field, a change proponents say can reduce month-end surprises and speed decision-making on active jobs.
Deal details and who’s backing it
The financing combines a debt facility from Community Investment Management (CIM) with equity support from a group that includes GTM Fund, Village Global, TTV Capital, K5 Global, Tandem, and Emigrant Bank. Company leaders say the mix of capital is intended to fund faster customer growth and product work while preserving runway.
Planned use of funds
Speedchain intends to use the capital to accelerate its go-to-market strategy, advance product innovation, and expand nationally. Executives emphasize investments in integrations, AI features, and scaling commercial card programs for contractors and other project-based businesses.
Product capabilities and partnerships
The company’s platform offers end-to-end visibility and controls for project-level spending, including AI-powered receipt management, corporate expense processing, programmable card programs, and integrations with back-office systems. The Speedchain card program is issued through the Mastercard World Elite business network, pairing the company’s software controls with a global card network to capture rewards and merchant benefits.
Recent company moves
Alongside the financing, Speedchain added a veteran industry leader to its board and announced a new national partnership with a major construction trade association. Company leaders describe these moves as part of a broader push to bring modern financial tools to a sector they view as historically underserved by traditional fintech offerings.
Investor and partner perspectives
The debt provider framed its commitment as a bet on fintech that delivers measurable operational impact for firms that manage many job sites. Equity backers highlighted the platform’s ability to let field teams track job costing in near real time instead of waiting for month-end reconciliations. Investors and board members say the combination of modern card programs, AI-driven insights, and integrations can save time and enable more dynamic expense management for construction finance teams.
Market context
Construction is a large, project-driven market where spending happens across dispersed worksites and through a mix of vendors, subcontractors, and field purchases. The complexity of tracking those expenses has created demand for tools that connect frontline spending to back-office accounting quickly and accurately. Speedchain positions itself as a specialist platform built to bridge that gap.
What’s next
With the new capital and partnerships, Speedchain plans to broaden its national footprint, speed product releases focused on automation and AI, and grow commercial card adoption among contractors and project managers. Executives say the funds will be put toward sales expansion, product development, and operational scaling to support larger enterprise clients.
Press and contact line
The company listed a public contact number for press and inquiries. The financing announcement carried a source line indicating the release originated in Atlanta on the same date.
Frequently Asked Questions
What did Speedchain raise?
Speedchain closed a $111 million financing package that includes both debt and equity.
Who provided the debt?
The debt financing came from Community Investment Management (CIM), a private credit impact investment manager.
Which investors took equity positions?
Equity participants include GTM Fund, Village Global, TTV Capital, K5 Global, Tandem, and Emigrant Bank.
How will the funds be used?
Funds are earmarked for accelerating go-to-market activities, product innovation (including AI), and national expansion of Speedchain’s commercial card and expense management offerings.
What does Speedchain’s platform do?
The platform offers project-level expense visibility and control, automated receipt processing using AI, corporate expense workflow, card program management, and integrations with finance systems.
What card network is used?
Speedchain’s card program is offered through the Mastercard World Elite business network.
When was the financing announced?
The financing was announced on Sept. 9, 2025, with a press release indicating an Atlanta origin for the announcement.
Key features at a glance
| Feature | Description | Benefit |
|---|---|---|
| Capital raised | $111 million in combined debt and equity | Supports scaling sales, product, and national expansion |
| Debt provider | Community Investment Management (CIM) | Access to private credit with an impact focus |
| Equity investors | GTM Fund, Village Global, TTV Capital, K5 Global, Tandem, Emigrant Bank | Diverse investor network for strategic growth |
| Platform capabilities | AI-powered receipt management, card programs, integrations | Faster reconciliation and project-level cost control |
| Card network | Mastercard World Elite business network | Global acceptance and rewards potential |
| Target market | Construction and other project-driven industries | Tools tailored to distributed jobsite spending |
| Recent moves | Board addition and national trade association partnership | Stronger industry ties and go-to-market reach |
| Announcement | Sept. 9, 2025 — press release from Atlanta | Provides timing and origin for the financing news |
Deeper Dive: News & Info About This Topic
Additional Resources
- PR Newswire: Speedchain raises $111M to accelerate expansion and innovation for construction and project spending
- Wikipedia: Speedchain
- Axios Pro: Speedchain $111 million construction-spend platform
- Google Search: Speedchain
- MarketScreener: Speedchain raises $111M to drive growth in construction and project spend tech
- Google Scholar: Speedchain
- PR Newswire: Speedchain Inc. appoints Tooey Courtemanche to Board of Directors
- Encyclopedia Britannica: Speedchain
- Google News: Speedchain
- Google Search: Speedchain construction expense management
Author: Construction CA News
CALIFORNIA STAFF WRITER The CALIFORNIA STAFF WRITER represents the experienced team at constructioncanews.com, your go-to source for actionable local news and information in California and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Rose Parade, Coachella, Comic-Con, and the California State Fair. Our coverage extends to key organizations like the California Building Industry Association and Associated General Contractors of California, plus leading businesses in technology and entertainment that power the local economy such as Apple and Alphabet. As part of the broader network, including constructionnynews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic landscape across multiple states.
