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Siteline offers collaborative billing software specifically for trade contractors, streamlining their payment application processes. The platform integrates with existing accounting systems and general contractor payment portals. It simplifies managing pay applications, lien waivers, and compliance, enabling contractors to accelerate cash flow and improve efficiency in construction billing.
Founded in 2019 by Joel Poloney and Gloria Lin, Siteline emerged from their insight into the inefficiencies and delays of manual billing for trade contractors. They saw a need for a specialized financial solution, aiming to modernize and simplify critical payment functions specific to the construction industry.
The product primarily serves trade contractors optimizing payment collection and financial operations. Siteline’s vision is to transform construction finance, ensuring contractors receive reliable and timely payments. The company empowers these businesses with greater financial stability and clarity, fostering their growth and enhancing overall industry efficiency.
Siteline has raised $15.0M across 1 funding round.
Siteline has raised $15.0M in total across 1 funding round.
Siteline is a technology company founded in 2019 that provides construction billing software specifically designed for trade contractors. Its platform streamlines financial processes such as payment applications, lien waivers, vendor documentation, and accounts receivable reporting, enabling subcontractors to get paid faster and manage billing workflows up to six times more efficiently. Siteline serves finance and operations teams within the construction industry, solving the problem of slow, error-prone, and fragmented billing and payment processes that have historically hindered subcontractors' cash flow and operational efficiency[1][2][4].
The company has demonstrated strong growth momentum, raising $18.4 million in funding, including a $15 million Series A round led by Menlo Ventures in 2022. This capital has been used to expand its sales, marketing, engineering, and product teams, reflecting confidence in its market potential and product-market fit[1].
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Siteline was co-founded by Claire Wilson, whose background as a project manager at Tishman Construction gave her firsthand insight into the inefficiencies of construction billing. The idea emerged from recognizing that while construction methods have evolved, payment processes remain largely manual and outdated. Early traction came from building a platform with direct input from trade contractors and industry experts, resulting in a real-time, web-based billing command center that integrates with accounting software and general contractor (GC) payment portals[2]. This collaborative approach and industry expertise have been pivotal in Siteline’s development and adoption.
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Siteline rides the broader trend of digital transformation in the construction industry, one of the least digitized sectors, especially in billing and payments. The timing is critical as construction companies increasingly seek to improve cash flow predictability and operational efficiency amid rising project complexity and cost pressures. Siteline’s platform addresses a major pain point by digitizing and automating billing workflows, which historically have been manual and error-prone. This not only accelerates payments but also enhances transparency and collaboration across project and finance teams, influencing the construction tech ecosystem by setting new standards for subcontractor financial management[2][1].
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Looking ahead, Siteline is well-positioned to expand its market share by deepening integrations, enhancing automation, and scaling its platform to serve more trade contractors nationwide. Trends such as increased adoption of cloud-based construction management tools and growing demand for real-time financial visibility will shape its journey. As the construction industry continues to digitize, Siteline’s influence could grow beyond billing software to become a central financial platform for subcontractors, potentially integrating with broader project management and supply chain systems. This evolution would reinforce its mission to free contractors to focus on building rather than billing, cementing its role as a key enabler of construction industry modernization[1][2].
In sum, Siteline transforms a historically cumbersome aspect of construction—billing and payments—into a streamlined, collaborative, and efficient process, addressing a critical industry need with a purpose-built, technology-driven solution.
Siteline has raised $15.0M in total across 1 funding round.
Siteline's investors include Tyler Sosin, Adams Street Partners, CapitalG, H.I.G. Capital, K9 Ventures, Menlo Ventures, Ulu Ventures, Steven Sinofsky.
Siteline has raised $15.0M across 1 funding round. Most recently, it raised $15.0M Series A in February 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2022 | $15.0M Series A | Tyler Sosin | Adams Street Partners, CapitalG, H.I.G. Capital, K9 Ventures, Menlo Ventures, Ulu Ventures, Steven Sinofsky |
