Investors include Goldman Sachs, QED Investors, and Camber Creek.
Startup Rabbet has raised an $8 million Series A round from Goldman Sachs, QED Investors, and Camber Creek. The platform brings efficiency to the antiquated construction loan process.
What they do: Rabbet uses machine learning to extract key information from traditional spreadsheets and PDFs. This helps lenders and developers reduce administrative burden and make faster decisions.
Heard on the Street: Co-founder Will Mitchell: “All this information is trapped in disconnected PDFs, spreadsheets, emails… We focus on the efficiency, accuracy, and transparency that software can bring to this complex industry.”