Handle.com Raises $27 Million Series B to Modernize Construction…

Team S · 2026-05-25T13:38:35.000Z

Construction procurement platform Handle.com has secured $27 million in Series B funding to accelerate expansion of its AI-powered material purchasing and supplier management platform for the construction industry. The round was led by Bessemer Venture Partners, with participation from existing investors Founders Fund, Buildertrend, and several strategic construction technology backers. Founded by Austin Simms and Sam Tugender, Handle.com helps contractors, subcontractors, and construction firms streamline procurement workflows, automate supplier coordination, manage invoices, and optimize material purchasing operations through AI-driven software infrastructure. The company stated that the fresh capital will support AI product development, expansion of supplier integrations, and scaling of enterprise procurement capabilities as construction companies increasingly digitize fragmented back-office operations. Handle.com aims to reduce delays, procurement inefficiencies, and cost overruns through automated workflows and real-time purchasing intelligence. The startup is increasingly positioning itself as a critical operating layer for construction commerce infrastructure as the sector undergoes digital transformation driven by automation, AI, and cloud-native project management systems. The funding reflects continued investor interest in construction technology, AI-powered procurement systems, and vertical SaaS platforms modernizing large industrial industries traditionally underserved by modern software infrastructure.

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Handle.com Raises $27 Million Series B to Modernize Construction… | Newnex