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§ Private Profile · New York City, NY, USA
InsurTech software platform automating compliance document tracking and embedded insurance for construction and real estate companies.
Based in New York, New York, Billy is a software provider that develops an insurance and risk management platform specifically tailored for the construction and real estate industries. The company's core application automates the collection, verification, and tracking of critical compliance documents, including certificates of insurance, W9s, and business licenses, for general contractors and property developers. Operating as an embedded insurance brokerage, the platform offers managed services by licensed experts to facilitate rapid compliance audits. To streamline commercial coverage procurement, Billy integrates directly with construction management systems like Procore and partners with major insurance carriers such as Travelers. The enterprise has raised $6.25 million in seed funding, backed by a syndicate of venture capital firms that includes MetaProp, Shadow Ventures, and Coelius Capital. Billy was founded in 2020 by Nyasha Gutsa and Grant Robbins.
Billy has raised $6.5M across 2 funding rounds.
Billy has raised $6.5M in total across 2 funding rounds.
Billy, Inc. is a technology platform focused on streamlining compliance workflows in the construction industry, particularly around managing certificates of insurance (COI), W9 tax forms, business licenses, and other compliance documents. Its solution digitizes and automates contract compliance processes on construction projects of all sizes, aiming to make staff more operationally efficient by eliminating manual paperwork and reducing administrative burdens. Billy serves general contractors, construction firms, and vendors by providing a centralized, automated platform that integrates with construction management software like Procore to simplify vendor compliance and risk management[1][5].
Billy was founded in 2020 in New York City by Nyasha-Harmony Gutsa, a problem solver passionate about digitizing construction and insurance workflows. Nyasha’s background includes experience at Procore Technologies, a leading construction management software company, which influenced the development of Billy’s platform. The idea emerged from recognizing the inefficiencies and risks associated with manual compliance tracking in construction projects. Early traction came from partnerships with investors such as Entrada Venture and MetaProp, and integration with established construction software, which helped Billy gain credibility and adoption in the construction ecosystem[1].
Billy rides the growing trend of digital transformation and automation in the construction industry, a sector traditionally reliant on manual, paper-based processes. The timing is critical as construction firms face increasing regulatory scrutiny and risk management demands, alongside a broader push for operational efficiency through technology. Market forces such as the rise of PropTech (property technology) and InsurTech (insurance technology) create fertile ground for platforms like Billy that bridge construction and insurance compliance. By digitizing compliance workflows, Billy reduces risk exposure and administrative overhead, influencing the broader ecosystem by setting new standards for construction project compliance management[1].
Billy is well-positioned to expand its footprint as construction firms increasingly adopt digital tools to manage risk and compliance. Future growth will likely be driven by deeper integrations with construction management and insurance platforms, enhanced automation features, and possibly expanding into adjacent compliance areas. Trends such as increased regulatory complexity and the digitization of construction workflows will shape Billy’s journey, potentially making it a key player in the digitization of construction compliance. Its influence may evolve from a niche compliance tool to a broader operational platform that helps construction firms manage risk, compliance, and vendor relationships more holistically[1][5].
Billy has raised $6.5M in total across 2 funding rounds.
Billy's investors include Eric Kanowsky, Zach Aarons, Doug Hirsch, Scott Wolfe, Central Coast Ventures, Gaingels, Coelius Capital, MetaProp, Accomplice VC, Amplify.LA, Entrada Ventures, FabFitFun.
Billy has raised $6.5M across 2 funding rounds. Most recently, it raised $2.5M Other Equity in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 5, 2023 | $2.5M Venture Round | Eric Kanowsky, Zach Aarons | Doug Hirsch, Scott Wolfe, Central Coast Ventures, Gaingels | Announced |
| Jun 1, 2021 | $4M Seed | Coelius Capital, MetaProp | Accomplice VC, Amplify.LA, Entrada Ventures, FabFitFun, Fika Ventures, Grant Miller, Paul Holland, TOM Mcinerney, Warren Shaeffer, Hustle Fund, Laguna Canyon Group, Shadow Ventures, Village Global | Announced |