Crowell & Moring Advises in a $3.5 Million Seed Funding Round for Billy
October 27, 2021
Billy, an end-to-end platform that helps construction companies manage their insurance, announced today a $3.5 million seed funding round led by MetaProp and Coelius Capital. Crowell & Moring represented Billy in this oversubscribed round with additional participation from Global Village, Shadow Ventures, Hustle Fund, and Laguna Canyon Group.
Zach Aarons, co-founder and general partner at MetaProp, a leading global venture capital firm focused on the PropTech industry, is excited about the team at Billy and believes that the company’s unique position in the PropTech industry is a promising indicator of success. “Billy sits firmly at the intersection of insurance and construction technology, two sectors where we have invested extensively over the past several years,” Aarons says. “The team is well-positioned to bring increased efficiency to the construction sector. Crowell & Moring’s deal team was led by counsel Matthew Moisan and included associates Justin Lurie and Justin Porter. The press release can be found here.
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