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§ Private Profile · Austin, TX, USA
Bringing efficiency, accuracy and transparency to construction finance
Rabbet has raised $8.0M across 1 funding round.
Key people at Rabbet.
Rabbet was founded in 2017 by Will Mitchell (Founder/CEO).
Rabbet has raised $8.0M in total across 1 funding round.
Rabbet brings efficiency, accuracy and transparency to the complex construction finance industry. The platform uses machine learning to parse documents and connect information for reduced administrative burden, verifiable compliance, and faster decision-making for real estate lenders and developers.
Formerly Contract Simply.
Key people at Rabbet.
Rabbet has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Series A in February 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2019 | $8M Series A | — | QED Investors, Camber Creek, David Bell | Announced |
Rabbet is a construction finance software company that builds a platform to bring efficiency, accuracy, and transparency to managing construction loans. Its product automates complex workflows such as document collection, compliance verification, and fund disbursement, serving real estate developers, lenders, investors, and related service providers. By streamlining these processes, Rabbet reduces administrative burdens, accelerates draw processing, and improves financial reporting accuracy, enabling stakeholders to make faster, more informed decisions. The company’s mission centers on connecting people, data, and systems to maximize real estate outcomes and eliminate human risk in real estate execution[1][2][3][5].
Founded in 2017 and based in Austin, Texas, Rabbet has gained traction as a trusted platform managing over $100 billion in real estate capital. It is backed by notable investors including QED Investors, Camber Creek, and Goldman Sachs. Rabbet’s impact on the startup ecosystem lies in its innovative use of machine learning and integrations that optimize construction finance workflows, contributing to digital transformation in the commercial real estate (CRE) sector[2][3][5].
Rabbet was founded in 2017 by Will Mitchell, who serves as CEO. The idea emerged from the need to address inefficiencies and risks inherent in construction finance, a traditionally manual and error-prone process. The company was accelerated by Y Combinator in the summer of 2017, which helped refine its product and market fit. Early traction came from real estate developers and lenders seeking real-time, transparent workflows and comprehensive portfolio insights, which Rabbet’s platform provided through automation and data connectivity[2][3][5].
Rabbet rides the wave of digital transformation in real estate finance, a sector historically reliant on manual processes and fragmented data. The timing is critical as CRE professionals increasingly demand automation, transparency, and integrated workflows to manage growing project complexity and capital flows. Market forces such as rising construction costs, regulatory scrutiny, and the need for risk mitigation favor solutions like Rabbet’s. By enabling real-time data insights and streamlined compliance, Rabbet influences the broader ecosystem by setting new standards for operational efficiency and trust in construction finance[2][5].
Looking ahead, Rabbet is likely to deepen its integrations and expand its machine learning capabilities to further reduce human risk and enhance predictive insights in construction finance. Trends such as increased adoption of proptech, demand for ESG-compliant real estate projects, and the digitization of financial operations will shape its journey. As Rabbet scales, its influence may extend beyond construction loans to broader real estate capital management, reinforcing its role as a foundational platform in CRE finance. This evolution ties back to its core mission of connecting people, data, and systems to maximize real estate outcomes with transparency and efficiency[2][5].
Rabbet was founded in 2017 by Will Mitchell (Founder/CEO).
Rabbet has raised $8.0M in total across 1 funding round.
Rabbet's investors include QED Investors, Camber Creek, David Bell.
