New Orleans based construction payments ecosystem zlien has raised a $10m Series B round led by S3 Ventures.
zlien connects construction stakeholders and leverages millions of data records to make payment documentation and lien rights fast and easy. The construction industry has traditionally used attorneys and mounds of paperwork to sort out payment issues, but over 100,000 industry stakeholders have relied on zlien to promote better visibility, make payment paperwork and follow-up invisible and to make payments faster. This latest investment brings zlien's total funding to date to $16.7 million, which the company will use to fuel its continued rapid growth and to develop products solving more construction payment headaches. It plans to open a new office in Austin, Texas, and to hire more than 50 new team members across its New Orleans, Austin and Cairo, Egypt, locations.