Siteline

Siteline

Subcontractor construction billing and AR platform

About Siteline

Simplify's Rating
Why Siteline is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Industrial & Manufacturing

Enterprise Software

Company Size

11-50

Company Stage

Series A

Total Funding

$18.4M

Headquarters

San Francisco, California

Founded

2019

Overview

Siteline provides a construction billing software designed specifically for subcontractors to generate, submit, and manage pay applications. It acts as a central hub for accounts receivable, enabling collaboration among teams and keeping all pay-app-related documents in one place. The platform Tailors pay apps to each general contractor’s specifications and tracks compliance documents to reduce errors and delays. This helps streamline the billing workflow, cut down on missing or incorrect information, and improve cash flow by reducing payment delays. Siteline has processed over $1 billion in billing across more than 10,000 projects, indicating real-world use in the construction market. The company likely operates on a subscription model where subcontractors pay a recurring fee for access. Overall, Siteline aims to simplify and speed up the subcontractor billing process so contractors get paid faster and more reliably.

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Simplify's Take

What believers are saying

  • Customers get paid 3 weeks faster with 6x billing efficiency.
  • Siteline processed over $10B across 200k+ projects since 2019.
  • Menlo Ventures led $15M Series A in February 2022.

What critics are saying

  • Procore's billing module erodes Siteline's share in 6-12 months.
  • Autodesk captures MEP users via BIM integration in 12-18 months.
  • NY mandates digital pay apps by Q3 2026, obsoleting templates.

What makes Siteline unique

  • Siteline digitizes 23,000+ pay app forms from 17,000+ GCs.
  • Siteline automates lien waivers and state-specific compliance tracking.
  • Siteline integrates with QuickBooks, Procore, and Foundation Software.

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Funding

Total Funding

$18.4M

Meets

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$15M
Siteline
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Flexible Work Hours

Remote Work Options

Unlimited Paid Time Off

Professional Development Budget

Equity Options

Team Events

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-5%

2 year growth

-2%
Silicon Valley Daily
May 19th, 2023
Ethernovia Scores $64 Million

SAN FRANCISCO — Siteline, developer of an advanced billing solution for commercial trade contractors, has reeled in a $15 million Series A funding round led by Menlo Ventures with participation from existing investors.

Silicon Valley Daily
Mar 1st, 2023
VC Firm SignalFire Closes $900 Million in New Capital

SAN FRANCISCO — Siteline, developer of an advanced billing solution for commercial trade contractors, has reeled in a $15 million Series A funding round led by Menlo Ventures with participation from existing investors.

PYMNTS
Feb 13th, 2023
30% Of Construction Firms Are Investing In Technology

Construction firms are looking to technology to help them improve operations and build resilience. . Thirty percent of such firms said they are preparing for a possible recession by investing in technology to save time and costs, according to the January/February edition of the “B2B and Digital Payments Tracker®,” a PYMNTS and American Express collaboration. . They’re planning to add technology to accelerate payments, reduce financing costs and streamline back-office processes — solutions that address common problems in the construction industry, according to the report.

Informa Markets
Sep 7th, 2022
Label Traxx partners with Siteline

For the last six years, Label Traxx has collaborated with Siteline to develop and deploy a web-to-print technology that enables label customers and distributors to reorder, approve the artwork, pay invoices, and manage their label product catalogs online.

Silicon Valley Daily
Mar 7th, 2022
Menlo Ventures invests into Siteline in $15M

SAN FRANCISCO — Siteline, developer of an advanced billing solution for commercial trade contractors, has reeled in a $15 million Series A funding round led by Menlo Ventures with participation from existing investors.

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