Energize is proud to participate in the $27M Series B investment in Handle, the end-to-end software solution for construction payments and lien management. Marbruck Investments leads the round with additional participation from Suffolk Technologies, Liquid 2 Ventures, RXR, and WEX.

Handle’s Deep Roots in Construction

When we first invested in Handle in 2022, heavy industry was in its first chapter of digital transformation. Construction companies still worked in five to 10-year procurement cycles, leaving them years—or decades—behind the latest digital technologies. Manual systems and limited visibility caused stalled projects, lost payments, and financial risk that trickled through the supply chain. This started to change when Covid hit; pen and paper back offices suddenly had to turn to the cloud, and a watershed moment of industrial digitization kicked off, compressing a decade of technology adoption into just a few years.

Handle, founded in 2019 out of Y Combinator, saw this coming: CEO and co-founder Patrick Hogan grew up in his family’s lumber business, and had long seen the convoluted systems that construction companies were using to manage back office functions. Together with co-founders Chris Woodard, Blake Robertson and Lucas Azevedo, Patrick and the Handle team built a solution that consolidated and automated payment tracking, invoicing, and lien management. This was the first time industrial businesses had real-time visibility into how money and materials were moving throughout a project. As industrial leaders began to turn for a digital solution to their payment challenges, Handle built out a robust track record with some of the biggest names in construction.

A New Wave of Industrial Transformation

Today’s industrial transformation is even more robust. As artificial intelligence drives power demand, the energy industry is ballooning, with 2025 marking the highest rate of new utility-scale generation and storage capacity commissioned in over two decades. At 42 gigawatts, that’s the equivalent power demand of seven New York Cities. Beyond energy, we have seen historic rates of manufacturing investment, data center construction, and infrastructure renewal across healthcare, transportation, and industrial facilities.

This is the environment Handle was built for. Since our Series A investment, Handle has continued to expand to serve the firms behind this infrastructure buildout. The company now manages more than $160B in construction invoices and financial workflows across its platform and has doubled its revenue in the past six months alone. The team works with many of the most prominent names in construction, including Ferguson, The Home Depot, Cemex, ABC Supply, Floor & Décor, EquipmentShare, US LBM, Herc Rentals, Willscot, and more. Their customer roster represents the leading brands across three of top five electrical suppliers, four of top five equipment rental companies, and three of top five infrastructure material distributors.

Partnering on Handle’s Next Chapter

At Energize, we believe the digital future can't be built without the physical world, and the physical world can't be built without digital tools. Seated at the intersection of industrial digitization and critical infrastructure, Handle embodies the value proposition—and defensibility—of that thesis. By earning genuine trust within high-stakes, complex industries, the company has become a mission-critical asset at one of the most pivotal steps toward a modernized, electrified economy, and we’re excited to continue forward with them on this chapter.

With this new round of capital, Handle will deepen its go-to-market reach and expand its product suite to serve more of the financial workflows already running through its platform, evolving from a compliance and payments solution into a comprehensive financial operations platform for the construction supply chain.

Congratulations to Patrick, Chris, Blake, and the full Handle team. We're proud to continue this partnership as they build out the future of construction finance.