Flashtract, a cloud-based software company that is dramatically improving billing and payments for construction projects, announced today the close of a $15 million Series A funding round led by Addition and Shine Capital. The new financing will help Flashtract accelerate the growth of its team, as well as rapidly scale its network of new contractors, cementing its position as the industry standard for sending and receiving payments across its connected ecosystem.

Flashtract is a cloud-based software company that simplifies the billing and payment process for contractors. Flashtract is designed to track, manage and expedite payment applications, lien waivers, compliance requirements, change orders, and all other documents that keep construction projects running. Flashtract was built specifically for construction, which creates a level of focus and drive that has made the organization the fastest-growing billing solution in the industry.