How Rabbet hit $1.9M revenue and 24 person team in 2023.
Developer of an enterprise platform intended to offer transparency to the complex construction finance industry. The company's platform ensures compliant documents, streamlines audits and tracks lien releases directly to progress payments reducing risk in construction lending, enabling businesses to change the regulatory environment and diminish labor supply that accelerates the need for accurate and efficient tools to manage the construction disbursement of funds.
In 2022, Rabbet revenue run rate hit $1.9M in revenue.
Rabbet hit $1.9M in revenue in 2021
Rabbet launched in 2013 with $0 revenue
Rabbet Funding History
Rabbet raised a of $8M
Rabbet raised a of $120K
Rabbet has 24 total employees and 3 sales reps that carry a quota.
Total team size
Will Mitchell is the co-founder and CEO of Rabbet, formerly known as Contract Simply. After spending more than a decade in commercial real estate, Will recognized the need to strengthen connections between developers, lenders and contractors, streamline operations and maintain critical project timelines. In Rabbet, Will is pioneering the connected construction economy with the only platform that intelligently connects relevant information for frictionless construction transactions.
Prior to founding Rabbet, Will was the co-founder and CEO of Renovate Simply, a data-driven web and mobile marketplace for home renovations. Originally from Denver, he completed his undergraduate studies in architecture and structural engineering from the University of Virginia. Will also earned his Masters of Business Administration (MBA), with a focus in entrepreneurship, at the University of Texas in Austin.