Rabbet
“Can a vertical construction finance platform become the system of record between real estate developers and their lenders by owning the draw-package workflow?”
Founded2017
HQAustin, Texas, United States
Total raised$9.9M
Latest roundDebt Financing
IndustryVertical SaaS / Construction
The story
Founded in 2017 as Contract Simply (formerly Homenity), Rabbet was originally focused on home renovation construction finance. It pivoted to become a broader construction finance / real estate development management platform for commercial developers and construction lenders. Today it operates two distinct products — Rabbet Development (for developers/owners) and Rabbet Construction Lending (for banks and private credit) — sitting on top of over $100B in real estate capital under management.
Product timeline
2017
Founded (formerly known as Homenity / Contract Simply); accelerated in Y Combinator· pivot
2024
Positioned as real estate management platform for developers and construction lenders, managing $100B+ in real estate capital· banking
2025
Launched Rabbet AI Assistant for customer support and document routing· pivot
The stack
1 layer disclosed in Rabbet’s embedded-finance stack
Accounting
Accounting gap: none