Cincinnati fintech backed by North American Properties ready for the spotlight


A 2-year-old Cincinnati fintech quietly working in the commercial construction space has landed key financing backing from one of the city’s largest developers as it readies for its go-to-market launch.

Downtown-based Struxtion, which provides working capital to contractors and subcontractors, has raised a $5.5 million seed round led by Cincinnati-based North American Properties, a multifamily, mixed-use, office, student housing, hotel and retail developer. It’s a key backing that gives the young startup credibility and name recognition, Struxtion founder and CEO Gregg Lund said.

The investment will help with the continued development of Struxtion’s platform, which aims to remove the financial obstacles that many in the industry face in growing their businesses.

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Story excerpt provided by Cincy Inno.

Written by Liz Engel.

Originally published November 1, 2021.

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