# Latista

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/latista

- Industry: Software
- Headquarters: Reston, US
- Website: www.latista.com
- Total disclosed funding: $1.5M
- Latest round: Series A (Feb 25, 2011)
- Investors on record: 1

## About

Latista is a construction payment management software company that streamlines financial transactions for contractors, owners, and subcontractors, enhancing compliance and minimizing payment risks.Latista operates in the construction payment management sector, focusing on automating financial transactions and compliance management. The company is headquartered in Reston, US. Latista received its most recent funding of USD 1.5 mn in Series A from Camber Creek on January 13, 2014, raising a total of USD 1.5 mn to date. The firm has completed 2 deals to date.Oracle Textura Payment Management provides comprehensive construction payment management software that automates the draw process, enhances compliance management through secure lien waiver collection, and reduces payment disruption risks. It offers features such as real-time payment status visibility, process automation for billing, and a centralized collaboration platform for all construction stakeholders. The software is utilized by a broad client base across North America, Europe, and parts of Asia, focusing on improving efficiency in managing large-scale construction projects.Oracle Textura Payment Management generates revenue through subscription-based pricing models that allow clients, including various contractors and construction firms, to access its services. These engagements often involve monthly or annual fees, which enable software utilization for project management and payment processing. The platform integrates with existing accounting systems for seamless data transfer, contributing to reduced administrative burdens and effective compliance tracking, with its flagship product driving consistent client engagement and renewals.Latista aims to enhance its offerings by developing new products and improving existing services, although specific details on upcoming releases have not been disclosed. The company plans to expand into additional markets, focusing on growth in North America and Europe by leveraging its recent funding. The recent financing of USD 1.5 mn will support strategic initiatives aimed at optimizing construction payment workflows, ensuring Latista remains competitive as it develops its product suite.

## Funding rounds

- Series A, Feb 25, 2011, $1.5M — Camber Creek

## Investors

- Camber Creek (https://capitalatlas.ai/funds/camber-creek) — Series A