Briq News

A Note From The CEO: Briq Opens New Doors Closing $30M Series B Funding

Briq has completed a Series B investment of $30 million, led by Tiger Global Management, LLC. This is one of the largest Series B fundraises in the history of construction technology.

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Dear Friends,

In 2018, Briq began a journey to transform the construction industry. We started with a small team of extraordinary employees, and a handful of clients who trusted our vision for what a future with Briq could be. From there, we’ve grown to over 100 employees in three countries, and nearly 200 clients across the United States and in Canada.

Today, I am incredibly proud to announce that Briq has completed a Series B investment of $30 million, led by Tiger Global Management, LLC. This is one of the largest Series B fundraises in the history of construction technology.

By automating the money workflow, Briq is singlehandedly transforming the industry we all love so much. Streamlining the money workflow, of course, means contractors are making more money- but really, we aren't just talking about profit. We're also talking about giving hours back to the hardworking financial professionals in construction. The ones who have long been underserved. Briq translates the hours they would normally spend working into more time with their families, more time at little league games, and more time at soccer matches.

Briq has been one of the fastest-growing startups in the industry, with over 200% growth in the past 18 months. I truly believe this is a transformative moment in construction history, and I’m grateful to our partners, our clients, and our people who have brought us this far.

I have never been more excited for what lies ahead- not only for those of us at Briq, but for construction at large. We’ve begun a revolution in construction technology - and we’re just getting started.

Yours in Construction,

Bassem Hamdy

If you'd like to read more about our Series B, head to this article from Tech Crunch!