In a time when fundraising challenges persist, Briq, a startup revolutionizing construction financial workflows through AI, defies the trend with an $8 million extension at a $150 million valuation.
Briq Secures $8M Extension at $150M Valuation, Pioneering AI in Construction Financial Automation
In a time when fundraising challenges persist, Briq, a startup revolutionizing construction financial workflows through AI, defies the trend with an $8 million extension at a $150 million valuation. Having previously raised $30 million in a Series B round in 2021, Briq’s strategic decision reflects a calculated move to navigate market conditions and minimize dilution.
Strategic Funding Approach
CEO and Co-founder Bassem Hamdy explains that instead of pursuing a Series C round, Briq opted for a smaller