# Briq

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

- Industry: Software
- Headquarters: Santa Barbara, US
- Website: www.briq.com
- Total disclosed funding: $54M
- Latest round: Series B (Jan 18, 2024)
- Investors on record: 6

## About

Founded in 2018 and based in California, US, brickschain construction services Inc., trading under the name Briq provides a financial automation platform for construction companies. In January 2024, the firm raised USD 8 million in Series B funding co-led by returning investors Blackhorn and Eniac, with participation from other returning investors Tiger Global and MetaProp. Investor Nemetschek also participated in the round. The round was part of a larger USD 150 million equity funding. Aaron Block joined Briq's board of directors. The company will use the funding to support the growth of its market position and expand into the Middle East, Asia, and Europe. As of 2024, the company is headed by its CEO Bassem Hamdy.

The company offers an AI-based financial automation platform that forecasts revenue, finds new projects, and monitors external financial pressures for enterprises. It automates construction financial workflows including planning and forecasting, spend management, billing, and receivables. The firm product offering includes Briq Copilot, Briq Autopilot, Briq Otto, and time travel.

## Funding rounds

- Series B, Jan 18, 2024, $8M — Tiger Global Management, Eniac Ventures, MetaProp, Blackhorn Ventures, Nemetschek Group
- Series B, Jun 7, 2021, $30M — Tiger Global Management, Eniac Ventures, Blackhorn Ventures
- Series A, May 11, 2020, $10M — Eniac Ventures, Darling Ventures, MetaProp, Blackhorn Ventures
- Seed, Sep 17, 2019, $3M — Eniac Ventures, Darling Ventures, MetaProp, Blackhorn Ventures
- Seed, Dec 17, 2018, $3M — Eniac Ventures, MetaProp

## Investors

- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed, Series A, Series B
- MetaProp (https://capitalatlas.ai/funds/metaprop) — Seed, Series A, Series B
- Darling Ventures (https://capitalatlas.ai/funds/darling-ventures) — Seed, Series A
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Seed, Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- Nemetschek Group — Series B