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Santa Barbara, CA -- Construction financial platform Briq was ranked by Business Insider as #4 on their list of the 31 Hottest Proptech Startups of 2021. The rapidly-growing startup, which provides the first financial forecasting and decision-making software of its kind to the construction industry, has raised north of $16,000,000 and has become the leading contender in the space.
The Business Insider list was developed based on input from top venture capitalists and journalists in fintech and proptech. It was noted that Briq’s annual revenue grew more than 1,000% in the prior year. The nation’s largest builders and infrastructure firms as well as mom-and-pop construction shops are flocking to the software as housing construction booms during the pandemic. The trend is poised to continue as US infrastructure takes precedence under the Biden-Harris Administration.
About Briq
Briq has become the fastest-growing business management platform in construction. Founded in 2018 by Bassem Hamdy and Ron Goldshmidt, the firm has seen exponential growth each year under Hamdy’s leadership as CEO. The platform’s financial forecasting and decision-making capabilities help construction companies increase cash flow and grow faster. Briq has raised more than $16M, including a $10M Series A led by Blackhorn Ventures in 2020. Learn more about Briq at https://www.briq.com/
“We are honored to be part of this list. I like to think our inclusion is a testament not only to the challenges that exist in construction finance, but also to our team and the technology we have built to solve an age-old problem in construction.” - Bassem Hamdy, Briq CEO & Co-Founder
