Saudi Builtop Raises $11 Million to Digitize Construction and Real Estate Procurement
Builtop, a Saudi startup specializing in digital procurement for the construction and real estate sectors, announced a successful funding round of $11 million USD. The round was led by TAM Capital, with participation from other investors.
The Platform's Mission and Solutions
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Founding: Builtop was founded in 2024 by Ayman Aljohani.
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Goal: The platform aims to become the digital procurement arm for the construction and real estate sectors in the Kingdom, enabling smarter, faster, and more transparent operations.
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Financing Solutions: Builtop offers embedded finance solutions, including a "Buy Now, Pay Later" (Pay-Later) service or commercial credit, to help contractors and suppliers effectively manage their cash flow and improve the efficiency of their purchasing and supply operations.
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Technology and AI: The platform leverages Artificial Intelligence (AI) to provide real-time analytics, enhance transparency, and optimize supply chain management, contributing to the acceleration of major infrastructure projects in the Kingdom.
Investment and Future Expansion
The funds raised will be used to support Builtop's expansion within Saudi Arabia. The investment will also enhance the platform's capabilities in AI-powered procurement and develop customized solutions for mega-projects, aligning with the objectives of Saudi Vision 2030.
Ayman Aljohani, Founder and CEO of Builtop, stated:
"This investment will help us expand our services, support Vision 2030 initiatives, and provide smarter, more flexible procurement solutions for the construction sector."
