RIYADH: Construction, real estate, and digital infrastructure dominated this week’s venture landscape across the Middle East and beyond, with startups securing strategic funding, forging cross-border acquisitions, and unveiling innovative financial tools.
Builtop, a Saudi digital procurement startup focused on the construction and real estate sectors, has raised $11 million in a funding round led by TAM Capital, with participation from other investors.
The company, founded in 2024 by Ayman Al-Johani, provides embedded finance tools including “pay-later” trade credit to improve cashflow and streamline project delivery for contractors and suppliers. The platform integrates digital procurement with AI-driven tools to enhance transparency and operational efficiency.
The newly raised funds will be used to expand Builtop’s presence across Saudi Arabia, improve its AI-based systems, and develop solutions tailored to large-scale infrastructure projects aligned with Vision 2030.
WakeCap acquires Brazil’s Trackfy
