Builtop, a Saudi digital procurement startup for the construction sector, has raised $11 million in a seed funding round comprising both debt and equity. Led by TAM Capital with participation from strategic investors, the new capital will enable Builtop to expand its operations across Saudi Arabia, enhance trade-credit services, and advance product innovation to align with Vision 2030’s infrastructure goals.
Meeting Vision 2030’s Construction Demands
Saudi Arabia’s Vision 2030 has triggered nearly $1 trillion in real estate and infrastructure projects, creating a pressing need for efficient procurement. Contractors still face delays caused by fragmented sourcing and limited working capital, challenges Builtop seeks to eliminate. By combining digital procurement with embedded finance, the platform allows contractors to deliver projects faster and with greater transparency.
Builtop’s Digital Model
Founded in 2024, Builtop serves as a centralized hub connecting contractors, developers, and project owners with verified suppliers. The platform simplifies sourcing, enables quote comparisons, and provides trade credit directly at checkout, making it a single point of access for procurement. Within a year, Builtop has onboarded major suppliers, integrated mid-sized firms, and begun handling public tenders, proving strong market demand for its solution.
Strategic Focus After the Funding Round
Following the funding round, Builtop will prioritize AI-driven features to improve predictive pricing and supplier matching. These tools aim to shorten procurement cycles and enhance quote accuracy while supporting contractors in achieving market-aligned pricing. The company also plans to build a trusted digital community uniting suppliers, contractors, and public entities within a transparent ecosystem.
Aligning with Saudi Arabia’s Economic Vision
The investment in Builtop reflects growing investor confidence in technology-led solutions driving Vision 2030’s progress. As projects like NEOM and Qiddiya move forward, digital procurement platforms are becoming critical to ensuring faster project execution. Builtop’s integration of financing and sourcing capabilities positions it as a key partner in the Kingdom’s modernization efforts.
Builtop’s $11 million raise marks a significant step in the digital transformation of Saudi Arabia’s construction ecosystem. By merging procurement, financing, and AI, the startup is set to streamline how construction projects are sourced, funded, and executed. With TAM Capital’s backing and a clear focus on Vision 2030, Builtop is emerging as a pivotal enabler of the Kingdom’s infrastructure ambitions.