The Saudi Arabian construction technology startup Builtop has successfully closed an $11 million Seed funding round, a strategic mix of equity and debt financing. The investment was led by TAM Capital, with participation from a group of strategic investors. This capital injection is earmarked to fuel the company’s expansion, enhance its embedded finance solutions, and accelerate its AI-powered innovations, all crucial components for addressing the massive construction boom driven by Saudi Vision 2030.
Digitizing a Trillion-Dollar Market Opportunity
Saudi Arabia’s Vision 2030 has ignited an unprecedented construction frenzy, with real estate and infrastructure projects valued at nearly one trillion dollars. This rapid, large-scale development has created an urgent demand for smarter, faster, and more transparent solutions within the fragmented construction sector. Builtop is positioned to capitalize on this demand by tackling long-standing industry inefficiencies, particularly in procurement and financing.
Solving Procurement and Financing Bottlenecks
Traditional construction procurement is often burdened by fragmentation, manual procedures, and a critical lack of accessible working capital. Builtop addresses these challenges by acting as a single, digital hub that connects contractors, developers, and project owners with verified suppliers. The platform digitizes the entire supply chain and embeds trade credit, or “pay-later” financing, directly into its checkout process.
This integrated approach is essential for modernizing the sector, helping contractors to streamline operations, manage cash flow, and accelerate the execution of housing and giga-projects by overcoming common liquidity cycle delays. According to Ayman Al-Juhani, Founder and CEO of Builtop, “These projects cannot move at the speed of Vision 2030 by relying on traditional procurement and the absence of financing at the point of purchase. We created Builtop to be the missing digital layer between buyers and suppliers.”
Fueling AI and Product Innovation
A significant portion of the new capital will be dedicated to advancing Builtop’s AI-powered offerings. The company plans to introduce features that improve predictive pricing, enhance supplier matching, and shorten procurement cycles, ensuring greater quote accuracy and helping contractors secure market-aligned pricing. By leveraging technology to automate complex processes, Builtop aims to position itself as the key digital procurement arm for the Kingdom’s expansive construction and real estate sectors.
About Builtop
Builtop is a Saudi-based technology company founded in 2024 by Ayman Aljohani. It provides a digital procurement and financing platform for the construction and real estate sector. The company’s solution digitizes the supply chain, offers an all-in-one smart hub for sourcing materials and services, and integrates “pay-later” trade credit options to help contractors and suppliers manage their cash flow and accelerate project timelines. Builtop’s core mission is to enable smarter material sourcing, easier access to trade credit, and smoother operations for infrastructure and construction projects aligned with Saudi Vision 2030.
Source: Jawlah
