Nemetschek Group invests in the American financial automation platform Briq

• The startup is focused on transforming finance in the construction industry by reducing manual tasks to minimize human errors.
• Open, data-driven, and system-agnostic with real-time solutions.
• The platform significantly improves the efficiency and profitability of construction companies.

This investment is part of the Nemetschek Group's strategy to stimulate innovation in the construction sector.

Meeting construction challenges with AI

Briq, headquartered in Santa Barbara, USA, was founded in 2017 by Bassem Hamdy and Ron Goldshmidt. The company's mission is to provide a functioning financial system for companies in the construction sector, equipping them with comprehensive financial capabilities. With Briq, they can manage workflows, data, treasury and projects, while improving processes, accuracy and business operations.

Nemetschek Group and Briq: Together for Innovation

For Bassem Hamdy, CEO and co-founder of Briq: « We are very pleased to work with the Nemetschek Group who have a complete view of the construction life cycle in our industry. Their expertise will help us accelerate our platform and provide access to an even wider audience. »

For Matt Wheelis, Senior Vice President of Strategy, Build & Construct Division at Nemetschek Group: “The inherent inefficiencies and financial risks associated with construction projects are difficult to identify in real time. Briq offers a best-in-class solution to address these weaknesses, using AI to connect the dots between the field and project finances. Their open approach to systems aligns perfectly with our principles, and we are excited about our partnership to revolutionize finance in the construction industry »

For Tanja Kufner, Head of Startups and Investments at Nemetschek Group: « Investing in Briq aligns perfectly with our strategic focus to drive innovation and digitalization across the industry value chain. I'm particularly impressed by how they transcend traditional boundaries by seamlessly orchestrating financial workflows between project management and ERP systems. »

By reducing manual tasks and minimizing human errors, Briq significantly improves the efficiency and profitability of companies in the sector. The platform integrates seamlessly with popular build systems such as Salesforce, Autodesk, Microsoft Office 365, Slack and others. The young company already serves more than 300 customers across the United States but plans to expand into Europe, and consequently into France. With a team of more than 250 employees, Briq operates from offices in the United States, Canada and India.