About Briq
Briq is a company based in Santa Barbara (United States) founded in 2018 by Ron Goldshmidt and Bassem Hamdy. It operates as a SaaS (Software-as-a-Service). Briq has raised $54.03 million across 5 funding rounds from investors including Nemetschek Group, MetaProp and Blackhorn Ventures. The company has 39 employees as of December 31, 2023. Briq has completed 1 acquisition, including Swipez. Briq offers products and services including Otto. Briq operates in a competitive market with competitors including Built, Uptake, DecisionNext, OThot and MarketShare, among others.
- Headquarter Santa Barbara, United States
- Employees 39 as on 31 Dec, 2023
- Founders Ron Goldshmidt, Bassem Hamdy
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Sectors
Real Estate & ConstructionTechnology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54.03 M (USD)
in 5 rounds
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Latest Funding Round
$8 M (USD), Series B
Jan 18, 2024
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Investors
Nemetschek Group
& 6 more
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Employee Count
39
as on Dec 31, 2023
- Investments & Acquisitions
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Products & Services of Briq
Briq offers a comprehensive portfolio of products and services, including Otto. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An autonomous platform for workplace task automation provided.
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Funding Insights of Briq
Briq has successfully raised a total of $54.03M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $8.0M
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First Round
First Round
(25 Feb 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series B - Briq | Valuation | Blackhorn Ventures , Eniac Ventures | |
| Jun, 2021 | Amount | Series B - Briq | Valuation | Tiger Global Management | |
| May, 2020 | Amount | Series A - Briq | Valuation | Blackhorn Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Briq
Briq has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Nemetschek Group, MetaProp and Blackhorn Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech and offline focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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US focused seed and early-stage VC firm
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Briq
Briq has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Swipez. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based billing and payments solutions are offered to businesses.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Briq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Briq Comparisons
Competitors of Briq
Briq operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Built, Uptake, DecisionNext, OThot and MarketShare, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based management of construction loan life cycles is provided.
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| domain | founded_year | HQ Location |
Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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| domain | founded_year | HQ Location |
AI-based predictive analytics solutions are delivered via cloud software.
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| domain | founded_year | HQ Location |
Predictive analytics solutions are provided for the education sector.
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| domain | founded_year | HQ Location |
Predictive analytics for marketing optimization and business decisions are provided.
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| domain | founded_year | HQ Location |
Predictive scoring and data monitoring solutions for insurance are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Briq
Frequently Asked Questions about Briq
When was Briq founded?
Briq was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Briq located?
Briq is headquartered in Santa Barbara, United States. It is registered at Santa Barbara, California, United States.
Who is the current CEO of Briq?
Bassem Hamdy is the current CEO of Briq. They have also founded this company.
Is Briq a funded company?
Briq is a funded company, having raised a total of $54.03M across 5 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Feb 25, 2019.
How many employees does Briq have?
As of Dec 31, 2023, the latest employee count at Briq is 39.
What does Briq do?
Briq is engaged in creating autonomous work platforms like Otto. The company focuses on automation solutions for workplace efficiency. Its technology is applied across various sectors needing task automation. Solutions are designed to streamline operations and reduce manual workload.
Who are the top competitors of Briq?
Briq's top competitors include Kumo, DecisionNext and Carpe Data.
What products or services does Briq offer?
Briq offers Otto.
How many acquisitions has Briq made?
Briq has made 1 acquisition, including Swipez.
Who are Briq's investors?
Briq has 7 investors. Key investors include Nemetschek Group, MetaProp, Blackhorn Ventures, Eniac Ventures, and Tiger Global.