Buildnow Saudi Arabia Closes $9.7 Million Funding Round to Support the Construction Sector

Buildnow has successfully closed a $9.7 million funding round, led by STV and Arbah Capital. The round aims to expand the company’s support for small and medium-sized enterprises (SMEs) in the construction sector, offering deferred payment solutions to ease financial operations within the industry.

The round included a combination of debt, reflecting the investors’ commitment to supporting the company’s growth.

Notably, Buildnow had previously announced the closure of a $9.4 million Seed funding round in March 2024.

Founded in April 2022 by Hisham Alsaleh, Rahat Dewan, and Abdulla Sheikh, Buildnow provides innovative financial solutions tailored to the needs of the construction sector.