Project Suppliers Closes USD 1 million Pre-Seed Round to Develop Smart Financial Solutions for the Construction Sector

Saudi-based Project Suppliers, a platform specializing in connecting suppliers and contractors across the construction and procurement sector, has announced the closing of a USD 1 million pre-seed investment, with participation from a number of angel investors.

The investment comes amid the platform’s rapid growth and increasing volume of transactions conducted through its platform. Project Suppliers operates with an updated database of more than 12,000 suppliers and contractors, while the number of requests for quotations submitted through the platform has reached approximately 600,000.

The platform provides contractors and suppliers with a specialized search engine and advanced digital tools for managing and tracking requests for quotations, alongside real-time reporting designed to enhance the efficiency of daily operations.

Through the funding, Project Suppliers plans to leverage its extensive operational data to develop an integrated suite of cash flow management solutions tailored to companies and suppliers operating in the mechanical, electrical, and plumbing (MEP) sector.

The company also plans to leverage artificial intelligence technologies to analyze available data and deliver financing tools and intelligent predictive solutions that help address liquidity challenges, reduce deferred collection periods, and improve supply chain efficiency, contributing to addressing the sector’s structural challenges.

The development comes amid a growing focus on supporting FinTech solutions in Saudi Arabia and advancing the construction sector toward higher levels of efficiency and digital transformation.