Riyadh - Sharikat Mubasher: The Saudi-based construction technology (contech) startup, TruBuild, raised $1 million in a seed funding round co-led by Wa’ed Ventures and Dar Ventures, with participation from Plug & Play Ventures, OQAL, Taz Investment, and notable angel investors such as Simon Moon, former CEO of Atkins Middle East.

TruBuild will use the investment to develop products, broaden the team, and expand its market presence, with plans to scale across the Kingdom and into global markets, the company announced in a statement yesterday.  

The contech startup transforms how construction projects are delivered, with a focus on eliminating cost overruns, delays, and misalignment in large-scale developments. Its AI-powered platform integrates directly with tools used by contractors, consultants, and project owners, quietly working in the background to surface early-stage risks, automate documentation, and align stakeholders, helping teams avoid rework and move faster.

Bisrat Degefa, Co-founder and CEO of TruBuild, affirmed that the company’s mission is to make everyday decisions easier through objective data and to help teams avoid the painful surprises they have faced for decades.

For his part, Anas Algahtani, acting CEO at Wa’ed Ventures, said: “We fully believe in TruBuild’s mission to eliminate costly project changes and variations, in line with our mission to invest in impactful businesses in the construction sector.”

Founded in 2023 by Bisrat Degefa and Sari Sabban, TruBuild embeds intelligence in everyday workflow to reduce admin burden, clarify decisions, and speed up tender evaluations, contract awards, and change approvals by up to 80%.