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Briq, which has built a platform designed to allow all departments of a construction company to automate financial workflows such as accounts payable and payroll, has raised $8 million in an extension round at a $150 million valuation. The company opted to “wait out the market,” and raise a smaller dollar amount with less dilution at a flat valuation rather than go out and try to raise a Series C, said CEO and co-founder Bassem Hamdy in an interview with TechCrunch. MetaProp, whose managing partner Aaron Block is set to join Briq's board, co-led the round alongside Blackhorn and Eniac.
President Joe Biden’s son, Hunter, was among the attendees Malibu residents from all ethnic backgrounds gathered at the Malibu Pier last week to call for peace following Hamas militants’ surprise attack on Israel. Blue and white flags were waved, and banners that read “We Stand With You,” were seen on Thursday, Oct. 12, just a […]