
Montreal's Brdg closes $850K CAD pre-seed to automate construction draws, with $600M+ in active projects already running in beta.
Montreal's Brdg has closed $850,000 CAD in pre-seed funding to automate the construction draw, the stage-by-stage payments lenders release as development projects hit milestones. The founders describe the manual workflows behind those payments as the weak point in Canadian financing.
"The construction financing process is quite archaic," co-founder Ness Cabessa said in an interview with BetaKit. "A lot of time is being wasted, and time in construction is money."
The pre-seed round closed earlier this month through a simple agreement for future equity. It drew support from New York's Forum Ventures, with additional participation from undisclosed strategic investors in real estate and construction finance.
Construction draws work like this: lenders set milestones, a cost consultant verifies progress on site, and the lender releases the next installment only when the work checks out. For smaller and mid-sized developers that lack internal finance teams, the workflow turns into document chasing across spreadsheets, email threads, and vendor files.
Cabessa and co-founder Samuel Brand got to watch the process fail from both sides, one in general contracting and the other in development. That background pushed the pair, together with co-founder Daniel Bensoussan, to launch Brdg in 2024.
The startup's software consolidates document collection, compliance review, budget validation, and draw packaging into a single platform. Where cost consultants used to re-key information from one source into another, the system now collects and cross-checks the same data in one place. Cabessa described the pitch as a tool for developers to simplify financing and a workflow system to automate consultants' daily administrative tasks.
Forum's decision to write the check came down to the operators, said partner Kevin Corliss in a release. He noted the founders "commercially savvy" distribution approach, which spreads through cost-consulting partnerships rather than directly into lenders' own systems.
Brdg launched in beta near the start of 2026 and opened to the wider market through this summer. Cabessa said the platform is now working on projects representing more than $600 million CAD in active development, from high-rise apartments to rentals, industrial sites, hotels, and shopping centres.
The next step is a mix of product and network pressure. The startup plans to scale its current five-person team, add more agentic AI to the platform, and return to the lending community with strategic partnerships plus a wider footprint across Canada. Cabessa's stated goal is to build the operating system for construction finance.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.