BRKZ is transforming Saudi Construction Procurement with Tech
Saudi Arabia-based construction technology (contech) startup BRKZ has raised $17 million in a Series A extension, bringing its total funding to $22.5 million. The latest round includes $8 million raised in March 2024 and $1 million in venture debt from Capifly.
Key investors backing BRKZ include:
- Capifly
- BECO Capital
- Aramco’s Waed
- 9900 Capital
- Better Tomorrow Ventures
- RZM Investment
- Class 5 Global
- MISY Ventures
- Knollwood Investment Advisory
- Fluent Ventures
Founded in 2023 by Ibrahim Manna, BRKZ is a B2B marketplace that connects contractors with suppliers of building materials, streamlining procurement through tech-driven solutions.
Addressing Supply Chain Challenges in MENA’s $3T Construction Boom
With $3 trillion in ongoing and planned construction projects across the MENA region, the industry faces major challenges, including fragmented supply chains, inefficient procurement, and cash flow constraints. BRKZ is tackling these issues with a digital platform that centralizes supplier connections, optimizes pricing, and offers financing solutions tailored to contractors’ needs.
Through its platform, BRKZ provides:
- Access to 7,000+ SKUs from 1,100+ local suppliers
- Competitive quotes in 20 minutes
- Embedded “Buy Now, Pay Later” (BNPL) financing
- Seamless cross-border sourcing (expanding into China and India)
According to Founder & CEO Ibrahim Manna, the platform is revolutionizing construction procurement by eliminating manual processes, lengthy negotiations, and payment delays.
BRKZ and its Rapid Growth plus Expansion Plans in Saudi
Since its initial Series A1 round in December 2023, BRKZ has experienced 4x revenue growth and now serves 850+ contractors and factories across major projects, including:
- Neom
- King Salman Park
- The Red Sea Project
With $350 million (SAR 1.3B) in RFQs processed, BRKZ has expanded its reach to 40+ cities across Saudi Arabia. The company plans to establish offices in the Northern and Southern regions in 2025 while strengthening its supplier network in China and India.
Industry Leaders Endorse BRKZ’s Impact
BRKZ’s tech-driven approach has received strong endorsements from key industry players:
đź’¬ AbdulRauf H. Al-Matar, AGM at AlRashed Building Materials
“Partnering with BRKZ has revolutionized how we connect with contractors, streamlining our operations.”
đź’¬ Tamer Salah, CEO at AlMimar AlAraby
“BRKZ’s platform makes it easy to manage orders and meet tight deadlines, setting a new standard for efficiency in construction.”
đź’¬ Dany Farha, Managing Partner at BECO Capital
“Construction is at the heart of Saudi Vision 2030, and BRKZ is leading the digital transformation of the sector.”
The Future of Construction Tech in MENA
With major developments like Expo 2030 and FIFA World Cup 2034 on the horizon, Saudi Arabia’s construction industry is booming. BRKZ is positioning itself as the go-to platform for efficient, tech-driven procurement, helping contractors navigate supply chain complexities while optimizing costs.
As BRKZ continues to scale, its digital marketplace and financing solutions are set to redefine how construction materials are sourced and purchased across the region.
