BRKZ, a Saudi Arabia-based construction technology startup, has successfully completed its Series A funding round, amassing a total of $17 million. This substantial investment underscores the company’s commitment to revolutionizing the procurement and supply chain processes within the construction sector.

The Series A funding for BRKZ was executed in two primary stages. The initial phase, known as Series A1, concluded in December 2023, securing $8 million in equity. This round saw enthusiastic participation from existing investors, including BECO Capital, Aramco’s Wa’ed Ventures, 9900 Capital, Better Tomorrow Ventures, RZM Investment, Class 5 Global, MISY Ventures, Knollwood Investment Advisory, and Fluent Ventures.

 Series A2 was concluded in January 2025 with $8 million in equity and $1 million in venture debt from Capifly. This all added up to a total of $17 million for the Series A round, which boosted BRKZ’s total funding to $22.5 million.

Founded in 2022 by serial entrepreneur and ex-Careem executive, Ibrahim Manna, BRKZ was born as a solution for the inefficiencies inherently found within the construction procurement processes.

It is from these extensive logistics-based experiences that Manna learned some of the inefficiencies that burdened contractors-including fragmented supply chains, too-long negotiations and delayed payments-but most of them had to keep on dealing with a disjointed process of old procurement methods-keeping multiple suppliers on their case and negotiating within very complex settings. 

This realization spurred the creation of BRKZ, aiming to streamline and digitize the procurement of building materials, thereby enhancing efficiency and transparency in the sector. 

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Innovative Solutions for Procurement Challenges

BRKZ operates as a managed marketplace, leveraging technology to connect contractors with a diverse array of suppliers.The platform offers a user-friendly interface where contractors can request quotes via WhatsApp or through the company’s website, simplifying the procurement process.

Suppliers benefit from a streamlined portal that allows them to customize prices based on factors such as order size, location, and delivery options. This digital approach not only expedites transactions but also promotes transparency, ensuring contractors have access to competitive market prices and flexible payment terms. 

Impressive Market Traction Since its inception, BRKZ has demonstrated remarkable growth and market acceptance. The platform has facilitated over $170 million in quotations, encompassing nearly 1,200 products from more than 350 suppliers. 

This impressive traction underscores the platform’s effectiveness in addressing the procurement challenges prevalent in the construction industry and highlights the significant demand for such innovative solutions.

The successful completion of the Series A funding round reflects strong confidence from both existing and new investors in BRKZ’s vision and execution capabilities.

Dany Farha, co-founder and managing partner at BECO Capital, emphasized the pivotal role of the construction industry in Saudi Arabia’s Vision 2030 and the necessity for technological optimization within the sector. He lauded the BRKZ team for their strategic execution and commitment to driving efficiencies in this rapidly scaling industry.

Farha also highlighted the potential of BRKZ’s financing product to complement their digitized procurement platform, addressing customer cash flow challenges and further solidifying their market position. 

BRKZ has outlined ambitious plans to broaden its operational footprint. In 2025, the company intends to establish offices in Saudi Arabia’s Northern and Southern regions, enhancing its accessibility and service delivery across the Kingdom. Additionally, BRKZ aims to expand its supplier network into global markets, with a particular focus on sourcing from China and India.

This strategic expansion is set to diversify the range of building materials on the platform by offering contractors more options of quality products at affordable prices.

Expanding Technological Capabilities A significant portion of the newly acquired funds is earmarked for advancing BRKZ’s technology platform. The company plans to introduce enhanced features that will further streamline the procurement process, improve user experience, and provide deeper insights into supply chain dynamics. By continually innovating and integrating advanced technologies, BRKZ aims to solidify its position as the go-to solution for construction procurement in the MENA region. 

The construction industry in the MENA region, valued at approximately $2.5 trillion, is characterized by its vast scale and complexity.Contractors often grapple with challenges such as fragmented supply chains, inconsistent pricing, and delayed deliveries.

BRKZ’s platform addresses these issues by providing a centralized, digital marketplace that fosters transparency and efficiency.

By streamlining the procurement process, BRKZ enables contractors to focus more on project execution and less on administrative hurdles, thereby contributing to the timely completion of construction projects.Commitment to Economic Development BRKZ’s initiatives align closely with Saudi Arabia’s Vision 2030, which emphasizes the importance of infrastructure development and economic diversification. 

By enhancing the efficiency of the construction sector through technological innovation, BRKZ is contributing to the Kingdom’s broader goals of modernization and sustainable growth. The company’s efforts not only streamline industry operations but also support the creation of jobs and the development of a more robust economy.