Riyadh-based BRKZ, a construction tech startup focused on digitizing material procurement, has raised $17 million in Series A funding.
The round includes $8 million in new equity and $1 million in debt, bringing its total Series A funding to $17 million following an earlier $8 million Series A1 round last year.
Investors backing BRKZ include Aramco’s Waed, BECO Capital, Better Tomorrow Ventures, Class 5 Global, Fluent Ventures, Knollwood Investment Advisory, MISY Ventures, RZM Investment, and 9900 Capital.
Solving Procurement Challenges in a Booming Market
With Saudi Arabia’s Vision 2030 driving trillion-dollar infrastructure projects, the construction industry faces fragmented procurement, price volatility, and supply chain inefficiencies. BRKZ addresses these pain points through a tech-enabled marketplace, offering:
- Transparent pricing and real-time quotes (within 20 minutes)
- Buy now, pay later (BNPL) financing for contractors
- Streamlined procurement for essential materials like cement, steel, and wood
Since launching in 2023, BRKZ has expanded from 1,200 SKUs and 350 suppliers to 7,000 SKUs and 1,100 suppliers. Major projects using BRKZ include King Salman Park, NEOM, and the Red Sea Project.
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Rapid Growth and Expansion Plans
The company has scaled rapidly, now operating in 40+ cities across Saudi Arabia’s Central, Eastern, and Western regions. The company’s RFQ (request for quote) volume has more than doubled from $170 million in March 2024 to $350 million (SAR 1.3 billion) today.
With its latest funding, the startup plans to:
- Expand into Saudi Arabia’s Northern and Southern provinces
- Introduce workforce supply and equipment rental services to build a full-service ecosystem
- Enhance AI-powered automation for pricing and procurement predictions
Importing Materials to Meet Demand
BRKZ is shifting its strategy to import construction materials directly from global markets, starting with China, followed by India and Turkey. By creating a trade corridor between China and Saudi Arabia, the company aims to:
- Secure hard-to-source materials
- Lower costs and reduce supply chain disruptions
- White-label imported goods for resale to contractors and developers
Building Saudi’s Leading Construction Ecosystem
Beyond materials procurement, BRKZ is positioning itself as a full-service construction platform, integrating:
- Procurement (core business)
- Financing (BNPL and credit solutions)
- Workforce supply
- Equipment procurement and rental
Ibrahim Manna, founder and former Careem executive, shared:
“We’re creating an all-in-one construction ecosystem, making procurement, financing, and workforce management seamless for contractors.”
Looking Ahead
Since its launch, BRKZ has raised $22.5 million across pre-seed, seed, and Series A rounds. The company has seen 4x revenue growth year-over-year and a 46% increase in valuation.
With strong investor backing and positive unit economics, BRKZ is well-positioned to become a key player in Saudi Arabia’s booming construction industry, streamlining operations for contractors, suppliers, and developers.
