Saudi Arabia's BRKZ Secures $17M Investment to Revolutionize Construction Procurement with Innovative Technology

Saudi Arabia’s BRKZ Secures $17M Investment to Revolutionize Construction Procurement with Innovative Technology

BRKZ, a pioneering B2B managed marketplace for construction materials, has successfully secured $17 million in its Series A funding round to enhance its digital procurement platform. This Saudi Arabia-based company is on a mission to revolutionize the construction industry by tackling inefficiencies in material sourcing and financing.

Funding Details and Investor Support

The recent funding round includes an $8 million Series A2 tranche that was closed in January 2025, alongside an $8 million Series A1 tranche from December 2023, and a $1 million venture debt contribution from Capifly. The firm received reaffirmed support from existing investors including:

  • BECO Capital
  • Aramco’s Waed
  • 9900 Capital
  • Better Tomorrow Ventures
  • RZM Investment
  • Class 5 Global
  • MISY Ventures
  • Knollwood Investment Advisory
  • Fluent Ventures

Transforming the Construction Supply Chain

BRKZ offers a tech-enabled marketplace that enhances interactions between contractors and suppliers, providing access to over 7,000 SKUs from more than 1,100 suppliers. The platform is designed to deliver competitive quotes in under 20 minutes and integrates embedded financing options tailored to align with construction cash flow cycles. By digitalizing procurement, BRKZ effectively helps contractors:

  1. Overcome supply chain fragmentation
  2. Reduce project delays
  3. Minimize cost inefficiencies

Future Plans and Market Expansion

With the newly acquired capital, BRKZ plans to:

  • Enhance its technology platform
  • Expand its BNPL (Buy Now, Pay Later) financing solutions
  • Facilitate cross-border trading
  • Establish offices in the Northern and Southern regions of Saudi Arabia by 2025
  • Grow its supplier network in international markets like China and India

Rapid Growth and Impact on Major Projects

Since initiating its Series A1 round, BRKZ has experienced remarkable growth, quadrupling its revenue in 2024. The platform currently serves over 850 contractors and factories associated with significant Saudi projects such as:

  • King Salman Park
  • Neom
  • The Red Sea Project
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Additionally, BRKZ has expanded its delivery network to over 40 cities and processed approximately $350 million (SAR 1.3 billion) in RFQs through its system.

Leadership Vision

Ibrahim Manna, Founder and CEO of BRKZ, emphasized the need for modernization in construction procurement, stating, “Traditional procurement in construction is highly fragmented and manual, often requiring contractors to juggle multiple suppliers, long negotiations, and delayed payments. This funding will help us double down on tech development, enhance our BNPL offering, and expand into cross-border trading.”

For more insights into B2B marketplaces in construction, visit our related articles. To learn about the latest trends in construction technology, check out the industry updates.

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