RIYADH, Saudi Arabia, Feb 12, 2025 – BRKZ announced that it has completed its Series A funding at $17M, bringing total funding to $22.5M, to scale its technology platform that’s revolutionizing how contractors source and purchase building materials.
The funding includes a $8M Series A2 round closed in Jan 2025, complemented by $1M in venture debt from Capifly, following the initial $8M Series A1 round from December 2023. All existing investors strongly recommitted, including BECO Capital, Aramco’s Waed, 9900 Capital, Better Tomorrow Ventures, RZM Investment, Class 5 Global, MISY Ventures, Knollwood Investment Advisory, and Fluent Ventures.
Founded in 2023 by Ibrahim Manna, serial entrepreneur and former managing director at Careem, BRKZ emerged from firsthand experience with construction industry inefficiencies. “Traditional procurement in construction is highly fragmented and manual, often requiring contractors to juggle multiple suppliers, long negotiations, and delayed payments,” said Ibrahim Manna, founder and CEO of BRKZ. “This funding will help us double down on tech development, enhance our BNPL offering aligned with construction cash flow cycles, and expand into cross-border trading.”
Unlike traditional procurement methods, BRKZ’s platform combines a tech-enabled marketplace with embedded financing solutions, transforming how contractors and suppliers interact. Through its digital platform, contractors can access over 7,000 SKUs from more than 1,100 local suppliers, receiving competitive quotes within 20 minutes. The platform’s built-in financing options align with construction cash flow cycles, addressing a critical pain point in the industry.
The platform’s adoption validates its approach. Since launching its Series A1, BRKZ has grown revenue fourfold during 2024, serving more than 850 unique contractors and factories across flagship projects like King Salman Park, Neom, and Red Sea. The company has expanded its delivery network to over 40 cities across Saudi Arabia, with offices in three major regions, while processing $350m (SAR 1.3 billion) in RFQs through its platform.
Real-world applications demonstrate the platform’s transformative impact. A contractor working in KSA’s central region, awarded a project in the western region, used BRKZ to price and procure materials from local suppliers despite having no team in the project location. Similarly, a local cement block factory broke traditional geographical constraint by listing on BRKZ, expanding its customer base while sourcing raw materials through the platform.
AbdulRauf H. Al-Matar, AGM at AlRashed building materials commented: “Partnering with BRKZ has revolutionized how we connect with contractors and streamline our operations. Their innovative approach to digitizing the construction industry is setting a new standard for efficiency and growth.”
Tamer Salah, CEO at AlMimar AlAraby for general contracting added: “Working with BRKZ has been a game-changer for us. Their focus on understanding contractors’ needs and delivering tailored solutions has made it easier to meet tight deadlines and exceed customer expectations. BRKZ’s highly advanced technology provides the best e-commerce platform, which makes it easy to manage my orders and get automated updates on their status.”
The construction market in MENA offers significant opportunity, driven by large projects transforming the region. Key initiatives such as Neom, The Red Sea Project, and King Salman Park, along with upcoming events like Expo 2030 and the FIFA World Cup in Saudi Arabia, highlight the pressing need for innovative, technology-based solutions. These solutions aim to improve procurement processes and increase efficiency.
Dany Farha, co-founder and managing partner at BECO Capital, commented: “The construction industry is foundational to the Kingdom’s Vision 2030, and is ripe for technology and organizational optimization. The BRKZ team has executed its product and operational roadmap to drive efficiencies in this rapidly scaling sector, and we’re excited to continue supporting them in their next chapter. BRKZ’s financing product will complement their digitized procurement platform and address customer cash flow challenges. Having known Ibrahim and the team for years, we’ve seen firsthand their agility, prudence, and unique skill set that enable them to fulfill their promise of digitizing this industry.”
In 2025, BRKZ plans to open offices in the northern and southern regions of Saudi Arabia. The company plans to grow its supplier network in global markets, especially in China and India. BRKZ will keep improving its technology platform and financing solutions. The strategy will strengthen its position as a complete solution for construction procurement in the MENA region.
Source: BRKZ
About BRKZ
Established in 2022 and headquartered in Riyadh, Saudi Arabia, BRKZ is a B2B construction technology startup that offers an online marketplace for building materials. The platform streamlines procurement by providing registration, request-for-quotation issuance via WhatsApp or website, and efficient quotation management. BRKZ aims to empower contractors and builders in the MENA region by bridging materials, equipment, manpower, and financing needs through technology. As of early 2024, the company has facilitated over $170 million in quotations across nearly 1,200 products from more than 350 suppliers. In February 2024, BRKZ secured an $8 million Series A funding round led by 9900 Capital and BECO Capital, bringing its total funding to approximately $14 million. The company employs between 21 to 40 individuals.
