RIYADH, Saudi Arabia, Sep 15, 2026 – BRKZ has raised $31 million to expand AI-based pricing and fulfillment across its construction procurement platform and add financing options for contractors and suppliers. The funding combines $13 million in Series B equity with $18 million in growth debt.
Wa’ed Ventures and 500 Global co-led the equity round, with participation from BECO Capital and Anb Seed Fund. Stride Ventures committed the $18 million under BRKZ’s previously announced $30 million venture debt facility. The debt will support working capital and customer payment terms.
BRKZ serves more than 1,500 contracting companies and 150 building materials factories through about 2,100 local and international suppliers. Since its founding, the company has sold more than $133 million (SAR 500 million) in locally sourced and imported building materials. Its platform has processed more than $1.37 billion (SAR 5.13 billion) in requests for quotation.
The procurement platform connects contractors, distributors and factories with material suppliers. BRKZ handles pricing, quality checks, logistics and commercial terms across local and international sourcing.
“The past twelve months have reinforced why we built BRKZ,” said Ibrahim Manna, founder and CEO of BRKZ. “Even amid significant regional and supply-chain disruptions, we achieved record growth because contractors and factories still need reliable access to materials, competitive pricing and dependable fulfillment. Having spent our first years building the supply network, infrastructure and data to digitize procurement at scale, we can now make that infrastructure significantly smarter and, with this funding, extend our reach across Saudi Arabia and the region.”
“Our continued investment in BRKZ reflects our confidence in the company’s ability to make building materials procurement more efficient, connected and data driven. We look forward to supporting the team as they further advance their AI capabilities and scale their impact across Saudi Arabia and the wider region,” said Anas Alghatani, CEO, Wa’ed Ventures.
“Building materials procurement is one of the largest, least digitized categories in the Saudi economy, and BRKZ has methodically built the infrastructure and data needed to solve it at scale,” said Amjad Ahmad, managing partner at 500 Global. “Our decision to co-lead this round was driven by the team’s demonstrated execution: BRKZ sustained growth despite significant regional supply-chain disruption because contractors rely on the platform to deliver. This speaks to the strong operational foundation. We look forward to supporting the team as they deepen their AI capabilities, expand embedded financing, and grow across the region.”
Commenting on the investment, Khalid S. Alghamdi, CEO of Anb Capital, said: “Saudi Arabia is building at extraordinary scale, and BRKZ is transforming how one of the Kingdom’s largest industries operates. By combining proprietary data, AI and embedded financing, the company is addressing a real and significant challenge in the construction supply chain. With more than SAR 5 billion of RFQs already processed, BRKZ has demonstrated both execution and scale. At anb capital, we see the potential for BRKZ to become an important technology-enabled infrastructure platform for the Kingdom and, over time, the wider region.”
BRKZ has assembled about 38 million data points covering more than 13,000 product records and 2,100 suppliers. Its AI pricing system is trained on about 40,000 RFQs and predicts buy and sell prices while recommending suppliers for individual orders. BRKZ said 84% to 89% of predictions fall within 5% of the final transaction price. Procurement staff retain final oversight.
BRKZ also uses AI agents for delivery processing. Nusa, its delivery agent, reads photos of bulk-cement delivery notes sent by transporters through WhatsApp, matches them with orders, verifies quantities and closes completed deliveries. Staff handle exceptions, while about three-quarters of delivery notes are processed without manual override.
BRKZ also uses AI to support payment-term decisions based on its payment-behavior records. The company’s finance team retains final approval.
The new capital will be used to:
- Expand AI use across quotation, pricing and fulfillment workflows.
- Extend operations across raw-material sourcing and last-mile delivery.
- Expand cross-border sourcing and trading with China and India, including specialty and private-label building materials.
Earlier in 2026, BRKZ received an investment from SIC, the investment arm of the Saudi Industrial Development Fund (SIDF).
Source: BRKZ
About BRKZ
BRKZ is a construction technology company founded in 2022 and headquartered in Riyadh, Saudi Arabia. The company operates a digital procurement platform for construction and raw materials. It connects contractors, factories and other businesses with local and international suppliers. BRKZ handles sourcing, pricing, quality checks, logistics and commercial terms. Its catalog includes cement, steel, aggregates, blocks, tiles, wood and other construction materials. The company also provides financing options and manages deliveries across construction supply chains. BRKZ uses AI for pricing, supplier recommendations, delivery verification and payment-term analysis. Its pricing system uses about 38 million structured data points and 40,000 requests for quotations. BRKZ serves more than 1,500 contracting companies and 150 building materials factories. Its network includes about 2,100 local and international suppliers. BRKZ supplies contractors and businesses working on developments including The Red Sea Project, Diriyah, Qiddiya, ROSHN and King Salman Park. The company has raised more than $70 million in equity and debt financing since its founding.
