- BRKZ secures $17M Series A funding to scale its tech-driven construction procurement platform and embedded financing solutions.
- Revenue quadrupled in 2024, with BRKZ now serving 850+ contractors across major Saudi projects like Neom and King Salman Park.
- Expansion plans include Saudi Arabia’s Northern and Southern regions, along with supplier network growth in China and India.
Riyadh, Saudi Arabia – BRKZ, a leading B2B managed marketplace for construction materials with embedded financing, has successfully closed its $17 million Series A funding. This investment aims to scale its innovative technology platform, optimizing procurement and financing in Saudi Arabia’s booming construction sector.
Addressing Construction Procurement Challenges
With the MENA region investing $3 trillion in infrastructure projects, construction companies are grappling with fragmented supply chains and inefficient procurement processes. BRKZ tackles these issues by providing a digital marketplace that connects contractors with over 1,100 suppliers, offering more than 7,000 SKUs with competitive quotes in just 20 minutes. The platform’s embedded financing solutions further align with construction cash flow cycles, ensuring greater efficiency and cost-effectiveness.
Strategic Funding and Investor Support
The latest funding round includes an $8M Series A2 investment secured in January 2025, supplemented by $1M in venture debt from Capifly. This follows the initial $8M Series A1 raised in December 2023, bringing BRKZ’s total funding to $22.5M. Existing investors, including BECO Capital, Aramco’s Waed, 9900 Capital, and Better Tomorrow Ventures, reaffirmed their commitment, highlighting confidence in BRKZ’s vision.
“Traditional procurement in construction is highly fragmented and manual, requiring contractors to juggle multiple suppliers, lengthy negotiations, and delayed payments,” said Ibrahim Manna, Founder and CEO of BRKZ. “This funding will enable us to enhance our tech platform, expand into cross-border trading, and refine our BNPL offering to better support the industry.”
Rapid Growth and Market Expansion
Since launching its Series A1, BRKZ has quadrupled its revenue in 2024, serving over 850 contractors and factories across key Saudi projects, including King Salman Park, Neom, and the Red Sea Project. The platform has processed an impressive $350M (SAR 1.3 billion) in RFQs, expanding its delivery network to 40+ cities in Saudi Arabia.
Real-World Impact
Contractors and suppliers have experienced firsthand the advantages of BRKZ’s platform. A contractor from Saudi Arabia’s central region efficiently sourced materials for a Western Region project without a local team, leveraging BRKZ’s seamless procurement process. Similarly, a cement block factory expanded its customer base and improved raw material sourcing through the platform.
Industry Leaders Endorse BRKZ’s Innovation
“Partnering with BRKZ has transformed how we connect with contractors and streamline operations, setting a new standard for efficiency.” – AbdulRauf H. Al-Matar, AGM, AlRashed Building Materials
“BRKZ’s advanced e-commerce platform simplifies order management and provides automated updates, ensuring timely and efficient project execution.” – Tamer Salah, CEO, AlMimar AlAraby for General Contracting
The Future of Construction Procurement in MENA
Saudi Arabia’s construction sector is evolving rapidly, with mega-projects like Expo 2030 and the FIFA World Cup on the horizon. Investors see immense potential in BRKZ’s ability to digitize and streamline procurement, enhancing industry efficiency.
“The construction industry is pivotal to Saudi Arabia’s Vision 2030, and BRKZ is at the forefront of driving efficiency and innovation,” said Dany Farha, Managing Partner at BECO Capital.
Looking ahead, BRKZ plans to expand into Saudi Arabia’s Northern and Southern regions while broadening its supplier network in China and India. The company remains committed to advancing its technology and financing solutions, positioning itself as the go-to platform for construction procurement in MENA.
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Last Updated on February 12, 2025 by Safiya K
