Saudi Arabia’s BRKZ lands $17m to streamline construction procurement with tech

February 10, 2025

BRKZ, a B2B managed marketplace for construction materials with embedded financing, has raised $17m in a Series A funding round to scale its digital procurement platform.

The Saudi Arabia-based firm aims to modernise the construction industry by addressing inefficiencies in material sourcing and financing.

The Series A funding round includes an $8m Series A2 tranche closed in January 2025, an $8m Series A1 tranche from December 2023, and a $1m venture debt contribution from Capifly.

Existing investors reaffirmed their support, with participation from BECO Capital, Aramco’s Waed, 9900 Capital, Better Tomorrow Ventures, RZM Investment, Class 5 Global, MISY Ventures, Knollwood Investment Advisory, and Fluent Ventures.

BRKZ provides a tech-enabled marketplace that streamlines how contractors and suppliers interact, offering access to over 7,000 SKUs from 1,100+ suppliers. The platform delivers competitive quotes in under 20 minutes and incorporates embedded financing options that align with construction cash flow cycles. By digitalising procurement, BRKZ helps contractors overcome supply chain fragmentation, reducing project delays and cost inefficiencies.

The company intends to use the new capital to enhance its technology platform, expand its BNPL (buy now, pay later) financing solutions, and facilitate cross-border trading. Additionally, BRKZ plans to extend its reach within Saudi Arabia by establishing offices in the Northern and Southern regions in 2025 while growing its supplier network in international markets such as China and India.

Since launching its Series A1 round, BRKZ has experienced rapid growth, quadrupling its revenue in 2024. The platform now serves over 850 contractors and factories engaged in key Saudi projects, including King Salman Park, Neom, and the Red Sea Project. The company has expanded its delivery network to over 40 cities and processed $350m (SAR 1.3bn) in RFQs through its system.

Ibrahim Manna, Founder and CEO of BRKZ, said, “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 aligned with construction cash flow cycles, and expand into cross-border trading.”