BRKZ: Transforming Construction Procurement in Saudi Arabia
February 11, 2025, 3:32 am
BRKZ
Total raised: $25M
In the heart of Saudi Arabia, a revolution is brewing in the construction industry. BRKZ, a tech-driven marketplace, has secured $17 million in Series A funding, pushing its total to $22.5 million. This funding is not just a number; it’s a lifeline for a sector ripe for change. Founded in 2023 by Ibrahim Manna, a seasoned entrepreneur with a history at Careem, BRKZ aims to untangle the web of inefficiencies that plague traditional construction procurement.
The construction industry is a giant, but it often moves like a sloth. Fragmented processes, manual negotiations, and delayed payments create a perfect storm of inefficiency. Contractors find themselves juggling multiple suppliers, each with their own quirks and timelines. This chaos can lead to costly delays and budget overruns. BRKZ is here to change that narrative.
With its digital platform, BRKZ offers a streamlined solution. Imagine a marketplace where contractors can access over 7,000 SKUs from more than 1,100 local suppliers. In just 20 minutes, they can receive competitive quotes. This is not just convenience; it’s a game-changer. The platform’s embedded financing options align with the cash flow cycles of construction projects, addressing a critical pain point that has long hindered the industry.
The recent funding round included an $8 million Series A2, closed in January 2025, and a $1 million venture debt from Capifly. This follows the initial $8 million Series A1 round from December 2023. All existing investors, including heavyweights like BECO Capital and Aramco’s Waed, have recommitted. Their confidence speaks volumes about BRKZ’s potential.
Since launching its Series A1, BRKZ has seen its revenue soar fourfold in 2024. The company now serves over 850 unique contractors and factories, working on flagship projects like King Salman Park, Neom, and the Red Sea. Its reach has expanded to over 40 cities across Saudi Arabia, with offices in three major regions. The platform has processed a staggering $350 million (SAR 1.3 billion) in requests for quotes (RFQs). These numbers tell a story of rapid growth and acceptance in a traditionally slow-moving industry.
BRKZ’s approach is a breath of fresh air. It combines technology with a deep understanding of the construction landscape. The platform is not just a marketplace; it’s a comprehensive solution that addresses the unique challenges faced by contractors. The built-in financing options are particularly noteworthy. They allow contractors to manage their cash flow more effectively, ensuring that projects stay on track and within budget.
The construction industry in Saudi Arabia is on the brink of a massive transformation. With a project pipeline valued at $3 trillion, the demand for efficient procurement solutions is higher than ever. BRKZ is positioning itself as a key player in this landscape. By leveraging technology, it aims to redefine how contractors and suppliers interact.
The journey of BRKZ is just beginning. The company plans to use its recent funding to scale its technology platform further. This means more features, better user experience, and an even wider range of products. The goal is clear: to become the go-to marketplace for construction materials in the region.
As BRKZ continues to grow, it faces challenges typical of any startup. Competition is fierce, and the construction industry is notoriously resistant to change. However, the momentum is on BRKZ’s side. The rapid adoption of its platform indicates a willingness among contractors to embrace new solutions.
The future looks bright for BRKZ. With a strong foundation and a clear vision, it is poised to lead the charge in transforming construction procurement in Saudi Arabia. The combination of technology and industry expertise is a powerful one. BRKZ is not just another startup; it’s a beacon of innovation in a sector that desperately needs it.
In conclusion, BRKZ is more than a marketplace; it’s a catalyst for change. The recent funding is a testament to its potential. As the construction industry evolves, BRKZ stands ready to meet the challenges head-on. With its tech-enabled platform, it is set to reshape the future of construction procurement in Saudi Arabia. The journey ahead is filled with promise, and BRKZ is leading the way.
The construction industry is a giant, but it often moves like a sloth. Fragmented processes, manual negotiations, and delayed payments create a perfect storm of inefficiency. Contractors find themselves juggling multiple suppliers, each with their own quirks and timelines. This chaos can lead to costly delays and budget overruns. BRKZ is here to change that narrative.
With its digital platform, BRKZ offers a streamlined solution. Imagine a marketplace where contractors can access over 7,000 SKUs from more than 1,100 local suppliers. In just 20 minutes, they can receive competitive quotes. This is not just convenience; it’s a game-changer. The platform’s embedded financing options align with the cash flow cycles of construction projects, addressing a critical pain point that has long hindered the industry.
The recent funding round included an $8 million Series A2, closed in January 2025, and a $1 million venture debt from Capifly. This follows the initial $8 million Series A1 round from December 2023. All existing investors, including heavyweights like BECO Capital and Aramco’s Waed, have recommitted. Their confidence speaks volumes about BRKZ’s potential.
Since launching its Series A1, BRKZ has seen its revenue soar fourfold in 2024. The company now serves over 850 unique contractors and factories, working on flagship projects like King Salman Park, Neom, and the Red Sea. Its reach has expanded to over 40 cities across Saudi Arabia, with offices in three major regions. The platform has processed a staggering $350 million (SAR 1.3 billion) in requests for quotes (RFQs). These numbers tell a story of rapid growth and acceptance in a traditionally slow-moving industry.
BRKZ’s approach is a breath of fresh air. It combines technology with a deep understanding of the construction landscape. The platform is not just a marketplace; it’s a comprehensive solution that addresses the unique challenges faced by contractors. The built-in financing options are particularly noteworthy. They allow contractors to manage their cash flow more effectively, ensuring that projects stay on track and within budget.
The construction industry in Saudi Arabia is on the brink of a massive transformation. With a project pipeline valued at $3 trillion, the demand for efficient procurement solutions is higher than ever. BRKZ is positioning itself as a key player in this landscape. By leveraging technology, it aims to redefine how contractors and suppliers interact.
The journey of BRKZ is just beginning. The company plans to use its recent funding to scale its technology platform further. This means more features, better user experience, and an even wider range of products. The goal is clear: to become the go-to marketplace for construction materials in the region.
As BRKZ continues to grow, it faces challenges typical of any startup. Competition is fierce, and the construction industry is notoriously resistant to change. However, the momentum is on BRKZ’s side. The rapid adoption of its platform indicates a willingness among contractors to embrace new solutions.
The future looks bright for BRKZ. With a strong foundation and a clear vision, it is poised to lead the charge in transforming construction procurement in Saudi Arabia. The combination of technology and industry expertise is a powerful one. BRKZ is not just another startup; it’s a beacon of innovation in a sector that desperately needs it.
In conclusion, BRKZ is more than a marketplace; it’s a catalyst for change. The recent funding is a testament to its potential. As the construction industry evolves, BRKZ stands ready to meet the challenges head-on. With its tech-enabled platform, it is set to reshape the future of construction procurement in Saudi Arabia. The journey ahead is filled with promise, and BRKZ is leading the way.