Riyadh, Saudi Arabia – As Saudi Arabia’s construction sector continues its rapid expansion, Riyadh-based start-up BRKZ has announced an additional $8 million in equity funding, successfully closing its Series A round. This latest investment doubles the previously raised amount, bringing the total Series A funding to $17 million, alongside an additional $1 million in debt financing. With this, BRKZ’s total funding now stands at $22.5 million.
Founded in 2022, BRKZ has positioned itself as a crucial player in Saudi Arabia’s $3 trillion infrastructure program, a key component of the Kingdom’s Vision 2030 development strategy. “Many people don’t understand the magnitude of what’s happening in Saudi Arabia right now,” said Ibrahim Manna, Founder and CEO of BRKZ. “The scale of projects such as Neom, World Expo 2030, and the 2034 FIFA World Cup, along with all the associated infrastructure, is enormous.”
Revolutionizing Construction Procurement
BRKZ operates an online procurement platform that connects contractors with raw material suppliers. The platform also integrates transport and logistics providers, facilitating seamless shipping and fulfillment. By streamlining procurement in an industry historically characterized by fragmentation, BRKZ enables efficiency and cost savings for contractors and suppliers alike.
The company’s impact is evident through its rapid growth. Over 2024, BRKZ’s revenues quadrupled, with the platform facilitating the delivery of 8.25 million construction blocks—equivalent to three Pyramids of Giza—and over 40,000 tons of steel, matching the amount used in constructing the Burj Khalifa, the world’s tallest building.
Currently, the platform has onboarded approximately 1,100 suppliers and 500 transport providers, catering to an average of 250 active contractors each month. Contractors post their material requirements for free, while BRKZ generates revenue through commission fees paid by suppliers when securing orders.
Market Endorsement and Investor Confidence
The platform has received strong endorsements from industry players. “This innovation has made a huge difference to our business,” said Tamer Salah, CEO of AlMimar AlAraby, a contractor using BRKZ. “It has made it easier to meet tight deadlines and exceed customer expectations by streamlining order management and automating updates.”
The Series A round has attracted a diverse group of investors, including BECO Capital, Aramco’s Waed, 9900 Capital, Better Tomorrow Ventures, RZM Investment, Class 5 Global, MISY Ventures, Knollwood Investment Advisory, and Fluent Ventures. “The construction industry is foundational to Vision 2030 and is ripe for technology-driven optimization,” said Dany Faha, Co-founder and Managing Partner at BECO Capital. “BRKZ has effectively executed its roadmap, driving efficiencies in this rapidly growing sector.”
Future Growth and Expansion Plans
BRKZ plans to expand its financing activities, offering funding solutions to contractors meeting its lending criteria. Additionally, the company is broadening its geographic footprint by integrating suppliers from international markets such as China and India. “Traditional procurement in construction is highly fragmented and manual,” explained Manna. “This funding will help us double down on technology development, enhance our buy-now-pay-later offering aligned with construction cash flow cycles, and expand into cross-border trading.”
With Saudi Arabia’s construction sector at an all-time high, BRKZ is well-positioned to capitalize on the growing demand for streamlined, technology-driven procurement solutions.
