• BRKZ raises $17M Series A, including $8M in equity and $1M in debt, with significant investor backing.
  • Platform has grown to 7,000 SKUs and 1,100 suppliers, serving over 850 contractors.
  • Company plans expansion into direct material importing from China and development of AI-powered solutions.

BRKZ, a Riyadh-based construction technology startup, has secured $17 million in Series A funding to revolutionize construction procurement in Saudi Arabia's booming infrastructure sector.

The latest round includes $8 million in equity and $1 million in debt, building on previous investments from notable backers including Aramco's Waed and BECO Capital.

Founded in 2023 by former Careem executive Ibrahim Manna, BRKZ has experienced remarkable growth, expanding its marketplace from 1,200 SKUs and 350 suppliers to over 7,000 SKUs and 1,100 suppliers within a year.

The platform now serves more than 850 contractors and factories, supporting major national projects including King Salman Park, Neom, and the Red Sea Project.

The company's success is reflected in its rapid expansion across Saudi Arabia's Central, Eastern, and Western provinces, with its Request for Quotation (RFQ) volume more than doubling from $170 million last March to $350 million today.

BRKZ addresses critical industry challenges by offering transparent pricing, rapid quote generation, and innovative financing solutions including buy now, pay later options.

Looking ahead, BRKZ plans to diversify its operations by initiating direct material imports from global markets, starting with China and later expanding to India and Turkey.

This strategic move aligns with China's increasing involvement in Saudi Arabia's construction sector and the broader strengthening of Sino-Saudi economic ties.

The fresh capital will support BRKZ's vision of becoming a comprehensive construction ecosystem, encompassing procurement, financing, workforce supply, and equipment services.

"The BRKZ team has executed its product and operational roadmap to drive efficiencies in this rapidly scaling sector," said Dany Farha, co-founder and managing partner at BECO Capital, highlighting the platform's potential to address critical industry challenges.

The company also plans to integrate AI and machine learning capabilities to enhance operational efficiency and pricing predictability.

Edited By Annette George