Riyadh, March 6: BRKZ, a groundbreaking B2B construction tech startup, has secured an $8 million investment in its Series A funding round, bringing its total raised funds to $13.55 million.
Co-led by 9900 and BECO Capital, with contributions from notable investors including Aramco’s Wa’ed Ventures, the funding will propel BRKZ’s mission to modernize the MENA construction industry.
Launched in 2022 by former Careem executive Ibrahim Manna, BRKZ targets the challenges of fragmented supply chains and operational inefficiencies in construction.
By leveraging technology, BRKZ offers unparalleled access to competitive market prices for building materials, connecting contractors with a vast network of suppliers.
With this fresh capital, BRKZ aims to enhance its platform, striving to become a comprehensive hub for the construction sector, and to extend its services across Saudi Arabia and the wider MENA region.
This expansion aligns with Saudi Arabia’s Vision 2030, aiming to attract foreign investments and drive economic growth through a more efficient and transparent construction marketplace.
To date, BRKZ has facilitated over $170 million in quotations, serving a substantial number of products and suppliers.
The company’s innovative approach, including a simple Request for Quotes system via WhatsApp or website, positions it as a key player in the $100 billion construction market in the Kingdom.
Investors have expressed their support and enthusiasm for BRKZ’s potential to transform the construction industry, emphasizing the startup’s alignment with investment philosophies and its contribution to reducing inefficiencies and environmental impact within the sector.
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