BRKZ Bags $17M to Digitize Construction Procurement in Saudi’s $3T Boom
Saudi Arabia is making big moves with its infrastructure. The Mena region drives forward $3 trillion with its building projects, but construction companies face critical challenges like fragmented supply chains and inefficient procurement processes that lead to delayed projects, payments and lengthy negotiations.
To tackle this issue, BRKZ, a Riyadh-based construction tech startup,
announced the scale of its technology platform that will revolutionise how contractors source and purchase building materials. Also, they completed their A Series funding at $17M – a cost that will help them to scale their platform better.
$17M funding includes an $8M Series A2 round closed in January 2025; it was complemented by Capifly in venture debt of $1M. After that, it was followed by an initial $8M Series A1 round from December 2023.
BRKZ has interesting facts and figures, with an exciting number of company valuations at 46% in the last year and raising $22.5 million, including $5.5 million from pre-seed and seed rounds within the two years of its launch.
Existing investors re-participated, including BECO Capital, RZM Investment, Class 5 Global, MISY Ventures, Knollwood Investment Advisory, Fluent Ventures, Aramco’s Waed, 9900 Capital, and Better Tomorrow Ventures.
BRKZ’s Background:
A platform changing the way how contractors and suppliers interact, where tech-enabled marketplace meets embedded financing solutions. On BRKZ, you, as a contractor,r can access over 7,000 SKUs from more than 1,100 local suppliers, receiving competitive quotes within 20 minutes. The most exciting part is that it addresses the pain point of the industry, streamlining cash flow cycles with built-in financing options.
BRKZ has served 850 contractors and big names like flagship projects of King Salman Park, Neom, and Red Sea. Expansion to 40 cities and the launch of its Series A1 processing $350m (SAR 1.3 billion) in RFQs through its platform all of these things validate its approach of rapid adoption.
BRKZ is planning to expand its network in global markets in 2025, especially in China and India, with a mission and vision of consistently upgrading and enhancing its technology platform and financing solutions and positioning itself as the comprehensive solution for construction procurement in the MENA region.
BRKZ’S Future Plans
- Full-service construction ecosystem
They aim to address four pillars of any project to provide a full construction ecosystem:
- Procurement
- Financing
- Workforce supply
- Equipment procurement/rental
- AI and complete platform package:
Former Careem executive Manna believes expanding into workforce and equipment services will help BRKZ become a complete platform for contractors and developers. The company plans to use AI and machine learning to automate pricing, purchase orders, and other processes, improving BRKZ’s and its partners’ efficiency. The newly raised capital will fuel expansion into Saudi Arabia and help BRKZ establish itself as a leading procurement hub. Investor Dany Farha from BECO Capital supports the company’s growth, highlighting its financing product as a solution to contractors’ cash flow challenges.
