Saudi Construction Tech Startup BRKZ Secures $8 Million Series A
The startup aims to address industry challenges like fragmented supply chains and operational inefficiencies.
BRKZ, a B2B construction tech startup launched in 2022, has secured $8 million in Series A funding aimed at transforming the building materials sector within the MENA region. This investment, co-led by 9900 and BECO Capital, with contributions from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures, brings BRKZ's total funding to $13.55 million. The initial seed round of $5.55 million was led by Better Tomorrow Ventures, with support from Class 5 Global, Knollwood Investment Advisory, Plus VC, and strategic Saudi angel investors.
Founded by Ibrahim Manna, a former Careem executive and seasoned logistics entrepreneur, the startup aims to address industry challenges like fragmented supply chains, operational inefficiencies, and limited access to financing through technology.
“The investment underscores BRKZ’s commitment to digitizing buying and selling building materials, promoting transparency, and fostering efficient contractor financing,” Ibrahim Manna tells StartupScene. “It comes at a pivotal moment for BRKZ, enabling us to grow further within the $100billion construction market here in KSA. We’re set to drive significant change, through tech, across every single touchpoint relevant to how building materials are sourced and supplied in a sector crucial to our economic landscape.”
For buyers, BRKZ provides a platform offering access to competitive prices from a diverse range of suppliers, along with various delivery and payment options. One of the standout features is the ability to request quotes quickly and easily through WhatsApp or the website, streamlining the procurement process. Suppliers, on the other hand, benefit from engaging with BRKZ by gaining access to a broader customer base. The platform simplifies supplier interactions, allowing them to customize prices based on factors such as size, location, and delivery preferences.
The MENA region boasts a substantial market for infrastructure, transport, and building projects, estimated at approximately $2.5 trillion. BRKZ aims to connect construction businesses with reliable suppliers of building materials to empower contractors and enhance their potential. Through their platform, BRKZ has facilitated over $170 million in quotations across nearly 1,200 products from more than 350 suppliers.
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