BRKZ, a leading B2B managed marketplace for construction materials with embedded financing,has successfully closed its second tranche of Series A funding to meet the growing demand forefficient construction procurement and financing in Saudi Arabia.
Riyadh, Saudi Arabia – 10th February 2025; While the MENA region drives forward with $3trillion in infrastructure and building projects, construction companies face a critical challenge:fragmented supply chains and inefficient procurement processes that delay projects and inflatecosts. Today, BRKZ announced it has completed its Series A funding at $17M, bringing totalfunding to $22.5M, to scale its technology platform that’s revolutionizing how contractors sourceand purchase building materials.The funding includes an $8M Series A2 round closed in January 2025, complemented by $1M inventure debt from Capifly, following the initial $8M Series A1 round from December 2023. Allexisting investors strongly recommitted, including BECO Capital, Aramco’s Waed, 9900 Capital,Better Tomorrow Ventures, RZM Investment, Class 5 Global, MISY Ventures, KnollwoodInvestment Advisory, and Fluent Ventures.Founded in 2023 by Ibrahim Manna, serial entrepreneur and former Managing Director atCareem, BRKZ emerged from firsthand experience with construction industry inefficiencies.”Traditional procurement in construction is highly fragmented and manual, often requiringcontractors to juggle multiple suppliers, long negotiations, and delayed payments,” said IbrahimManna, Founder and CEO of BRKZ. “This funding will help us double down on techdevelopment, enhance our BNPL offering aligned with construction cash flow cycles, and expandinto cross-border trading.”Unlike traditional procurement methods, BRKZ’s platform combines a tech-enabled marketplacewith embedded financing solutions, transforming how contractors and suppliers interact. Throughits digital platform, contractors can access over 7,000 SKUs from more than 1,100 local suppliers,receiving competitive quotes within 20 minutes. The platform’s built-in financing options align withconstruction cash flow cycles, addressing a critical pain point in the industry.The platform’s rapid adoption validates its approach. Since launching its Series A1, BRKZ hasgrown revenue fourfold during 2024, now serving more than 850 unique contractors and factoriesacross flagship projects like King Salman Park, Neom, and Red Sea. The company has expanded
its delivery network to over 40 cities across Saudi Arabia, with offices in three major regions, whileprocessing $350m (SAR 1.3 billion) in RFQs through its platform.Real-world applications demonstrate the platform’s transformative impact. A contractor workingin KSA’s central region, awarded a project in the Western Region, used BRKZ to price and procurematerials from local suppliers despite having no team in the project location. Similarly, a localcement block factory broke traditional geographical constraints by listing on BRKZ, expanding itscustomer base while sourcing raw materials through the platform.AbdulRauf H. Al-Matar, AGM at AlRashed Building Materials commented: “Partnering withBRKZ has revolutionized how we connect with contractors and streamline our operations. Theirinnovative approach to digitizing the construction industry is setting a new standard for efficiencyand growth.”Tamer Salah, CEO at AlMimar AlAraby for General Contracting added: “Working with BRKZhas been a game-changer for us. Their focus on understanding contractors’ needs and deliveringtailored solutions has made it easier to meet tight deadlines and exceed customer expectations.BRKZ’s highly advanced technology provides the best e-commerce platform, which makes it easyto manage my orders and get automated updates on their status.”The construction market in MENA represents a massive opportunity, driven by mega-projectsreshaping the region. Major developments like Neom, The Red Sea Project, King Salman Park,and upcoming events like Expo 2030 and FIFA World Cup in Saudi Arabia underscore the urgentneed for innovative, tech-driven solutions to streamline procurement and enhance efficiency.Dany Farha, co-founder and managing partner at BECO Capital, commented: “Theconstruction industry is foundational to the Kingdom’s Vision 2030, and is ripe for technology andorganizational optimization. The BRKZ team has executed its product and operational roadmapto drive efficiencies in this rapidly scaling sector, and we’re excited to continue supporting themin their next chapter. BRKZ’s financing product will complement their digitized procurementplatform and address customer cash flow challenges. Having known Ibrahim and the team foryears, we’ve seen firsthand their agility, prudence, and unique skill set that enable them to fulfilltheir promise of digitizing this industry.”Looking ahead, BRKZ plans to establish offices in Saudi Arabia’s Northern and Southern regionsduring 2025 while expanding its supplier network into global markets, focusing on China and India.The company will continue enhancing its technology platform and financing solutions, positioningitself as the comprehensive solution for construction procurement in the MENA region.Ends
