BRKZ Secures $17M to Transform Construction Procurement, Expands in Saudi Arabia Aligned with Vision 2030

February 10, 2025
BRKZ Secures $17M to Transform Construction Procurement, Expands in Saudi Arabia Aligned with Vision 2030
  • The MENA construction market is witnessing substantial growth, with a $3 trillion investment in infrastructure projects, highlighting the need for efficient procurement solutions.

  • Founded in 2023 by Ibrahim Manna, BRKZ is revolutionizing the construction procurement process with its tech-enabled platform that connects contractors to a wide array of suppliers and materials.

  • Recently, the company raised a total of $17 million in Series A funding, including $9 million in its latest round, backed by prominent investors such as Aramco’s Waed and BECO Capital.

  • Looking ahead, BRKZ plans to open offices in Northern and Southern Saudi Arabia in 2025 and expand its supplier network into international markets, particularly targeting China and India.

  • The platform integrates financing solutions tailored to the construction cash flow cycles, addressing significant pain points in the industry.

  • Ultimately, BRKZ aims to evolve into a comprehensive construction ecosystem, addressing procurement, financing, workforce supply, and equipment rental.

  • The platform provides contractors access to over 7,000 SKUs from more than 1,100 local suppliers, enabling them to receive competitive quotes in just 20 minutes.

  • In a fragmented construction sector characterized by multiple small firms, BRKZ's platform addresses inefficiencies in procurement by streamlining connections between contractors and suppliers.

  • Industry experts, including Dany Farha from BECO Capital, emphasize that BRKZ's innovations align with Saudi Arabia's Vision 2030 goals, enhancing efficiency in the construction sector.

  • Industry leaders have praised BRKZ for its innovative approach to digitizing construction procurement, streamlining operations, and enhancing efficiency.

  • In 2024, BRKZ's revenue quadrupled, serving over 850 contractors and factories involved in significant projects like King Salman Park and Neom.

  • Since its launch, BRKZ has expanded its delivery network to cover over 40 cities in Saudi Arabia, processing $350 million in requests for quotes (RFQs) through its platform.

Summary based on 8 sources


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