Construction Tech Platform BRKZ Secures $8 Million in Funding

Preeti Bali / 12:53 pm / March 7, 2024

BRKZ, a business-to-business (B2B) construction technology company, has secured $8 million in its Series A funding round. The round was co-led by investment firms 9900 and BECO Capital, with additional participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures.

This latest investment brings BRKZ’s total funding to $13.55 million, following a previous $5.55 million seed round led by Better Tomorrow Ventures.

Growth Plans and Market Expansion

The proceeds from this Series A round will be used to strengthen BRKZ’s internal technology and capabilities, according to a company press release. Additionally, the funding will fuel the company’s expansion plans across Saudi Arabia and into new markets.

Streamlining B2B Construction Procurement

Founded in 2022 by Ibrahim Manna, BRKZ offers a platform that connects construction businesses with a vast network of suppliers and building materials. They provide users with multiple delivery and payment options to streamline the procurement process.

While BRKZ doesn’t facilitate direct online purchases at this time, it allows buyers to generate and share requests for quotations (RFQs) through a user-friendly app or via WhatsApp.

Supplier Benefits and Market Landscape

The platform also features a simplified portal for suppliers, enabling them to customize pricing based on factors like project size, location, and chosen delivery methods. BRKZ boasts over $170 million in facilitated quotations across nearly 1,200 products from more than 350 suppliers to date.

BRKZ competes in the B2B construction marketplace alongside established players like OfBusiness, Moglix, and Infra.Market.


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