Construction materials marketplace Brkz in Saudi Arabia secures $9 million in new funding, aiming to complete a $17 million Series A round.
Saudi Arabia-based construction technology startup Brkz has secured $17 million in its Series A funding round. This investment will propel Brkz's growth as the fastest-growing construction-tech startup in Saudi Arabia, backed by leading regional and global venture capital firms.
The startup operates a B2B marketplace that digitizes construction procurement, providing contractors with instant project insights and management tools. The platform connects contractors with suppliers, offering over 7,000 SKUs from more than 1,100 local suppliers. Competitive quotes are available within 20 minutes on the platform.
With the fresh funds, Brkz aims to scale its technology platform to better serve the construction sector in Saudi Arabia and potentially the wider region. The company plans to use the funding for tech development, enhancing its Buy Now Pay Later (BNPL) offering, and expanding into cross-border trading. The startup also intends to expand its supplier network into global markets, with a focus on China and India.
Brkz currently operates offices in three major regions of Saudi Arabia and has recently expanded its delivery network to over 40 cities across the country. The company serves more than 850 unique contractors and factories across major projects and has processed $350 million (SAR 1.3 billion) in RFQs.
Ibrahim Manna, Founder and CEO of Brkz, expressed his excitement about the funding, stating that it will accelerate Brkz’s growth and enable the company to further revolutionise the construction industry in Saudi Arabia and beyond.
This investment brings Brkz's total funding to $22.5 million. The company has seen a significant increase in revenue, with a fourfold growth during 2024. Brkz plans to establish offices in Saudi Arabia's Northern and Southern regions during 2025, further expanding its presence in the Kingdom.
The strong venture capital interest in Saudi tech startups operating in the construction and proptech sectors is evident, with Brkz leading the way in digitalising the construction procurement process. This investment is a testament to the potential of Brkz's platform and its commitment to transforming the construction industry in Saudi Arabia and beyond.
The technology platform developed by Brkz will be scaled to serve the construction sector in Saudi Arabia and potentially the wider region, with plans for enhancements to its Buy Now Pay Later (BNPL) offering and entry into cross-border trading. Brkz also intends to expand its supplier network globally, with a focus on China and India, leveraging technology to further revolutionize the construction industry.
