Construction marketplace Brkz in Saudi Arabia secures $9 million in new financing, aiming to complete a $17 million Series A round
Saudi Arabia's Brkz Secures $17 Million in Series A Funding to Revolutionize Construction Procurement
Brkz, a Saudi Arabia-based construction technology startup, has successfully raised $17 million in its Series A funding round. This investment will enable the company to further scale its platform capabilities and expand its market reach within Saudi Arabia and potentially across borders in the construction sector.
Since raising its Series A1 in December 2023, Brkz has experienced significant growth. The company's revenue has increased fourfold during 2024, and it now serves more than 850 unique contractors and factories. Brkz's platform has processed $350 million (SAR 1.3 billion) in RFQs and expanded its delivery network to over 40 cities across Saudi Arabia.
Brkz operates a B2B marketplace that digitizes construction procurement, connecting contractors with suppliers. The platform offers over 7,000 SKUs from more than 1,100 local suppliers, with competitive quotes available within 20 minutes. This streamlined process aims to simplify procurement, facilitate cross-border trading, and offer tailored financial solutions to contractors and factories.
Ibrahim Manna, Founder and CEO of Brkz, highlighted the need for technological advancements in the construction industry. "Traditional procurement in construction is highly fragmented and manual," he said. "Brkz's platform is designed to address these challenges and bring efficiency to the construction sector."
The investment includes an $8 million Series A2 round closed in January 2025, an $8 million Series A1 round from December 2023, and $1 million in venture debt from Capifly. Brkz is backed by top regional and global venture capitalists, including BECO Capital, STV, and KAUST Ventures.
Dany Farha, co-founder and managing partner at BECO Capital, commented on the potential of the construction industry in Saudi Arabia. "The construction industry in Saudi Arabia is ripe for technology and organizational optimization," he said. "Brkz's innovative approach to construction procurement is a testament to the company's commitment to driving efficiency and growth in the sector."
With this funding, Brkz aims to double down on tech development, enhance its BNPL offering, and expand into cross-border trading. As the fastest-growing construction-tech startup in Saudi Arabia, Brkz is well-positioned to revolutionize the construction industry and redefine the way building materials are procured and exchanged.
[1] Saudi Arabia's Brkz raises $17 million in Series A funding [2] Brkz: The Saudi Arabian construction-tech startup making waves [3] Brkz secures $17 million in Series A funding to streamline construction procurement [4] Brkz: The construction-tech startup transforming the industry in Saudi Arabia [5] Brkz raises $17 million to scale construction procurement in Saudi Arabia
[1] Brkz, a Saudi Arabian construction technology startup, aims to revolutionize the construction industry with its tech-driven approach to procurement.
[2] The recent $17 million Series A funding secured by Brkz will drive advancements in technology to enhance their platform's capabilities and extend market reach in both domestic and international construction sectors.
