BRKZ, a leading Saudi B2B managed marketplace, announced the completion of its $17 million Series A funding round.
The funding includes an $8 million Series A2 round closed in January 2025, $1 million in venture debt from Capifly and the initial $8 million Series A1 round in December 2023, the company said.
All existing investors such as BECO Capital, Aramco’s Waed, 9900 Capital, Better Tomorrow Ventures, RZM Investment, Class 5 Global, MISY Ventures, Knollwood Investment Advisory, and Fluent Ventures participated in the funding, it said.
The latest investment takes the total funding to $22.5 million and will be deployed to scale the company’s technology platform to further improve how contractors source and purchase building materials, BRKZ said.
“This funding will help us double down on tech development, enhance our BNPL offering aligned with construction cash flow cycles, and expand into cross-border trading,” said Ibrahim Manna, Founder and CEO of BRKZ.
Unlike traditional procurement methods, BRKZ’s platform combines a tech-enabled marketplace with embedded financing solutions, transforming how contractors and suppliers interact.
Through its 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 with construction cash flow cycles, addressing a critical pain point in the industry, the company said.
BRKZ said since launching its Series A1, it has grown its revenue fourfold during 2024, serving more than 850 unique contractors and factories across flagship projects like King Salman Park, Neom, and Red Sea.
The company has also expanded its delivery network to over 40 cities across Saudi Arabia, with offices in three major regions, while processing $350 million (SAR 1.3 billion) in RFQs through its platform.
The construction market in MENA represents a massive opportunity for platforms such as BRKZ, driven by mega-projects reshaping 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 urgent need for innovative, tech-driven solutions to streamline procurement and enhance efficiency.
BRKZ said it plans to establish offices in Saudi Arabia’s Northern and Southern regions during 2025, while expanding its supplier network into global markets, focusing on China and India.
The company will also continue enhancing its technology platform and financing solutions, positioning itself as the comprehensive solution for construction procurement in the MENA region.
