Saudi Brkz closes the $ 17 million series A for its construction technology platform

The acquisition of construction is highly fragmented, manual and opaque, which forces contractors to juggle with multiple suppliers, support long negotiations and treat delayed payments. In Saudi Arabia, where an infrastructure of billion dollars and real estate projects are underway, these inefficiencies are even more pronounced.

To address this, BRKZA RIAD -based construction technology startup offers a manager with administered technology that speeds up acquisitions and provides personalized financing solutions. The company has raised $ 9 million ($ 8 million in capital and $ 1 million in debt), which raises its total financing of the A $ 17 million series, and investors double.

Existing investors, including Aramco’s Waed, Beco Capital, Better Tomorrow Ventures, Global Class 5, Fluent Ventures, Knollwood Investment Advisory, Misy Ventures, Rzm Investment and 9900 Capital are participated again.

This follows the $ 8 million series A1 round announced last March.

Maná de IbrahimFormer executive of the subsidiary of Uber Carem, Brkz founded in 2023 after experiencing these first -hand challenges.

“After Careem’s departure from Uber, I bought a family house in May 2020 and faced the inefficiencies of the construction chain, a visibility hare in the selection of materials, uncertainty around the whereabouts of goods and volatility of prices, “Manna told TechCrunch. “That frustration made me realize how outdated the industry and that presented a great opportunity that is worth exploring.”

Supply of construction materials

Manna says he met with more than 100 suppliers and contractors in the EAU, Saudi Arabia and Pakistan to obtain a clear image of the construction acquisition challenges in the region. He discovered that while the market was broken everywhere, Saudi Arabia stood out as the most enormous opportunity, driven by vision 2030 of the country and the strong tail winds of the market.

In BRKZ, contractors and factories can acquire essential construction materials such as cement, steel and wood. They benefit from transparent prices, competitive appointments in just 20 minutes and buy now, pay subsequent financing, while factories can obtain raw materials and expand their customer base.

Similarly, the platform crosses the usual obstacles of high transport costs and coordination problems in all regions. During the past year, BRKZ has grown from 1,200 sku and 350 suppliers to more than 7,000 sku and 1,100 suppliers. Since its A1 series, the income has quadrupled in 2024, with more than 850 contractors and factories that use BRKZ for important projects such as King Salman Park, Neom and the Red Sea project.

BRKZ has aggressively expanded to more than 40 cities in the central, oriental and western provinces of Saudi Arabia, which increases its RFQ volume of $ 170 million last March to $ 350 million (SAR 1.3 billion) today. The construction technology company intends to extend its scope to the North and South provinces, Manna said.

Income diversification

To stay at the forefront of the curve, BRKZ will seek to diversify its income flows, which it currently generates through transaction rates and financing solutions, including Buy credit offers now, payment later and personalized.

Manna says that while BRKZ works with contractors, she wants to start dealing with developers and suppliers, a set of customers with different needs, materials and price models, which require a broader range of supply options. The company plans to start importing construction materials difficult to obtain directly from global markets, starting with China this year and later India and Turkey to meet this growing demand in the country.

“We are quite excited to build or enable a trade corridor between China and Saudi as we begin to import goods, we know our contractors, suppliers and others would like to obtain from China. If materials are needed out of Saudi, we will get them, we will label these goods white and sell them to contractors, developers and suppliers in Saudi. Our approach is to deepen Saudi Arabia, ”he shared. This marks a change in Brkz’s previous ambitions to expand in the Mena region.

In particular, the movement is aligned with China’s efforts to strengthen ties with the Middle East markets in the middle of the uncertainty around the United States commercial policies. Given the rise of the construction of Saudi Arabia and the important role of China in megaprojects such as Neom and the Line, BRKZ’s import strategy could benefit from commercial incentives at the government level and financing agreements between the two nations.

Full service construction ecosystem

Beyond the materials, BRKZ aims to become an ecosystem of construction of full service when addressing four pillars of any project: acquisitions (its main business today), financing (BNPL and credit solutions), supply of workforce and acquisition /equipment rental. Manna, who was the Managing Director of Careem Global Markets, says that expanding to the workforce and team services will make BRKZ a end -to -end platform for contractors and developers.

In addition, an important approach in terms of the product will take advantage of AI and automatic learning to automate the predictability of prices, the generation of purchase orders and other internal processes, improving efficiency for the company, as well as contractors and suppliers.

The newly high capital will put the company on the way to become that integral acquisition center that foresees, together with the expansion of the expansion to Saudi Arabia.

“BRKZ’s team has executed its product and operations roadmap to boost efficiency in this fast -scale sector, and we are excited to continue supporting them in their next chapter. BRKZ’s financial product will complement its digitalized acquisition platform and address customer cash flow challenges, “said Dany Farha, co -founder and manager of Beco Capital.

Since its launch two years ago, BRKZ has raised $ 22.5 million, including $ 5.5 million of previous rounds and seeds. Manna says that the company’s valuation has grown by 46% in the last year, which reflects a 4x income growth year with a positive unitary economy.