KSA-Based BRKZ Closes US$17 Million In Series A Round

BRKZ, a KSA-based business-to-business (B2B) managed marketplace for construction materials with embedded financing, secured US$17 million in Series A funding, raising its total funding to $22.5 million.

The funding will go toward expanding BRKZ's technology platform, which is transforming the way contractors source and buy building materials in the Kingdom. 

The funding round featured an $8 million Series A2, which was closed in January 2025, alongside $1 million in venture debt from Capifly, building on the initial $8 million Series A1 secured in December 2023. Demonstrating strong confidence in BRKZ’s vision, all existing investors doubled down on their support, including BECO Capital, Aramco’s Waed, 9900 Capital, Better Tomorrow Ventures, RZM Investment, Class 5 Global, MISY Ventures, Knollwood Investment Advisory, and Fluent Ventures. 

Founded in 2023 by former Careem managing director Ibrahim Manna, BRKZ was created to tackle inefficiencies in construction procurement. The platform's quick adoption highlights the success of its approach. The company quadrupled its revenue in 2024 and now serves over 850 unique contractors and factories involved in major projects like King Salman Park, NEOM, and Red Sea. The company has expanded its delivery network to more than 40 cities across Saudi Arabia, with offices in three key regions, and has processed $350 million in Requests for Quotations (RFQs) through its platform. 

In an interview with Inc. Arabia, Manna, who's the CEO of BRKZ, noted that even with the MENA advancing $3 trillion in projects, the industry still faces fragmented supply chains and outdated processes that drive up costs and delays. “The construction supply chain in the MENA region has long struggled with inefficiencies — lack of pricing transparency, fragmented supplier networks, slow procurement processes, and significant cashflow challenges,” he said. “Contractors and factories often face delays due to unpredictable material availability and rigid payment structures that don’t align with their project cycles. Many are forced to navigate multiple suppliers, negotiate prices independently, and manage complex logistics, which creates inefficiencies and cost overruns.” 

BRKZ addresses these challenges by providing a simple, tech-enabled platform for sourcing, logistics, and payments for contractors and suppliers in Saudi Arabia. Its platform grants contractors and factories access to a vast catalog of 7,100 building material stock keeping units (SKUs) from more than 1,100 suppliers across Saudi Arabia and handles procurement and logistics, ensuring a more efficient and reliable supply chain. To further support contractors, BRKZ also tackles cash flow challenges with an embedded financing solution that provides credit options tailored to contractors’ payment cycles, with the aim of reducing financial strain.  

Beyond just connecting buyers and suppliers, BRKZ functions as a managed marketplace, overseeing sourcing, logistics, and payments to guarantee quality, competitive pricing, and dependable delivery. Its platform — accessible via an app, website, and WhatsApp chatbot — ensures a seamless, fully digital procurement experience. 

Manna highlighted that with the MENA construction market booming on the back of mega-projects like NEOM, The Red Sea Project, King Salman Park, and upcoming events such as Expo 2030 and the FIFA World Cup 2034 in Saudi Arabia, the demand for innovative, tech-powered solutions to streamline procurement and boost efficiency is on the rise.

To fulfill that need, BRKZ aims to open offices in Saudi Arabia's northern and southern regions in 2025, while expanding its supplier network into global markets, particularly China and India. Manna believes that this expansion will address gaps that local suppliers may struggle to fill. By partnering with international manufacturers, BRKZ ensures contractors have dependable access to specialized materials and long-lead time items essential for large-scale projects, reducing delays and improving supply chain reliability. 

In addition to sourcing, BRKZ has launched its own brand of steel binding wires, which it now supplies to local vendors. By year-end, Manna is ambitious that the platform will allow contractors and distributors to track materials from production to delivery, providing insights into timelines, costs, and logistics — boosting planning, budgeting, and trust in the supply chain.  

The company will also keep refining its technology platform and financing solutions, strengthening its position as the go-to solution for construction procurement across the MENA region. For Manna, BRKZ’s asset-light model — operating without a fleet or warehouses — has allowed the company to deliver efficiently in over 40 cities across Saudi Arabia.  

As for his ambitious plans to expand to other regions of Saudi Arabia, Manna said, “As we expand further into the Northern and Southern regions, we’re complementing this flexibility by establishing local teams to deepen relationships with regional suppliers and distributors. This not only strengthens our ties with the local supply chain but also gives us greater access to region-specific materials and more competitive pricing, enhancing our ability to better serve contractors with faster deliveries and tailored solutions.” 

He added, “This expansion aligns with our long-term strategy to be the go-to procurement partner across the Kingdom, offering a seamless, tech-enabled experience with consistent material availability and flexible financing options. By combining national reach with localized partnerships, BRKZ is uniquely positioned to support Saudi Arabia’s growing infrastructure needs and contribute to the success of projects in every corner of the Kingdom.”  

Pictured on image: The BRKZ team. Image courtesy BRKZ.