The Saudi Brkz closes the $ 17 million series on the construction technology platform ncvrs.com

Building procurement is very fragmented, manual and opaque, and forcing entrepreneurs to juggle with more suppliers, carry out long negotiations and deal with delayed payments. In Saudi Arabia, where the trillion infrastructure and real estate projects are in progress, these efficiency is even more pronounced.

Treatment of this, BrkzThe Riyadh -based construction technology launch, which offers a technology -managed market that rationalizes procurement and offers customized financing solutions. The company raised $ 9 million ($ 8 million in capital and $ 1 million in debt), making it a total of $ 17 million, doubling investors.

Existing investors, including Aramco’s Waed, Better Tomorrow Ventures, Class 5 Global, Fluent Ventures, Knollwood Investment Advisory, Misy Ventures, RZM Investment and 9900 capital.

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

Ibrahim MannaFormer Careem Managing Director, Uber’s subsidiary, founded BRKZ in 2023 after first -hand challenges.

“After leaving Careem to Uber, I bought a family house in May 2020 and confronted the efficiency of the building supply chain – the visibility of the material, the uncertainty of the place of residence and the price fluctuation,” Manna told Techcrunch. “This frustration made me realize how obsolete the industry was, and it was a huge opportunity to discover.”

Obtaining building materials

Manna says she has met more than 100 suppliers and entrepreneurs in the United Arab Emirates, Saudi Arabia and Pakistan to get a clear picture of construction procurement challenges in the region. He found that while the market was broken everywhere, Saudi -Arabia was the most effective opportunity, which was fueled by Vision 2030 and the strong market back wind.

BRKZ -NA entrepreneurs and factories can obtain basic building materials such as cement, steel and wood. Transparent pricing, competitive quotes are in just 20 minutes, and now buy, pay for subsequent financing, while factories can acquire raw materials and expand their customer base.

Similarly, the platform crosses the usual obstacles to the coordination issues between high transport costs and regions. Last year, BRKZ has grown from 1,200 sku and 350 suppliers to over 7,000 sku and 1,100 suppliers. Since the A1 series, revenue has quadrupled in 2024, with more than 850 entrepreneurs and factories using BRKZ for larger projects such as King Salman Park, Neom and Red Sea project.

BRKZ has aggressively expanded to more than 40 cities in the central, eastern and western provinces of Saudi -Arabia, increasing the RFQ volume from March $ 170 million last year to $ 350 million (SAR 1.3 billion). The construction Tech Company intends to extend the reach of the northern and southern provinces, Manna said.

Diversification of revenue

Staying in front of the curve, BRKZ strives to diversify its sources of revenue, which is currently generated by transaction fees and financing solutions, including Buy Now, Pay’s later salary and customized credit.

Manna says that while BRKZ works with entrepreneurs, she wants to start customers with developers and suppliers, various needs, materials and pricing models that require wider procurement opportunities. The company plans to start importing hard -to -market building materials directly from global markets, starting with China and later with India and Turkey to meet the country’s growing demand.

“We are very excited about building or enabling the corridor between China and Saudi when we start importing goods that we know our entrepreneurs, suppliers and others want to obtain from China. If materials are needed outside Saudi, we get them, white labels these goods and sell them to entrepreneurs, developers and suppliers in Saudi. We focus on going deeper into Saudi Arabia, ”he shared. This indicates that earlier efforts to BRKZ are expanding in the Mena region.

Namely, the move is in line with China’s efforts to strengthen relations with near -eastern markets in the midst of uncertainty around American commercial policies. Given Saudi Arabia’s construction boom and a significant role in China, megpejects such as Neom and Line, BRKZ import strategy, can benefit from government-level commercial incentives and financing transactions between the two nations.

Full service building ecosystem

In addition to the materials, the aim of the BRKZ is to become a full-service construction ecosystem by dealing with four columns of any project: procurement (today’s basic business), financing (BNPL and credit solutions), labor supply and acquisition/rental. Manna, managing director of the Careem Global Market, says that the extension to labor and equipment services makes BRKZ a complete platform for entrepreneurs and developers.

In addition, it is an important focus point product to use AI and machine learning to improve pricing, generate order and other internal processes, and the efficiency of entrepreneurs and suppliers.

The newly raised capital prompts the company to become a comprehensive purchase center it requires, while expanding to Saudi Arabia.

“The BRKZ team has implemented its product and operational schedule to increase efficiency efficiency in this fast -scale industry, and we are excited to continue to support them in the next chapter. The BRKZ financing product complements its digitized procurement platform and addresses customers’ cash flow challenges, ”said Dany Farha, co-founder and managing partner at Berco Capital.

Since its launch two years ago, BRKZ has raised $ 22.5 million, including $ 5.5 million from previews and seeds. According to Manna, the company’s assessment increased by 46% last year, reflecting the increase in revenue compared to the same period last year alongside positive unity economics.