BRKZ, a leading B2B construction tech startup, has announced the successful completion of its Series A funding round, securing $8 million in investment. The round was co-led by prominent venture capital firms 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures. With this substantial infusion of capital, BRKZ is well-positioned to accelerate its growth trajectory and expand its innovative procurement solutions across Saudi Arabia and beyond.
Founded in 2022 by Ibrahim Manna, BRKZ has quickly established itself as a disruptive force in the construction industry by leveraging technology to streamline procurement processes. The company’s platform provides access to a wide range of suppliers and materials, offering multiple delivery and payment options tailored to the specific needs of construction businesses.
Unlike traditional online purchasing models, BRKZ operates through a unique approach, requiring buyers to generate and share requests for quotation (RFQs) through its intuitive app or via WhatsApp. This method ensures a personalized and efficient procurement experience, enabling buyers to receive tailored quotes from suppliers.
One of BRKZ’s key strengths lies in its supplier portal, which empowers suppliers to customize prices based on factors such as size, location, and delivery preferences. This flexibility allows suppliers to optimize their offerings and better serve the diverse needs of construction professionals.
Since its inception, BRKZ has experienced rapid growth, facilitating over $170 million in quotations across nearly 1,200 products sourced from a network of more than 350 suppliers. This impressive milestone underscores the platform’s effectiveness in facilitating seamless transactions and driving value for all stakeholders in the construction ecosystem.
Commenting on the successful Series A funding round, Ibrahim Manna, Founder and CEO of BRKZ, expressed gratitude to the investors for their support and confidence in the company’s vision. He emphasized the significance of the funding in enabling BRKZ to further innovate its platform and expand its reach in both domestic and international markets.
The funds raised will be instrumental in fueling BRKZ’s strategic initiatives to deepen market penetration and enhance its product offerings. A significant portion of the investment will be allocated towards expanding the company’s operations, strengthening its team, and investing in research and development efforts to drive continued innovation.
BRKZ’s ambitious expansion plans extend beyond its native Saudi Arabia, as the company aims to capitalize on the growing demand for digital solutions in the global construction sector. By leveraging its robust technology infrastructure and industry expertise, BRKZ seeks to empower construction businesses worldwide with the tools and resources needed to thrive in an increasingly competitive landscape.
Despite facing competition from established players such as OfBusiness, Moglix, and Infra.Market, BRKZ remains confident in its ability to differentiate itself through its innovative approach and unwavering commitment to customer satisfaction. The company’s focus on delivering value-added solutions and fostering long-term partnerships with clients sets it apart as a trusted partner in the construction industry.
As the construction sector continues to undergo digital transformation, BRKZ is poised to play a pivotal role in revolutionizing procurement processes and driving efficiency across the value chain. With strong investor backing and a clear vision for the future, BRKZ is well-equipped to lead the charge towards a more agile and sustainable construction ecosystem.
The successful completion of its Series A funding round marks a significant milestone for BRKZ, signaling the beginning of an exciting new chapter in its journey towards transforming the construction industry. With momentum on its side, BRKZ is poised to capitalize on emerging opportunities and solidify its position as a leading innovator in the B2B construction tech space.
