As the MENA region advances with $3 trillion in building and infrastructure projects, construction firms confront a significant obstacle: disjointed supply chains and ineffective procurement procedures that cause delays and cost overruns. BRKZ said today that it has raised $17 million in Series A funding, for a total of $22.5 million, to expand its technology platform that is transforming the way contractors source and buy building materials.
The funding consists of a $8 million Series A2 round that closed in January 2025 and $1 million in venture debt from Capifly. The first $8 million Series A1 round was completed in December 2023. Class 5 Global, MISY Ventures, Knollwood Investment Advisory, Better Tomorrow Ventures, RZM Investment, BECO Capital, Aramco’s Waed, 9900 Capital, and Fluent Ventures were among the current investors who recommitted with vigor.
Founded in 2023 by Ibrahim Manna, serial entrepreneur and former Managing Director at Careem, BRKZ emerged from firsthand experience with construction industry inefficiencies. “Traditional procurement in construction is highly fragmented and manual, often requiring contractors to juggle multiple suppliers, long negotiations, and delayed payments,” said Ibrahim Manna, Founder and CEO of BRKZ. “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.”
In contrast to conventional procurement techniques, BRKZ’s platform transforms the relationship between suppliers and contractors by fusing an embedded financing solution with a tech-enabled marketplace. Contractors can access more than 1,100 local suppliers’ 7,000 SKUs through its digital platform, and they can get competitive quotes in as little as 20 minutes. The platform’s integrated financing options solve a significant issue in the construction sector by matching up with cash flow cycles.
The platform’s strategy is validated by its quick adoption. Serving over 850 distinct contractors and factories across flagship projects like King Salman Park, Neom, and Red Sea, BRKZ has quadrupled its revenue since launching its Series A1 in 2024.
In addition to processing $350 million (SAR 1.3 billion) in RFQs through its platform, the company has grown its delivery network to more than 40 cities throughout Saudi Arabia and has offices in three key regions.
Applications in the real world show how transformative the platform is. Despite not having a team on site, a contractor from the central region of Saudi Arabia who was given a project in the western region used BRKZ to price and source materials from nearby vendors. Similar to this, a nearby cement block factory defied conventional geographic restrictions by listing on BRKZ, growing its clientele and obtaining raw materials via the website.
AbdulRauf H. Al-Matar, AGM at AlRashed Building Materials, commented, “Partnering with BRKZ has revolutionised how we connect with contractors and streamlined our operations. Their innovative approach to digitising the construction industry is setting a new standard for efficiency and growth.”
Tamer Salah, CEO at AlMimar AlAraby for General Contracting, added, “Working with BRKZ has been a game-changer for us. Their focus on understanding contractors’ needs and delivering tailored solutions has made it easier to meet tight deadlines and exceed customer expectations. BRKZ’s highly advanced technology provides the best e-commerce platform, which makes it easy to manage my orders and get automated updates on their status.”
With mega-projects reshaping the region, the MENA construction market offers enormous potential. Significant projects like Neom, The Red Sea Project, King Salman Park, and forthcoming occasions like Expo 2030 and the FIFA World Cup in Saudi Arabia highlight the pressing need for creative, technologically advanced solutions to improve efficiency and streamline procurement.
Dany Farha, co-founder and managing partner at BECO Capital, commented, “The construction industry is foundational to the Kingdom’s Vision 2030 and is ripe for technology and organisational optimization. The BRKZ team has executed its product and operational roadmap to drive efficiencies in this rapidly scaling sector, and we’re excited to continue supporting them in their next chapter. BRKZ’s financing product will complement their digitised procurement platform and address customer cash flow challenges. Having known Ibrahim and the team for years, we’ve seen firsthand their agility, prudence, and unique skill set that enable them to fulfil their promise of digitising this industry.”
In 2025, BRKZ intends to open offices in both the northern and southern regions of Saudi Arabia and broaden its network of suppliers to international markets, with a particular emphasis on China and India. In order to establish itself as the all-inclusive solution for construction procurement in the MENA region, the company will keep improving its financing options and technological platform.
