Construction buying is very fragmented, mana and opaque, forcing entrepreneurs to judge multiple providers, endure long negotiations and deal with late payments. In Saudi Arabia, where billions of dollars infrastructure and real estate projects are being conducted, these inefficiencies are even more pronounced.
Deal with this, BrkzA laugh-based construction Te Technika starting, offers a technological managed market that flows shopping and provides tailored financial solutions. The company raised $ 9 million ($ 8 million in equity and $ 1 million debt), bringing its total series A -funding to $ 17 million, with investors doubled.
Existing investors, including Wamco’s Waed, Beco Capital, Better Tomorrow Ventures, Class 5 Global, Fluent Ventures, Knollwood Investment Advisory, Misy Ventures, RZM Investment and 9900 Capital re-participated.
This follows the $ 8 million series A1 -round Brkz announced last March.
Ibrahim MannaA former executive at Uber -affiliate Carem, founded BRKZ in 2023 after undergoing these challenges primarily.
“After Carem’s departure to Uber, I bought a family house in May 2020 and faced the inefficiencies of the building chain of construction – a tiredness of visibility in material selection, uncertainty about the parade of goods and price -volatility,” Manna told Techcrunch . “That frustration made me realize how outdated the industry is and that it presented a huge opportunity to explore.”
Stock building materials
Manna says he met with more than 100 suppliers and entrepreneurs through UAE, Saud -Aarabia and Pakistan to get a clear picture of building shopping challenges in the area. He found that while the market was broken everywhere, Saud -Aarabia stood out as the most enormous occasion, fed by the country’s 2030 vision and strong market tails.
On Brkz, entrepreneurs and factories can obtain essential building materials such as cement, steel and wood. They benefit from transparent prices, competitive quotes in just 20 minutes, and buy now, pay later funding, while factories can stem raw materials and expand their customer base.
Similarly, the platform cuts through the usual obstacles of high transport costs and coordination problems across regions. Over the past year, BRKZ has grown from 1,200 SKUs and 350 suppliers to more than 7,000 SKUs and 1,100 suppliers. Since its A1 series, revenue has quadrupled in 2024, with more than 850 entrepreneurs and factories using BRKZ for major projects such as King Salman Park, Neom, and the Red Sea project.
BRKZ aggressively expanded into more than 40 cities through the central, eastern and western provinces of Saudi Aarabia, accelerating its RFQ volume of $ 170 million last March to $ 350 million (SAR 1.3 billion) today. The building Te Companynika company intends to extend its reach to the northern and southern provinces, Manna noted.
Diversifying income
To stay in front of the curve, Brkz will seek to diversify its revenue currents, which it currently generates through transaction fees and financial solutions, including buying now, pay later and tailored credit bids.
Manna says that while Brkz is working with entrepreneurs, it wants to start dealing with developers and suppliers, a set of customers with different needs, materials and price models that require a wider range of purchasing options. The company plans to start importing hard building materials directly from global markets, starting from China this year and later India and Turkey to meet this growing demand in the country.
“We are very excited about building or enabling a corridor of trade between China and Saudi as we start importing goods, we know that our entrepreneurs, suppliers and others would like to get from China. These goods and sell them to entrepreneurs, developers and suppliers in Saudi. Marks a shift From the earlier BRKZ ambitions to expand through the Mena region.
Notably, the movement is in line with China’s efforts to strengthen ties with Middle East markets amid uncertainty around US trade policies. Considering the construction outbreak of Saudi Arabia and China’s significant role in megaprojections such as NEOM and the line, BRKZ’s import strategy could benefit from government-level trade incentives and financial agreements between the two nations.
Full -service building ecosystem
Beyond materials, BRKZ aims to become a full-service building ecosystem dealing with four pillars of any project: buying (its core business today), funding (BNPL and credit solutions), supply of workforce and equipment/rent. Manna, who was the managing director of global markets at Carem, says that expanding to workforce and equipment services will make a BRKZ end-to-end platform for entrepreneurs and developers.
In addition, a major focus product wise will exploit AI and machine learning to automate prices expected, purchase order generation and other internal processes, improving efficiency for the company as well as entrepreneurs and suppliers.
The newly elevated capital will put the company on the way to become that comprehensive buy hub it envisages, along with a traveling expansion to Saudi Aarabia.
“The BRKZ team has executed their product and operational road page to operate efficiencies in this fast -scale sector, and we are excited Customers, “said Dany Farha, co -founder and executive partner at Beco Capital.
Since launch two years ago, Brkz raised $ 22.5 million, including $ 5.5 million from pre-seed and seed rounds. Manna says the company’s estimate has grown by 46% in the past year, reflecting a 4X-year-old revenue growth with a positive unit economy.