Saudi’s BRKZ closes $17M Series A for its construction tech platform
Construction procurement is highly fragmented, manual, and opaque, forcing contractors to juggle multiple suppliers, endure lengthy negotiations, and deal with delayed payments. In Saudi Arabia, where trillion-dollar infrastructure and real estate projects are underway, these inefficiencies are even more pronounced. To address this, BRKZ, a Riyadh-based construction tech startup, offers a tech-enabled managed marketplace that streamlines procurement and provides tailored financing solutions. The company has raised $9 million ($8 million in equity and $1 million in debt), bringing its total Series A funding to $17 million, with investors doubling down. Existing investors, including Aramco’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 Manna, a former executive at Uber subsidiary Careem, founded BRKZ in 2023 after experiencing these challenges firsthand. “After Careem’s exit to Uber, I bought a family house in May 2020 and faced the inefficiencies of the construction supply chain—lack of visibility in material selection, uncertainty around the …