– BRKZ secures an $8 million investment led by 9900 and BECO Capital, with contributions from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures.
– Founded by Ibrahim Manna, BRKZ specializes in materials procurement for construction projects, addressing industry challenges such as fragmented supply chains and operational inefficiencies.
– With a focus on digitizing procurement processes, BRKZ aims to ensure fair market prices for contractors and suppliers, facilitating over $170 million in quotations to date.
BRKZ, a pioneering B2B construction tech startup specializing in materials procurement, announced it has secured an $8 million investment to empower contractors to reach their full potential, according to a company statement.
Co-led by 9900 and BECO Capital, with contributions from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures, this funding round brings BRKZ’s total raised capital to $13.55 million.
The startup’s Series A round follows a seed round of $5.55 million led by Better Tomorrow Ventures, alongside Class 5 Global, Knollwood Investment Advisory, Plus VC, and various strategic Saudi angel investors.
Founded in 2022 by Ibrahim Manna, a former Careem executive and three-time logistics founder, BRKZ aims to address industry challenges such as fragmented supply chains, operational inefficiencies, and limited financial access.
Leveraging technology, the company seeks to ensure fair market prices for all contractors while revolutionizing the MENA construction industry.
BRKZ facilitates access to competitive prices and multiple delivery/payment options for buyers, offering a streamlined request for quotes process via WhatsApp or its website. Suppliers, in turn, benefit from access to a broad customer base and a simplified portal for customizing prices by size, location, and delivery options.
To date, BRKZ has facilitated over $170 million in quotations across nearly 1,200 products from 350+ suppliers.
Ibrahim Manna emphasizes BRKZ’s commitment to digitizing materials procurement, promoting transparency, and enhancing contractor financing.
With the new funding, BRKZ plans to enhance its capabilities, expand its footprint across Saudi Arabia and beyond, and further contribute to the growth and efficiency of the construction sector.
Dany Farha from BECO Capital and Chris Corbishley from 9900 express confidence in BRKZ’s potential to drive positive change within the MENA construction sector, aligning with Saudi Arabia’s Vision 2030 and addressing global sustainability challenges.
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