BRKZ, a Saudi Arabia-based construction tech startup, raised $8M in Series A funding.
The round, which brought the total amount raised to date to $13.55M, was led by 9900 and BECO Capital, with participation from Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures.
The company intends to use the funds to expand its presence across Saudi Arabia and in the Middle East area.
Founded in 2022 by Ibrahim Manna, BRKZ is a B2B contech startup that provides a large selection of suppliers and materials through its platform, as well as multiple delivery and payment options. For buyers of building materials, it offers access to prices across a wide pool of suppliers and materials, along with multiple delivery and payment options. Suppliers can customise prices by size, location, and delivery options.
To date, BRKZ has facilitated over $170M in quotations across nearly 1,200 products from more than 350 suppliers.
Commenting on the news, Ibrahim Manna said: “The investment underscores BRKZ’s commitment to digitizing buying and selling building materials, promoting transparency, and fostering efficient contractor financing. It comes at a pivotal moment for BRKZ, enabling us to grow further within the $100 billion construction market here in KSA. We’re set to drive significant change through technology across every single touchpoint relevant to how building materials are sourced and supplied in a sector crucial to our economic landscape.”
FinSMEs
11/03/2024