A pioneering B2B construction tech startup BRKZ that specialises in materials procurement for construction projects has announced a $8 million investment to empower contractors to reach their full potential. 

 

The funding round was co-led by 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment and MISY Ventures. 

 

With this series A funding round, BRKZ has now raised $13.55 million in total. BRKZ’s seed round ($5.55 million) was led by Better Tomorrow Ventures, with participation from Class 5 Global, Knollwood Investment Advisory, Plus VC, and several other strategic Saudi angel investors.

 

BRKZ was launched in 2022 and founded by Ibrahim Manna, a three-time logistics founder and former Careem executive, to address critical challenges in the construction industry such as fragmented supply chains, operational inefficiencies, and lack of access to finances. The company aims to leverage technology to ensure equitable access to the best market prices for all contractors and is on a mission to build a tech-enabled ecosystem to revolutionize the MENA construction industry.

 

For buyers of building materials, BRKZ offers access to the best prices across a wide pool of suppliers and materials along with multiple delivery and payment options. And importantly, a quick and easy Request for Quotes via WhatsApp or website. Suppliers engage with BRKZ to benefit from access to a wide customer base. The simplified portal for suppliers enables them to customise prices by size, location, and delivery options. To date, BRKZ has facilitated over $170 million quotations across nearly 1,200 products from more than 350 suppliers. – TradeArabia News Service