Riyadh - Sharikat Mubasher: The Saudi-based B2B construction tech (contech) startup BRKZ closed a series A round amounting to around SAR 30 million during LEAP 2024, raising the total secured funding to SAR 50.8 million.

The 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.

BRKZ, specializing in materials procurement for construction projects, will dedicate the investments to empower contractors to reach their full potential.

Commenting on the round, Founder 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.”

Launched in 2022, BRKZ aims to address critical challenges in the construction industry such as fragmented supply chains, operational inefficiencies, and a lack of access to finances, leveraging technology to ensure equitable access to the best market prices for all contractors.