Saudi Startup BRKZ Raises $17 Million in Funding
Bringing Total Investment to $22.5 Million
- BRKZ successfully closed a Series A funding round, raising its total investment to $22.5 million.
- The company plans to open new offices in the northern and southern regions of Saudi Arabia in 2025, while expanding its supplier network globally, particularly in China and India.
- BRKZ offers a digital marketplace for contractors, providing access to over 7,000 products from 1,100 local suppliers, with the ability to receive competitive quotes within 20 minutes.
BRKZ, a Saudi-based construction technology startup, has successfully closed a Series A funding round worth $17 million, raising its total investment to $22.5 million.
The round was completed in two phases, with the second phase (A2) securing $8 million in January 2025, followed by an additional $1 million from Capifly. This came after the first phase (A1), which closed in December 2023 with the same $8 million investment.
Several existing investors participated in the funding round, including BECO Capital, Wa’ed, 9900 Capital, RZM Investment, Class 5 Global, MISY Ventures, Knollwood Investment Advisory, and Fluent Ventures.
BRKZ plans to expand its operations in 2025 by opening new offices in the northern and southern regions of Saudi Arabia. The company also aims to enhance its global supplier network, particularly in China and India, while continuing to develop its technology platform and financial solutions.
Founded in 2023 by Ibrahim Manna, former Managing Director at Careem, BRKZ combines a digital marketplace with financial solutions, allowing contractors to access over 7,000 products from 1,100 local suppliers and receive competitive quotes within just 20 minutes.
