BRKZ has raised a total investment of $13.55m following its two funding rounds. Credit: nano-stocker via Shutterstock.

Construction technology startup BRKZ has secured $8m in a Series A funding round, aimed at transforming the building materials sector in Saudi Arabia and the broader Middle East and North Africa region. 

Co-led by 9900 and BECO Capital, the funding round saw participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures.  

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BRKZ has raised a total investment of $13.55m, following its initial seed round of $5.55m led by Better Tomorrow Ventures, with contributions from Class 5 Global, Knollwood Investment Advisory, Plus VC, and various strategic Saudi angel investors. 

With this capital injection, BRKZ intends to enhance its proprietary technology and become a comprehensive one-stop shop for the construction industry. 

The startup seeks to use technology to provide access and opportunities for contractors and to create a tech-enabled ecosystem. 

BRKZ was founded in 2022 by Ibrahim Manna to tackle issues in the construction industry such as fragmented supply chains, operational inefficiencies, and limited access to financial resources.   

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Manna said: “The investment underscores BRKZ’s commitment to digitising 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 $100bn construction market here in KSA [Saudi Arabia]. We’re set to drive significant change, through tech, across every single touchpoint relevant to how building materials are sourced and supplied in a sector crucial to our economic landscape.” 

To date, BRKZ has processed more than $170m in quotations, covering approximately 1,200 products from over 350 suppliers.