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.  

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.   

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.