In a recent development, construction tech startup BRKZ has successfully secured $8 million in its Series A funding round. The investment was co-led by 9900 and BECO Capital, with notable participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures. This funding marks a significant milestone for BRKZ, bringing their total raised capital to $13.55 million.
Founded in 2022 by Ibrahim Manna, BRKZ has quickly emerged as a frontrunner in the B2B construction tech space. The platform offers a comprehensive solution that streamlines the procurement process for construction materials and supplies. Unlike traditional methods, BRKZ provides access to a diverse pool of suppliers and materials through its user-friendly interface.
One of BRKZ’s distinguishing features is its emphasis on customization and flexibility. The platform allows buyers to generate requests for quotation (RFQs) seamlessly through the app or WhatsApp. This approach simplifies the purchasing process, enabling buyers to tailor their orders based on specific requirements.
Moreover, BRKZ’s portal empowers suppliers to customize prices based on various factors such as size, location, and delivery preferences. This level of customization enhances transparency and efficiency, fostering stronger relationships between buyers and suppliers.
Since its inception, BRKZ has facilitated over $170 million in quotations across nearly 1,200 products from more than 350 suppliers. This impressive track record underscores the platform’s growing influence and impact within the construction industry.
With the latest capital infusion, BRKZ aims to enhance its proprietary capabilities further and expand its footprint across Saudi Arabia and beyond. The funding will support initiatives to bolster technological infrastructure, improve user experience, and scale operations to meet growing demand.
BRKZ faces competition from other players in the B2B construction marketplace, including OfBusiness, Moglix, and Infra.Market. However, its innovative approach and commitment to customer-centric solutions have positioned it as a formidable contender in the industry.
BRKZ is poised for continued growth and innovation as it seeks to revolutionize the construction procurement landscape. With strong investor backing and a proven track record of success, BRKZ is well-equipped to capitalize on emerging opportunities and drive meaningful change within the construction tech sector.
