Brkz, a building materials market in Saudi, raises $9 million in contemporary funds to shut $17 million Sequence A 

Saudi Arabia-based building expertise startup Brkz has raised $17 million in its Sequence A funding spherical, which incorporates an $8 million Sequence A2 spherical closed in January 2025, $1 million in enterprise debt from Capifly, and an earlier $8 million Sequence A1 spherical from December 2023. The funding brings Brkz’s whole funding to $22.5 million.

The spherical noticed participation from present buyers together with BECO Capital, Aramco’s Waed, 9900 Capital, Higher Tomorrow Ventures, RZM Funding, Class 5 World, MISY Ventures, Knollwood Funding Advisory, and Fluent Ventures.

Based in 2023 by Ibrahim Manna, former Managing Director at Careem, Brkz operates a B2B market that digitizes building procurement. The platform connects contractors with suppliers, providing over 7,000 SKUs from greater than 1,100 native suppliers, with aggressive quotes obtainable inside 20 minutes.

Since elevating its Sequence A1, the corporate has grown its income fourfold throughout 2024 and now serves greater than 850 distinctive contractors and factories throughout main initiatives together with King Salman Park, Neom, and Purple Sea. The platform has processed $350 million (SAR 1.3 billion) in RFQs and expanded its supply community to over 40 cities throughout Saudi Arabia.

Ibrahim Manna, Founder and CEO of Brkz , mentioned, “Conventional procurement in building is very fragmented and handbook, typically requiring contractors to juggle a number of suppliers, lengthy negotiations, and delayed funds. This funding will assist us double down on tech improvement, improve our BNPL providing aligned with building money circulate cycles, and increase into cross-border buying and selling.”

Dany Farha, co-founder and managing companion at BECO Capital, commented, “The development trade is foundational to the Kingdom’s Imaginative and prescient 2030 and is ripe for expertise and organisational optimization. The Brkz workforce has executed its product and operational roadmap to drive efficiencies on this quickly scaling sector, and we’re excited to proceed supporting them of their subsequent chapter.”

“Brkz’s financing product will complement their digitised procurement platform and deal with buyer money circulate challenges. Having recognized Ibrahim and the workforce for years, we’ve seen firsthand their agility, prudence, and distinctive talent set that allow them to fulfil their promise of digitising this trade,” he added.

The startup plans to determine places of work in Saudi Arabia’s Northern and Southern areas throughout 2025 whereas increasing its provider community into international markets, with a deal with China and India. The corporate at present operates places of work in three main areas of Saudi Arabia.

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