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Construction tech startup BRKZ raises $8 Mn in Series A

Entrackr · 1y

B2B construction tech startup BRKZ has raised $8 million in its Series A round co-led by 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment and MISY Ventures. With this round, BRKZ has now raised $13.55 million in total. Earlier to this round, the startup had raised $5.55 million in its seed round led by Better Tomorrow Ventures. The proceeds will be used to deepen its proprietary capabilities, and expand its footprint across Saudi Arabia and beyond, BRKZ said in a press release. Launched in 2022 by Ibrahim Manna, BRKZ provides access to a wide pool of suppliers and materials along with multiple delivery and payment options. The startup does not support direct online purchasing, but instead requires buyers to generate and share requests for quotation (RFQs) through its app or WhatsApp. The simplified portal for suppliers enables them to customize prices by size, location, and delivery options. To date, BRKZ claims to have facilitated over $170 million quotations across nearly 1,200 products from more than 350 suppliers. In B2B construction marketplace, BRKZ competes with OfBusiness, Moglix, and Infra.Market, among others.