- Construction tech startup BRKZ raises USD8 million in Series A funding led by 9900 and BECO Capital
- Founded by Ibrahim Manna, BRKZ specializes in materials procurement for construction projects, aiming to digitize procurement processes
- BRKZ has facilitated over $170 million in quotations to date, addressing industry challenges such as fragmented supply chains
- The funding round brings BRKZ’s total raised capital to $13.55 million, with plans to enhance capabilities and expand across Saudi Arabia
- Investors express confidence in BRKZ’s potential to drive positive change within the MENA construction sector
Revolutionizing Construction Procurement: BRKZ Secures $8 Million in Series A Funding
In the realm of construction technology startups, one name is making waves with its innovative approach to materials procurement. BRKZ, founded by Ibrahim Manna, recently announced a significant milestone – securing an impressive $8 million in Series A funding. This investment, led by 9900 and BECO Capital, along with contributions from industry players like Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures, marks a pivotal moment in BRKZ’s journey towards transforming the construction industry.
Empowering Contractors Through Innovation
At the core of BRKZ’s mission is the empowerment of contractors to reach their full potential. By focusing on digitizing procurement processes, BRKZ aims to address longstanding industry challenges such as fragmented supply chains, operational inefficiencies, and limited financial access. The startup’s commitment to ensuring fair market prices for all stakeholders is evident in its approach to revolutionizing the MENA construction landscape.
BRKZ’s platform facilitates access to competitive prices and offers multiple delivery and payment options for buyers. Through a streamlined request for quotes process via WhatsApp or its website, contractors can efficiently navigate the procurement landscape, saving time and resources. Suppliers, on the other hand, benefit from a broad customer base and a simplified portal for customizing prices based on various parameters such as size, location, and delivery preferences.
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To date, BRKZ has facilitated over $170 million in quotations across a wide array of products sourced from more than 350 suppliers. This significant impact underscores the startup’s dedication to driving efficiency and transparency in construction materials procurement.
Expanding Horizons and Driving Change
With the new infusion of funds, BRKZ is poised to enhance its capabilities and expand its footprint across Saudi Arabia and beyond. The company’s ambitious growth plans align with its vision of contributing to the growth and efficiency of the construction sector, in line with Saudi Arabia’s Vision 2030 and global sustainability goals.
Dany Farha from BECO Capital and Chris Corbishley from 9900 expressed confidence in BRKZ’s potential to drive positive change within the MENA construction sector. The startup’s commitment to digital transformation, transparency, and contractor financing positions it as a key player in reshaping the industry landscape.
BRKZ’s success story serves as a testament to the power of innovation and technology in propelling traditional industries towards a more efficient and sustainable future. As the construction sector continues to evolve, startups like BRKZ are at the forefront of driving meaningful change through their pioneering solutions.
Shaping the Future of Construction Tech
In a rapidly evolving digital landscape, the role of construction technology startups like BRKZ cannot be understated. By leveraging cutting-edge technology and a deep understanding of industry pain points, BRKZ is redefining the way materials procurement is approached in the construction sector.
As the startup continues to scale and expand its operations, the impact of its innovative solutions is expected to reverberate across the industry, driving efficiency, transparency, and sustainability. BRKZ’s journey from a budding startup to a significant player in the construction tech space is a testament to the power of vision, innovation, and strategic partnerships in shaping the future of the industry.
BRKZ’s successful Series A funding round is not just a financial milestone but a validation of its vision to revolutionize construction procurement. With a strong foundation, a dedicated team, and a commitment to driving positive change, BRKZ is well-positioned to lead the charge towards a more efficient and sustainable construction industry.
Links to additional Resources: 1. https://www.brkz.com/ 2. https://www.constructiondive.com/ 3. https://www.procore.com/