Saudi Arabia-based building materials procurement platform BRKZ raised USD 31 million in new capital to support its next phase of growth. The funding includes a USD 13 million Series B equity round and USD 18 million in growth debt.

The equity round was co-led by Wa’ed Ventures and 500 Global. It also saw participation from BECO Capital and anb Seed Fund. Additionally, Stride Ventures committed USD 18 million in growth debt under BRKZ’s previously announced USD 30 million venture debt facility.

The Saudi platform will use the new capital to advance its AI capabilities, deepen supply chain integration, and expand cross-border sourcing across Saudi Arabia and the GCC.

Why You Should Care

BRKZ is targeting one of construction’s most fragmented processes: sourcing and procuring building materials.

The company brings contractors, factories, distributors, and suppliers onto a single platform, combining procurement technology with sourcing, logistics, pricing, and flexible commercial terms. Its technology is increasingly built around proprietary transaction and supplier data, allowing BRKZ to automate parts of pricing, fulfillment, and payment decisions.

The scale is already significant. BRKZ serves more than 1,500 contracting companies and 150 building materials factories, working with around 2,100 local and international suppliers. Since its launch, it has sold more than USD 133 million worth of building materials and processed more than USD 1.37 billion in requests for quotations through its platform.

For Saudi Arabia, the raise also comes as construction activity continues to expand across major developments, increasing the importance of reliable material sourcing and supply chain infrastructure.

The Details

Founded in 2022 by Ibrahim Manna, BRKZ is an  AI-enabled building materials procurement platform. It serves contractors, factories, and businesses across Saudi Arabia.  It connects customers with local and international suppliers across thousands of building material and raw material products, Thus, combining procurement technology with sourcing, logistics, and flexible commercial terms.

A major focus of the new funding will be BRKZ’s AI infrastructure. Over the past three years, the company has built a proprietary dataset containing around 38 million structured data points across more than 13,000 product records and 2,100 supplier profiles.

That data powers an AI pricing engine trained on approximately 40,000 RFQs. The system forecasts buying and selling prices and recommends suppliers for individual orders. BRKZ reports that between 84% and 89% of its predictions fall within 5% of the final transaction price.

The company is also using AI in its operations. Its delivery agent, Nusa, processes bulk cement deliveries by reading delivery note images sent by transporters through WhatsApp, matching them against orders, checking quantities, and closing completed deliveries. Around three-quarters of delivery notes are processed without manual intervention, with staff handling exceptions.

“Having spent our first years building the supply network, infrastructure and data to digitize procurement at scale, we can now make that infrastructure significantly smarter and, with this funding, extend our reach across Saudi Arabia and the region,”

Ibrahim Manna, Founder and CEO of BRKZ

With the new funding, it aims to fuel its next phase of growth. This includes advancing its AI-powered pricing and fulfillment engine. Additionally, it aims to roll out embedded financing solutions for its network of contractors and suppliers.

Moreover, it seeks to advance its AI capabilities across quotation, pricing, and fulfilment, automating more of the procurement journey. It also aims to deepen vertical integration across the supply chain running from raw material sourcing to last-mile delivery. Additionally, it seeks to scale cross-border sourcing and trading. This includes expanding direct supply corridors with China, India and other major manufacturing markets. 

The Ripple

BRKZ’s expansion points to a broader shift in how construction supply chains could be digitized as Saudi Arabia undertakes large-scale development projects.

For suppliers and contractors, a more integrated procurement layer could reduce the friction created by fragmented sourcing, manual price negotiations, and disconnected logistics. For BRKZ, its growing dataset also creates a foundation for applying AI across more stages of the procurement process.

The company’s expansion into international sourcing could further connect Saudi construction demand with manufacturing markets outside the Kingdom, while its embedded financing plans could give contractors and suppliers greater flexibility around payment terms.

What to Watch

BRKZ’s next phase will be defined by how effectively it converts its growing data and AI capabilities into a broader procurement infrastructure.

The key signals will be the pace of its expansion across Saudi Arabia and the GCC, the adoption of its AI-driven pricing and fulfillment tools, and its ability to build more direct international supply corridors while maintaining the reliability that has driven its recent growth.