BRKZ raises $13M Series B to expand AI-powered building materials procurement
What's the deal? BRKZ, a technology-enabled building materials procurement platform in Saudi Arabia, has raised $31 million in a Series B round. It includes $13 million in equity co-led by Wa'ed VenturesDealroom has a profile for this one. Try Dealroom → — the venture arm of AramcoDealroom has a profile for this one. Try Dealroom → — and 500 Global, with participation from BECO Capital and Anb Seed FundDealroom has a profile for this one. Try Dealroom →. Stride VenturesDealroom has a profile for this one. Try Dealroom → added $18 million in growth debt under BRKZ's previously announced $30 million venture debt facility.
What does BRKZ do? It connects contractors, distributors, and factories with local and international suppliers across thousands of building material products. The platform bundles sourcing, logistics, pricing, quality assurance, and flexible commercial terms into a single relationship.
By the numbers: Revenue is on track to triple in 2026, following 2.5x year-on-year growth in 2025. BRKZ now serves more than 1,500 contracting companies and 150 factories, backed by roughly 2,100 suppliers. Since inception, it has sold over $133 million in materials and processed more than $1.37 billion in requests for quotes through its platform.
What's the money for? The company plans to advance its AI-powered pricing and fulfillment engine and roll out embedded financing for its network of contractors and suppliers. The debt supports working capital and flexible payment terms for customers.
Why now? BRKZ says it hit record growth despite geopolitical and supply-chain disruption across the Middle East. "Even amid significant regional and supply-chain disruptions, we achieved record growth because contractors and factories still need reliable access to materials, competitive pricing and dependable fulfillment," said founder and chief executive officer Ibrahim Manna.
The signal: The round sits in the top 10% of Series B deals in Saudi Arabian real estate over the past four years, based on 55 comparable rounds. That reflects investor appetite for digitising building materials procurement — one of the region's largest and least automated categories. "Building materials procurement is one of the largest, least digitized categories in the Saudi economy," said Amjad Ahmad, managing partner at 500 Global.
Read more: benzinga.com
Image credit: Almas Baig
