BRKZ Raises $31M to Scale AI-Powered Construction Procurement in Saudi Arabia

Ibrahim Manna, BRKZ Founder & CEO

Riyadh-based construction procurement platform BRKZ has raised $31 million in new capital, comprising $13 million in Series B equity and $18 million in growth debt. The equity round was co-led by Wa’ed Ventures and 500 Global, with participation from BECO Capital and anb Seed Fund from ANB Capital. Stride Ventures provided the debt. This brings BRKZ’s total funding to over $70 million since 2022. The funds will expand AI pricing, embedded financing, and cross-border sourcing operations.

Why has BRKZ raised $31 million?

Saudi Arabia-based construction procurement platform BRKZ has secured $31 million in new capital to accelerate its next phase of growth, with a focus on artificial intelligence, embedded financing and supply-chain expansion.

The round comprises $13 million in Series B equity, co-led by Wa'ed Ventures, the venture capital arm of Saudi Aramco, and 500 Global, with participation from BECO Capital and anb Seed Fund (managed by ANB Capital).

Alongside the equity financing, existing financing partner Stride Ventures has committed $18 million in growth debt under BRKZ's previously announced $30 million venture debt facility. The debt will support working capital and flexible payment terms for BRKZ's customers.

The latest financing brings BRKZ's total capital raised since inception to more than $70 million across equity and debt.

How fast is BRKZ growing?

BRKZ enters the new funding round after a period of rapid expansion.

The company reported 2.5x year-on-year revenue growth in 2025 and is on track to triple revenue in 2026. This growth has continued despite significant geopolitical and supply-chain disruption across the Middle East.

The company's traction highlights a broader challenge in construction procurement: contractors require reliable material availability and competitive pricing, while sourcing, negotiations, logistics and payment processes remain fragmented.

BRKZ's platform is designed to consolidate those processes into a single procurement relationship.

BRKZ's current scale

Metric	BRKZ scale
New capital raised	$31M
Series B equity	$13M
Growth debt	$18M
Total capital raised since inception	$70M+
Contracting companies served	1,500+
Building materials factories	150
Local and international suppliers	~2,100
Building materials sold since inception	$133M / SAR 500M+
RFQs processed	$1.37B / SAR 5.13B+
Structured data points	~38M
Product records	13,000+
Supplier profiles	2,100+
RFQs used to train AI pricing engine	~40,000

What does BRKZ's procurement platform do?

Building materials represent a significant portion of construction project costs, but procurement remains highly fragmented. Contractors often have to manage multiple suppliers, negotiate prices manually and coordinate disconnected logistics operations.

BRKZ provides contractors, distributors and factories with a single platform for sourcing local, imported and raw building materials.

The company combines its Saudi supplier network with international sourcing capabilities while managing:

• Material sourcing and supplier matching
• Pricing and quotation workflows
• Quality assurance
• Logistics and fulfillment
• Flexible commercial and payment terms
• Cross-border sourcing and trading

Since inception, BRKZ has sold more than $133 million (SAR 500 million) worth of raw, local and imported building materials and processed more than $1.37 billion (SAR 5.13 billion) in requests for quotation (RFQs).

That transaction and quotation history is also becoming a core component of the company's AI strategy.

How is BRKZ using AI to transform construction procurement?

BRKZ has spent the past three years building a proprietary building materials dataset containing approximately 38 million structured data points across 13,000+ product records and 2,100+ supplier profiles.

The dataset now powers an AI pricing engine trained on approximately 40,000 RFQs.

The system predicts buy and sell prices and recommends relevant suppliers for individual orders. According to BRKZ, 84% to 89% of its predictions fall within 5% of the final transacted price.

This allows a traditionally manual pricing process to move toward a near-instant workflow while procurement teams retain final oversight.

The company's strategy is therefore not simply to digitize procurement, but to use accumulated transaction and supplier data to make the procurement process increasingly predictive.

How is BRKZ using AI agents in its operations?

AI is also being deployed across BRKZ's day-to-day operations.

One example is Nusa, BRKZ's delivery agent. Nusa processes bulk-cement deliveries by reading delivery-note photographs sent by transporters through WhatsApp, matching those documents against orders, verifying quantities and closing completed deliveries.

Approximately 75% of delivery notes are now processed without manual override, while staff intervene when exceptions require human review.

BRKZ is also using AI to assist with payment-term decisions. The system draws on the company's proprietary payment-behaviour history, while final approval remains with BRKZ's finance team.

The approach reflects a broader operating model: automate repeatable workflows while retaining human oversight for decisions that require judgment.

What will BRKZ use the new $31 million for?

BRKZ plans to deploy the new capital across three major areas:

1. Expand AI across procurement: Advance AI capabilities for quotation, pricing and fulfillment to automate more of the procurement journey.
2. Deepen supply-chain integration: Extend vertical integration from raw-material sourcing through last-mile delivery.
3. Scale international sourcing: Develop direct supply corridors with China, India and other major manufacturing markets, including specialty and private-label building materials, to improve availability, pricing and sourcing flexibility.

The combination of AI, international sourcing and embedded financing gives BRKZ a broader role in the construction supply chain than a conventional digital marketplace.

Why is embedded financing important for BRKZ's growth?

The latest financing strategy also places greater emphasis on embedded financial services.

BRKZ is using its proprietary payment-behaviour data to assist payment-term decisions, while the $18 million Stride Ventures growth debt commitment provides additional working capital capacity.

For contractors and suppliers operating within construction's often complex payment cycles, flexible commercial terms can be as important as material availability or price.

By combining procurement, supplier data and financing capabilities, BRKZ is positioning its platform as infrastructure for the broader transaction rather than simply a marketplace for construction materials.

What role does Saudi Arabia's industrial strategy play in BRKZ's expansion?

BRKZ's growth also aligns with Saudi Arabia's wider push to digitize industrial supply chains and strengthen domestic production capabilities.

Earlier in 2026, BRKZ received a strategic investment from SIC, the investment arm of the Saudi Industrial Development Fund (SIDF). The investment reflects SIC's support for BRKZ's efforts to digitize procurement, strengthen local supply chains and contribute to the industrial objectives of Saudi Vision 2030.

The company's customer base also includes contractors and businesses participating in major Saudi developments such as The Red Sea Project, Diriyah, Qiddiya, ROSHN and King Salman Park.

These projects illustrate the scale of construction activity creating demand for more efficient procurement, sourcing and logistics infrastructure.

Who participated in BRKZ's Series B?

The $13 million Series B was co-led by Wa'ed Ventures and 500 Global, with participation from BECO Capital and anb Seed Fund.

Wa'ed Ventures is the venture capital arm of Saudi Aramco, while 500 Global is a global venture capital firm. Existing financing partner Stride Ventures provided the additional $18 million in growth debt.

Anas Alghatani, CEO of Wa'ed Ventures, said the firm's continued investment reflects confidence in BRKZ's ability to make building materials procurement more efficient, connected and data-driven while advancing its AI capabilities across Saudi Arabia and the wider region.

Amjad Ahmad, Managing Partner at 500 Global, described building materials procurement as one of the largest and least digitized categories in the Saudi economy. He pointed to BRKZ's sustained growth during regional supply-chain disruption as evidence of the platform's operational foundation.

Khalid S. Alghamdi, CEO of anb Capital, said BRKZ's combination of proprietary data, AI and embedded financing addresses a significant challenge in the construction supply chain, with more than SAR 5 billion in RFQs already processed through the platform.

What does BRKZ's next phase of growth look like?

BRKZ's latest funding marks a shift from building the underlying procurement network toward making that infrastructure increasingly intelligent and integrated.

With 1,500+ contracting companies, 150 factories, approximately 2,100 suppliers, 38 million structured data points and more than SAR 5.13 billion in RFQs processed, the company has accumulated a substantial dataset on construction-material demand, pricing and supplier behaviour.

Its next phase will focus on turning that data into greater automation, while expanding its physical and financial infrastructure across the supply chain.

BRKZ remains open to additional strategic investors joining its Series B as it scales across Saudi Arabia and the wider region.

The central opportunity is increasingly clear: construction procurement is not only a sourcing problem. It is a data, pricing, financing and fulfillment problem—and BRKZ is attempting to solve all four through a single technology-enabled platform.