BRKZ, a leading Saudi-based technology-enabled building materials procurement platform in Saudi Arabia, today announced it has secured $31 million in new capital to fuel its next phase of growth, including advancing its AI-powered pricing and fulfillment engine and rolling out embedded financing solutions for its network of contractors and suppliers.

The funding includes $13 million in Series B equity, co-led by Wa'ed Ventures, a venture capital arm of Aramco, and 500 Global, with participation from BECO Capital and Anb Seed Fund. 

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

The round comes as BRKZ records strong growth. Revenue is on track to triple in 2026, following 2.5x year-on-year growth in 2025, while the company continued to expand amid significant geopolitical and supply-chain disruption across the Middle East. Its growth reflects the need for digitized procurement, pricing transparency, and reliable fulfillment across the construction material supply chain.

BRKZ now serves more than 1,500 contracting companies and 150 building materials factories, supported by approximately 2,100 local and international suppliers. Since inception, the company has sold more than SAR500 million ($133 million) in raw, local, and imported building materials and has processed more than $1.37 billion (SAR 5.13 billion) in RFQs through its platform.

Building materials account for a significant share of construction project costs, yet procurement remains highly fragmented and relies on manual sourcing, negotiations and disconnected logistics processes. 

BRKZ provides contractors, distributors and factories with a single platform to source local, imported and raw materials. It combines its Saudi supplier network with international sourcing capabilities and manages pricing, quality assurance, logistics and flexible commercial terms through a single procurement relationship.

"The past twelve months have reinforced why we built BRKZ," said Ibrahim Manna, Founder and CEO of BRKZ. "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. 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."

Anas Alghatani, CEO, Wa'ed Ventures, said: "Our continued investment in BRKZ reflects our confidence in the company’s ability to make building materials procurement more efficient, connected and data driven. We look forward to supporting the team as they further advance their AI capabilities and scale their impact across Saudi Arabia and the wider region."

"Building materials procurement is one of the largest, least digitized categories in the Saudi economy, and BRKZ has methodically built the infrastructure and data needed to solve it at scale," said Amjad Ahmad, Managing Partner at 500 Global. 

"Our decision to co-lead this round was driven by the team's demonstrated execution: BRKZ sustained growth despite significant regional supply-chain disruption because contractors rely on the platform to deliver. This speaks to the strong operational foundation. We look forward to supporting the team as they deepen their AI capabilities, expand embedded financing, and grow across the region."

On the investment, Khalid S. Alghamdi, CEO of Anb Capital, said: "Saudi Arabia is building at extraordinary scale, and BRKZ is transforming how one of the Kingdom’s largest industries operates. By combining proprietary data, AI and embedded financing, the company is addressing a real and significant challenge in the construction supply chain."

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

"With more than SAR5 billion of RFQs already processed, BRKZ has demonstrated both execution and scale. At anb capital, we see the potential for BRKZ to become an important technology-enabled infrastructure platform for the Kingdom and, over time, the wider region," he added.-TradeArabia News Service