Construction-Tech Startup BRKZ Emerges from Stealth in MENA with $8M in Funding
Saudi Arabia is poised to become one of the largest global construction hubs owing to its trillion-dollar infrastructure and the real estate projects that are underway in the country.
BRKZ is today emerging from stealth backed by a $8 million Series A round co-led by Beco Capital and 9900 Capital.
Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment and MISY Ventures also participated in the round.
Following the fresh capital injection, the B2B marketplace aims to expand in Saudi Arabia and the MENA region to facilitate contractors in procuring materials and manufacturers in selling, with a focus on same or next-day delivery.
He added that the startup can process commonly ordered building materials within minutes, but more time is required for “specialized materials”.
