Close Menu
TechBrunchTechBrunch
  • Home
  • AI
  • Apps
  • Crypto
  • Security
  • Startups
  • TechCrunch
  • Venture

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

iOS 19: All the rumor changes that Apple could bring to the new operating system

June 7, 2025

The Trump administration is aiming for Biden and Obama's cybersecurity rules

June 7, 2025

WWDC 2025: What to expect from this year's meeting

June 7, 2025
Facebook X (Twitter) Instagram
TechBrunchTechBrunch
  • Home
  • AI

    OpenAI seeks to extend human lifespans with the help of longevity startups

    January 17, 2025

    Farewell to the $200 million woolly mammoth and TikTok

    January 17, 2025

    Nord Security founder launches Nexos.ai to help enterprises move AI projects from pilot to production

    January 17, 2025

    Data proves it remains difficult for startups to raise capital, even though VCs invested $75 billion in the fourth quarter

    January 16, 2025

    Apple suspends AI notification summaries for news after generating false alerts

    January 16, 2025
  • Apps

    iOS 19: All the rumor changes that Apple could bring to the new operating system

    June 7, 2025

    WWDC 2025: What to expect from this year's meeting

    June 7, 2025

    Trump Mask feud was perfect for X and jumped on the app store chart

    June 6, 2025

    iOS 19: All the rumor changes that Apple could bring to the new operating system

    June 6, 2025

    WWDC 2025: What to expect from this year's meeting

    June 6, 2025
  • Crypto

    xNotify Polymarket as partner in the official forecast market

    June 6, 2025

    Circle IPOs are giving hope to more startups waiting to be published to more startups

    June 5, 2025

    GameStop bought $500 million in Bitcoin

    May 28, 2025

    Vote for the session you want to watch in 2025

    May 26, 2025

    Save $900 + 90% from 2 tickets to destroy 2025 in the last 24 hours

    May 25, 2025
  • Security

    The Trump administration is aiming for Biden and Obama's cybersecurity rules

    June 7, 2025

    After data is wiped out, Kiranapro co-founders cannot rule out external hacks

    June 7, 2025

    Humanity appoints national security experts to governing trusts

    June 6, 2025

    Italian lawmakers say Italy used spyware to target immigrant activists' mobile phones, but not for journalists

    June 6, 2025

    Humanity unveils custom AI models for US national security customers

    June 5, 2025
  • Startups

    7 days left: Founders and VCs save over $300 on all stage passes

    March 24, 2025

    AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

    March 24, 2025

    20 Hottest Open Source Startups of 2024

    March 22, 2025

    Andrill may build a weapons factory in the UK

    March 21, 2025

    Startup Weekly: Wiz bets paid off at M&A Rich Week

    March 21, 2025
  • TechCrunch

    OpenSea takes a long-term view with a focus on UX despite NFT sales remaining low

    February 8, 2024

    AI will save software companies' growth dreams

    February 8, 2024

    B2B and B2C are not about who buys, but how you sell

    February 5, 2024

    It's time for venture capital to break away from fast fashion

    February 3, 2024

    a16z's Chris Dixon believes it's time to focus on blockchain use cases rather than speculation

    February 2, 2024
  • Venture

    Why investing in a growing AI startup is risky and more complicated

    June 6, 2025

    Startup Battlefield 200: Only 3 days left

    June 6, 2025

    Book all TC Stage Exhibitor Tables before ending today

    June 6, 2025

    Less than 48 hours left until display at TC at all stages

    June 5, 2025

    TC Session: AI will be on sale today at Berkeley

    June 5, 2025
TechBrunchTechBrunch

MENA-focused construction tech startup BRKZ emerges from stealth with $8 million

TechBrunchBy TechBrunchMarch 6, 20243 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Telegram Email


Saudi Arabia is on track to become one of the world's largest construction hubs, thanks to trillions of dollars in infrastructure and real estate projects underway in the country. But even as the country's sector continues to expand rapidly, it still clings to traditional practices, leading to project disruptions and increased costs, says Riyadh-based Construction Tech. said Ibrahim Mana, founder and CEO of startup BRKZ.

Purchasing building materials in Saudi Arabia and the wider MENA region primarily involves physical visits to suppliers, price negotiations, and lack of quality and delivery guarantees, which motivated us to launch BRKZ in 2022. Mana told TechCrunch that there are several issues that have arisen.

BRKZ is emerging from stealth today with the backing of an $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. This new investment follows a $5.55 million seed round led by Better Tomorrow Ventures with participation from Class 5 Global, Knollwood Investment Advisory, Plus VC, and a number of Saudi angel investors.

With the fresh capital injection, the B2B market aims to expand in Saudi Arabia and the MENA region, facilitating material sourcing by contractors and sales by manufacturers, with a focus on same-day or next-day delivery. Additionally, the startup plans to start renting equipment and sourcing human resources.

“We are looking to invest in several key areas to grow our platform. Our main focus next year will be to expand our in-house technology capabilities, double down on our financing solutions and To ensure reliable operations and supplier coverage in all cities in Saudi Arabia. [Kingdom of Saudi Arabia]Before founding BRKZ, Mana was an executive at ride-hailing company Careem, which was acquired by Uber for $3.1 billion in 2019.

“We are also working on increasing vertical integration with our suppliers to better manage our supply chain… As we prepare to offer our services to more markets, we are expanding our reach across the MENA region. “Expansion within is also an important part of our strategy,” he said.

The startup does not support direct online purchases, but instead requires buyers to generate and share requests for quotation (RFQ) through its app or WhatsApp, Mana said. The tobacco process takes 30 seconds to complete.

“This method allows for the customization and negotiation of bulk orders, which is common in the construction industry due to specific requirements and large orders that can affect price. The RFQ system allows buyers to based on the most accurate and competitive prices,” he said.

He added that the startup can process commonly ordered building materials within minutes, but “specialty materials” can take longer. However, delivery times are still faster than traditional sourcing from brick-and-mortar stores. He added that the company is also working on a pre-tailored pricing mechanism for customers.

Since its launch, BRKZ claims to have facilitated over $170 million in quotations across approximately 1,200 products from over 350 suppliers, particularly in the Kingdom, a region currently experiencing a sizable construction market. And as we establish a presence across MENA, that number is expected to further increase in size.

“The rewarding thing about digitizing traditional fields is that you can see a big impact in a short period of time. Our customers are saving a lot of time, something that used to take days. , it now takes minutes to submit an RFQ and complete an order,” said Manna. “We have people in Riyadh managing projects miles away without ever leaving their office. It's all about making things run smoother and faster.”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025

Startup Weekly: Wiz bets paid off at M&A Rich Week

March 21, 2025

Wayve CEO shares his key elements for scaling autonomous driving technology

March 21, 2025

Leave A Reply Cancel Reply

Top Reviews
Editors Picks

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025
About Us
About Us

Welcome to Tech Brunch, your go-to destination for cutting-edge insights, news, and analysis in the fields of Artificial Intelligence (AI), Cryptocurrency, Technology, and Startups. At Tech Brunch, we are passionate about exploring the latest trends, innovations, and developments shaping the future of these dynamic industries.

Our Picks

iOS 19: All the rumor changes that Apple could bring to the new operating system

June 7, 2025

The Trump administration is aiming for Biden and Obama's cybersecurity rules

June 7, 2025

WWDC 2025: What to expect from this year's meeting

June 7, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 TechBrunch. Designed by TechBrunch.
  • Home
  • About Tech Brunch
  • Advertise with Tech Brunch
  • Contact us
  • DMCA Notice
  • Privacy Policy
  • Terms of Use

Type above and press Enter to search. Press Esc to cancel.