BRKZ Raises $31M in new capital
Startups Magazine Roshini Bains
Saudi procurement platform BRKZ raised $31M to push its AI pricing and financing tools. It’s already processing huge volumes, and now it wants to move faster across Saudi Arabia and beyond.
Based on reporting by Startups Magazine, Roshini Bains — read the original for the full story.
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BRKZ has pulled in $31 million in new capital to keep automating how building materials get priced, financed and delivered in Saudi Arabia. The company sits in a stubborn part of the construction economy: big spending, messy procurement, lots of manual work. Its bet is that software can clean up all three at once.
The money comes in two parts. There’s $13 million in Series B equity, co-led by Wa’ed Ventures, the venture arm of Aramco, and 500 Global, with BECO Capital and Anb Seed Fund also in the round. Then there’s $18 million in growth debt from Stride Ventures, drawn under BRKZ’s previously announced $30 million venture debt facility. That debt is meant to reinforce working capital and make customer payment terms more flexible.
The timing helps. BRKZ says revenue is on track to triple in 2026, after growing 2.5x year on year in 2025, even with geopolitical and supply-chain disruption across the Middle East. The company now works with more than 1,500 contracting companies, 150 building materials factories and 2,100 local and international suppliers. Since launch, it has sold over $133 million in materials and processed $1.37 billion in RFQs.
What BRKZ is really selling is a single procurement layer for contractors, distributors and factories. It handles pricing, quality assurance, logistics and commercial terms through one relationship, while also pushing into embedded financing. The company says its dataset now holds 38 million structured data points across more than 13,000 product records and 2,100-plus supplier profiles, feeding an AI pricing engine trained on 40,000 RFQs. BRKZ says 84–89% of its predictions land within 5% of the final price. Around three-quarters of delivery notes are now processed without manual intervention.
The new cash will go into AI, deeper sourcing, and more private-label and specialty materials. BRKZ is also stretching further into cross-border supply, including China and India, while supplying projects such as The Red Sea Project, Diriyah, Qiddiya, ROSHN and King Salman Park. It has now raised more than $70 million in total capital across equity and debt, which is a decent reminder that “digitising procurement” is not a tiny side quest in Saudi construction.
My take — AI-written commentary, not fact-checked reporting
This is one of those rounds that makes sense because the market is still a mess. If a company can turn RFQs, delivery notes and payment terms into software, it has found real friction, not just a pitch deck buzzword. The bigger story is that infrastructure boring enough to ignore is exactly where the money ends up when everyone gets tired of spreadsheets.
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