BRKZ, a construction technology startup based in Riyadh, has raised $17 million in investment to create a platform that will help make it easier and faster to acquire construction materials in Saudi Arabia. This investment will allow the company to establish more transparent and efficient connections between suppliers and contractors.
BRKZ offers construction materials online. The platform enables contractors to access materials at fast prices and use financing options like "buy now, pay later." This helps address issues such as price volatility, payment delays, and coordination challenges that were previously common. Currently, BRKZ offers over 1,100 suppliers and more than 7,000 products, ensuring the company can successfully support large-scale projects.
The company plans to expand its operations in the future. For example, it aims to import construction materials from China and increase its presence in various regions of Saudi Arabia. Additionally, BRKZ intends to offer services like workforce and equipment rental to create a complete construction ecosystem.
The new investment will help bring these plans to life and support further growth in Saudi Arabia.
