Today we're announcing BRKZ's Series B: $31M in new capital to make building materials procurement in Saudi Arabia smarter, faster, and more reliable.
$13M in equity, co-led by Wa'ed Ventures (Aramco's VC arm) and 500 Global, with BECO Capital and ANB seed fund. Plus $18M in growth debt from our partners at Stride Ventures.
The past twelve months were the hardest environment we've operated in. Regional disruption, broken supply chains, shifting prices week to week.
They were also our best year.
Revenue is on track to triple in 2026, after growing 2.5x in 2025. Not because the market got easier, but because when things get hard, contractors and factories need what we built even more: reliable access to materials, honest pricing, and deliveries that actually show up.
Some numbers I'm proud of:
→ 1,500+ contracting companies and 150 factories on the platform
→ ~2,100 local and international suppliers
→ SAR 500M+ in materials sold since inception
→ SAR 5B+ in RFQs processed
And the part I'm most excited about: the first three years were about building the supply network, the logistics, and the data. ~38 million structured data points across 13,000+ products and 2,100+ suppliers. That foundation now powers an AI pricing engine trained on ~40,000 RFQs, with 84–89% of predictions landing within 5% of the final transacted price.
Our AI agents already run parts of daily operations. Nusa, our delivery agent, reads delivery-note photos sent over WhatsApp, matches them to orders, verifies quantities, and closes deliveries on its own. Roughly three-quarters of cement delivery notes now go through without anyone touching them.
This round lets us go further:
→ Automate more of the procurement journey, from quotation to fulfilment
→ Integrate deeper across the chain, from raw materials to last-mile delivery
→ Scale direct sourcing corridors with China, India, and other manufacturing hubs
Thank you to the Wa'ed Ventures team, 500 Global, Anb seed fund, and BECO Capital for believing in what we're building. To Saudi Industrial Development Fund - SIDF (SIC) for the strategic investment earlier this year. And to every contractor and supplier who trusted us with their projects, from The Red Sea to Diriyah to Qiddiya.
Most of all, to the BRKZ team. None of this happens without you.
We're just getting started!
Forbes Article: https://lnkd.in/d4PvQZbh
BECO Capital Better Tomorrow Ventures 500 Global 500 MENA Knollwood Investment Advisory Saudi Industrial Development Fund - SIDF Class 5 Global Plus VC (+VC) Mudassir Sheikha FJ Labs Expa Fluent Ventures Benevolent RZM Investment
