Construction procurement is highly fragmented, manual and dark, forcing contractors to deceive numerous suppliers, endure long negotiations and deal with late payments. In Saudi Arabia, where trillion dollar infrastructure and real estate projects are underway, these inefficients are even more pronounced.
To address this, Brcz, a start of Riad -based construction technology, offers a technology -managed technology market that regulates procurement and offers adapted financing solutions. The company has raised $ 9 million ($ 8 million in capital and $ 1 million), bringing its total Serie A funds to $ 17 million, with double -winning investors.
Existing investors, including Aramco’s Waed, Beco Capital, Better Tomorrow Ventures, Class 5 Global, FLUENT Ventures, Knollwood Investment Counseling, Misy Ventures, RZM Investment and 9900 Capital Re-part.
This is a round of A1 Series A1 $ 8 million announced last March.
Ibrahim Manna, an ex -executive at the Uber Careem subsidiary, founded Brkz in 2023 after experiencing these first -hand challenges.
“After Careem’s exit to Uber, I bought a family home in May 2020 and faced with the inefficient chain of construction supply – the durability of visibility in the choice of materials, the uncertainty about the location of the goods and the volatility of the price,” i said Manna Techcrunch. “This disappointment made me understand how obsolete the industry is and that it presented a great opportunity to research.”
Auxiliary building materials
Manna says he met with over 100 suppliers and contractors across the United Arab Emirates, Saudi Arabia and Pakistan to take a clear picture of the construction procurement challenges in the region. He discovered that while the market was broken everywhere, Saudi Arabia was distinguished as the greatest opportunity, driven by the vision of the country 2030 and the strong market market.
In Brcz, contractors and factories can buy essential building materials such as cement, steel and wood. They benefit from transparent prices, competitive quotes in just 20 minutes, and buy now, pay subsequent funding, while factories can derive raw materials and expand their customers’ base.
Similarly, the platform reduces the usual barriers to high transport costs and coordination issues across the regions. Over the past year, Brcz has grown from 1,200 Square and 350 suppliers to over 7,000 Sku and 1,100 suppliers. Since its A1 series, revenues have quadrupled in 2024, with more than 850 contractors and factories using Brcz for large projects such as King Salman Park, Neom and Red Sea project.
Brkz has aggressively expanded to over 40 cities in the central, eastern and western provinces of Saudi Arabia, increasing its RFQ volume from $ 170 million last March to $ 350 million (1.3 billion SAR) today. The construction technology company aims to extend its extension to the North and South provinces, noted Manna.
Diversification of income
To stay ahead of the curve, Brcz will seek to diversify its income flows, which it currently generates through transactions and financing solutions, including purchase now, pay later and appropriate credit offers.
Manna says that while Brcz works with contractors, she wants to start dealing with developers and suppliers, a group of clients with different price needs, materials and models, which require a wider range of auxiliary options. The company plans to begin importing building materials with difficult sources directly from global markets, starting with China this year and later India and Turkey to meet this growing demand in the country.
“We are highly excited about building or enabling a trade corridor between China and Saudi as we begin to import goods that we know our contractors, suppliers and others would like to receive from China. If materials are needed outside of Saudi, we We will take them, label these goods and sell it to contractors, developers and suppliers in Saudi. This marks a shift from the previous Brcz ambitions to expand throughout the Mena region.
In particular, the measure coincides with China’s efforts to strengthen ties with the Middle East markets amid uncertainty about US trade policies. Given the Boom of Saudi Arabia’s construction and China’s important role in megaprojects such as Neom and Line, Brcz Import Strategy can benefit from government -level trade incentives and financing agreements between the two nations.
Full service ecosystem
Beyond the materials, Brcz aims to become a full -service construction ecosystem by addressing four pillars of each project: procurement (its main business today), financing (BNPL and credit solutions), workforce supply and procurement/renting of equipment. Manna, who was the director of Global Markets in Careem, says the expansion in the workforce and equipment services will make Brcz a end-end platform for contractors and developers.
Moreover, an important concentration of the product will be to use it and teach machinery to automate price predictability, purchase orders and other internal processes, improving the efficiency for the company, as well as contractors and suppliers .
The newly established capital will place the company on its way to become that comprehensive procurement center it provides, along with expanding the direction in Saudi Arabia.
“The Brcz team has executed its product and the operating road map to promote efficiency in this fast scale sector, and we are excited to continue to support them in their next chapter. It will fill their digitalized procurement platform and address the challenges of customer money flow, ”said Dany Farha, co -founder and management partner at Beco Capital.
Since the beginning of two years ago, Brcz has raised $ 22.5 million, including $ 5.5 million from the front-and-seed rounds. Manna says the company’s estimation increased by 46% last year, reflecting the increase in revenue 4x from year to year with economics of positive units.
