BRKZ, the Saudi construction supply chain platform founded by Careem veteran Ibrahim Manna, has closed a strategic investment from the Saudi Industrial Investment Company (SIC), the investment arm of the Saudi Industrial Development Fund (SIDF). The deal size was not disclosed.
BRKZ operates a B2B managed marketplace connecting contractors with approximately 1,600 suppliers across more than 7,300 SKUs, using embedded financing and flexible payment terms to address the cash flow gaps that slow construction projects across the Kingdom. The company has processed SAR 3.14 billion (~$837 million) in RFQs to date, serving over 350 SMEs.
The investment will accelerate BRKZ's evolution from a procurement digitisation platform into what the company calls cloud manufacturing, connecting thousands of SMEs with technology, financing and supply chain tools to increase factory productivity, improve access to liquidity and raise capacity utilisation rates. The company now operates across six offices in Riyadh with a team that has grown rapidly since its founding in 2022.
BRKZ has raised over $52 million to date. Previous backers include BECO Capital, Better Tomorrow Ventures, 9900 Capital, Wa'ed Ventures (Aramco's entrepreneurship arm) and Class 5 Global. The company closed a $17 million Series A extension in February 2025, followed by a $30 million growth debt facility from Stride Ventures in October 2025.
SIC has committed approximately SAR 800 million across nine investments in its first 15 months of operations, spanning private equity funds, private debt, direct investments and working capital financing programmes, according to CEO Al-Naeem. Its portfolio includes Aajil (formerly BuildNow), a B2B BNPL platform for industrial supply chains backed by RAED Ventures and Khwarizmi, as well as commitments to funds managed by Ashmore, Jadwa and Investindustrial.
Manna discussed BRKZ's founding story, lessons from Careem and the platform's growth in a recent episode of the FWDstart Podcast.
