Riyadh-based B2B construction tech startup BRKZ has raised $8 million in a Series A funding round, while Bogota-based payment orchestration platform Yuno has secured $25 million.
BRKZ bags funding led by 9900 Capital, BECO Capital
BRKZ has raised $8 million in a Series A funding round led by 9900 Capital and BECO Capital, according to a statement on Wednesday.
The round, which is set to deepen BRKZ’s proprietary capabilities, was joined by Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures.
BRKZ has raised a total of $13.55 million, following its $5.55-million seed round led by Better Tomorrow Ventures, with participation from Class 5 Global, Knollwood Investment Advisory, Plus VC, and several other strategic Saudi angel investors.
Launched last year by founder Ibrahim Manna, BRKZ seeks to address challenges in the construction industry such as fragmented supply chains, operational inefficiencies, and lack of access to finances.
BRKZ offers buyers of building materials access to a wide pool of suppliers with ease while suppliers can tap into a wide pool of buyers. To date, the firm claims to have facilitated over $170 million in quotations across nearly 1,200 products from more than 350 suppliers.
Yuno raises financing for Europe, Asia expansion
Yuno, a Bogota-based payments orchestration platform, has secured $25 million in a Series A round as it plans to enter new markets in Europe, Asia, and Africa, according to a statement.
The round was joined by a consortium of investors including DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.
“This financial backing validates our vision and our ability to take the global payments industry into the future, helping fuel positive change across many different sectors of the economy. We are thrilled to bring our cutting-edge solutions to new markets,” Juan Pablo Ortega, Yuno CEO and Co-founder, said.
Yuno will use the fresh funding to strengthen its operations in North and South America, the statement said, while also entering new markets to benefit its customers.
Founded by tech entrepreneurs Juan Pablo Ortega and Julián Núñez, Yuno has served customers like McDonald’s, Avianca, inDrive, Rappi, and others across 50 countries with features such as one-click checkout modifications, smart routing, and the integration of information from all payment processors and anti-fraud tools.