Saudi Contech BRKZ Secures $30 Million Growth Debt from Stride Ventures Amidst Giga-Project Boom
BRKZ, a leading Saudi Arabia-based construction technology (contech) platform, has successfully secured a significant growth debt facility of up to $30 million from Stride Ventures. This substantial investment is poised to fuel BRKZ’s strategic expansion, particularly in enhancing its flexible payment and embedded financing solutions. The capital injection is critical for empowering contractors and factories across the region to optimize their cash flow management and scale their operations more efficiently, marking a pivotal moment for digital transformation within Saudi Arabia’s burgeoning construction sector. This funding arrives as the Kingdom gears up for massive developments, including Expo 2030 and the FIFA World Cup in 2034, alongside ambitious giga-projects like King Salman Park, Diriyah Gate, Qiddiya, and The Red Sea Project.
BRKZ’s Strategic Expansion and Impact on Saudi’s Construction Landscape
Founded in 2023 by Ibrahim Manna, BRKZ operates as a vital B2B contech platform, offering an extensive selection of suppliers and construction materials. Beyond its robust marketplace, the company distinguishes itself by providing diverse delivery and payment options, streamlining procurement for the construction industry. The $30 million growth debt will be strategically deployed to deepen BRKZ’s commitment to innovation. Plans include significant investment in advanced AI-powered procurement tools, the development of sophisticated cloud manufacturing models, and the expansion of its international supplier networks, particularly across the Far East and India. These initiatives underscore BRKZ’s vision to revolutionize the supply chain, making it more agile and responsive to the demands of large-scale projects. This achievement builds on BRKZ’s recent milestones, including its selection for the prestigious Saudi Unicorns Programme and the completion of its Series A extension, valued at $17 million, in February 2025, signaling strong investor confidence and a clear trajectory for growth in the Middle East’s tech ecosystem.
This financing not only highlights Stride Ventures’ belief in BRKZ’s potential but also underscores the increasing appetite for innovative solutions within Saudi Arabia’s rapidly evolving construction landscape. As the Kingdom pushes forward with its Vision 2030 objectives, contech solutions like those offered by BRKZ are indispensable for driving efficiency, managing complex supply chains, and ensuring the successful execution of monumental infrastructure projects. BRKZ is positioned to be a key enabler in this transformation, supporting the digital evolution of construction practices nationwide.
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