BRKZ Fuels KSA Construction Boom with $30M Finance Boost

A major financial boost is set to accelerate Saudi Arabia’s booming construction industry, with BRKZ securing up to $30 million in growth debt from Stride Ventures. This substantial facility will empower the B2B building materials marketplace to expand its flexible payment solutions, directly supporting partner factories and contractors while fueling growth across the entire construction supply chain. The timing is critical, as the Kingdom prepares for globally significant events like Expo 2030 and the 2034 FIFA World Cup, alongside massive giga-projects including King Salman Park, Diriyah Gate, Qiddiya, and The Red Sea Project.

This new debt financing builds upon BRKZ’s previous successful equity rounds, which collectively raised $22.5 million. The company’s most recent round saw full participation from returning investors such as BECO, BNVT Capital, Better Tomorrow Ventures, and Aramco’s Wa’ed venture capital arm. This consistent backing signals strong, long-term confidence in BRKZ’s business model and its impressive performance. In 2024 alone, the company achieved a remarkable fourfold increase in revenues while maintaining robust unit economics. Since its inception, BRKZ has processed an astounding SAR 3.14 billion (approximately $837 million) in requests for quotation, dramatically expanded its product catalog to over 7,500 SKUs sourced from 1,300 suppliers, and successfully onboarded more than 850 unique contracting companies and factories nationwide.

In a significant endorsement of its potential, BRKZ was selected for the prestigious Saudi Unicorns Program, identifying it as one of the Kingdom’s most promising high-growth companies that is strategically aligned with national development priorities.

The company was founded in 2022 by serial entrepreneur Ibrahim Manna to tackle long-standing inefficiencies in the construction procurement process. These challenges include fragmented supply chains, reliance on manual operations, and the persistent cash flow gaps that often delay project execution and inflate costs for contractors and factories. BRKZ’s technology-powered managed marketplace allows contractors and factories to obtain competitive quotes within minutes and access embedded financing solutions specifically designed for the unique cash flow cycles of construction projects.

Ibrahim Manna, Founder and CEO of BRKZ, commented on the development, stating, “This growth debt facility from Stride Ventures significantly enhances our capacity to support contractors and factories with more adaptable payment and financing options throughout the Saudi building materials market. It enables us to further develop our tailored embedded financing ecosystem, helping our customers manage their project cash flows with greater efficiency. Our selection for the Saudi Unicorns Program firmly positions us to scale as the preferred procurement and financial enablement partner for contractors and factories across the nation. Stride Ventures has a demonstrated history of supporting companies with similar models, making them the ideal partner to help us realize our vision in Saudi Arabia.”

Khaled Hamada, General Manager of AlFanar Contracting, shared his company’s positive experience, noting, “The financing enablement solutions from BRKZ have fundamentally transformed how we manage our projects. Gaining access to customized payment terms through their platform has allowed us to execute multiple projects across Saudi Arabia far more efficiently. We can now meet demanding deadlines without encountering the typical financing obstacles. Their approach provides contractors like us with the confidence and operational flexibility needed to keep pace with the Kingdom’s ambitious giga-projects.”

As transformative developments like Qiddiya, Diriyah Gate, and Expo 2030 continue to redefine the construction sector, the industry’s focus is intensifying on operational efficiency, financial agility, and technological innovation. BRKZ’s model, which is centered on financing enablement, is specifically engineered to equip contractors and factories with the reliable tools required for successful execution, even within a challenging market environment.

Ishpreet Singh Gandhi, Founder and Managing Partner of Stride Ventures, remarked, “BRKZ is an exceptional startup that is constructing the essential financial infrastructure to match the speed and scale of Saudi Arabia’s construction transformation under Vision 2030. Our partnership underscores our dedication to the region’s entrepreneurial economy, and our expansion into the GCC is on track to deploy half a billion dollars across the region by 2026.”

Fariha Ansari Javed, Partner at Stride Ventures, added, “We are proud to support BRKZ as it pioneers innovative financing solutions for Saudi Arabia’s building materials sector. Having previously collaborated with leaders employing similar models in India, we are confident that BRKZ is perfectly positioned to replicate and adapt that success within the Kingdom. Their strong execution, rapid scaling, and alignment with national priorities truly make them a standout enterprise in the region.”

Looking forward, BRKZ plans to continue its strategic investments in AI-driven procurement tools, broaden its suite of flexible payment enablement options, and grow its supplier network both within Saudi Arabia and in key international markets like the Far East and India. The company is also intensifying its focus on cloud manufacturing models and supply/off-take arrangements, aiming to further bolster the growth and resilience of factories and raw material sourcing operations throughout the Kingdom.

(Source: MEA Tech Watch)