BRKZ, a leading B2B managed marketplace for building materials in Saudi Arabia, has secured up to $30 million in growth debt financing from Stride Ventures. The new facility aims to strengthen BRKZ’s ability to offer flexible payment solutions for contractors and partner factories, supporting the rapid expansion of the Kingdom’s construction sector amid a surge in mega and giga-projects.
With Saudi Arabia preparing to host major global events, such as Expo 2030 and the FIFA World Cup in 2034, and flagship projects like King Salman Park, Diriyah Gate, Qiddiya, and The Red Sea Project, the construction industry is entering a new phase of scale and sophistication. BRKZ’s financing will help address a critical need in the sector by improving access to liquidity and streamlining material procurement, positioning the company as a key enabler of Vision 2030’s infrastructure ambitions.
This new growth debt follows BRKZ’s earlier equity raises totaling $22.5 million, supported by existing investors including BECO, BNVT Capital, Better Tomorrow Ventures, and Aramco’s Wa’ed. In 2024, BRKZ achieved a fourfold increase in revenues while maintaining strong unit economics. Since its launch in 2022, the company has processed SAR 3.14 billion (approximately $837 million) in requests for quotations, expanded its catalog to over 7,500 SKUs sourced from more than 1,300 suppliers, and onboarded over 850 contracting companies and factories across the Kingdom.
BRKZ’s selection for the Saudi Unicorns Program further highlights its growing prominence in the national startup ecosystem. Founded by serial entrepreneur Ibrahim Manna, the company was created to solve persistent inefficiencies in construction procurement, including fragmented supply chains, manual workflows, and cash flow challenges that often delay project execution. Through its digital marketplace, contractors and factories can access competitive quotes within minutes and leverage embedded financing aligned with construction cash flow cycles.
The partnership with Stride Ventures marks a significant milestone for both organizations. Stride, which plans to deploy up to half a billion dollars across the GCC by 2026, is expanding its footprint in the region by backing scalable technology-led business models. BRKZ’s growth aligns with Stride’s broader mission to foster financial infrastructure that supports entrepreneurship and industrial modernization in emerging markets.
How the funding will be used: BRKZ plans to invest further in AI-driven procurement tools, expand its payment enablement suite, and extend its supplier network both domestically and internationally, including in the Far East and India. The company is also investing in cloud manufacturing and off-take agreements to reinforce the resilience of Saudi Arabia’s construction supply chain.
KEY QUOTES:
“This growth debt facility from Stride Ventures strengthens our ability to support contractors and factories with more flexible payment and financing enablement options across the Saudi building materials market. It allows us to further expand our tailored embedded financing ecosystem, helping customers manage project cash flows more efficiently. With the recognition of being hand-picked into the Saudi Unicorns Program, we are firmly positioned to scale as the procurement and financial enablement partner of choice for contractors and factories nationwide. Stride has a proven track record of backing companies with similar models, making them the right partner to support us as we scale this vision in Saudi Arabia.”
Ibrahim Manna, Founder & CEO, BRKZ
“BRKZ’s financing enablement solutions have been a game-changer for our projects. Having access to tailored payment terms through their platform allowed us to execute multiple projects across Saudi Arabia more efficiently, while meeting tight deadlines without the usual financing hurdles. Their approach gives contractors like us the confidence and flexibility to scale with the pace of the Kingdom’s giga-projects.”
Khaled Hamada, General Manager, AlFanar Contracting
“BRKZ is a standout startup, building the financing infrastructure to match the pace and scale of Saudi Arabia’s construction transformation under Vision 2030. This partnership reflects our commitment to the region’s entrepreneurial economy, with our GCC expansion set to deploy half a billion dollars across the region by 2026.”
Ishpreet Singh Gandhi, Founder & Managing Partner, Stride Ventures
“We are proud to back BRKZ as it pioneers innovative financing solutions for Saudi Arabia’s building materials sector. Having previously partnered with leaders in similar models in India, we believe BRKZ is well-positioned to replicate and localize that success in the Kingdom. Their strong execution, rapid scale, and alignment with national priorities make them a true standout in the region.”
Fariha Ansari Javed, Partner, Stride Ventures
