As Saudi Arabia prepares to host major global events such as Expo 2030 and the FIFA World Cup 2034, and as giga-projects like King Salman Park, Diriyah Gate, Qiddiya, and The Red Sea Project advance, the Kingdom’s construction market is entering a new phase of unprecedented expansion. In this evolving landscape, efficient procurement and innovative financing solutions are emerging as the key drivers of sustainable growth.
BRKZ today announced that it has secured up to $30 million in growth debt from Stride Ventures, further strengthening its position as one of Saudi Arabia’s leading providers of tailored embedded financing in the building materials market.
This follows BRKZ’s earlier equity rounds totalling $22.5 million, fully backed by existing investors including BECO, BNVT Capital, Better Tomorrow Ventures, and Aramco’s Wa’ed, reflecting long-term investor confidence in the company’s business model. In 2024, BRKZ grew revenues by 4× while maintaining strong unit economics. Since its inception, the company has processed SAR 3.14 billion (~$837M) in RFQs, expanded its catalogue to over 7,500 SKUs sourced from 1,300 suppliers, and onboarded more than 850 contractors and factories across the Kingdom.
The company was recently hand-picked for the Saudi Unicorns Program, underscoring its position as one of Saudi Arabia’s fastest-growing and strategically aligned startups within Vision 2030.
Ibrahim Manna, Founder & CEO of BRKZ, said:
“This growth debt facility from Stride Ventures strengthens our ability to support contractors and factories with more flexible payment and financing options across the Saudi building materials market… With our inclusion in the Saudi Unicorns Program, we are well-positioned to scale as a trusted procurement and financial enablement partner across the Kingdom.”
Khaled Hamada, General Manager at AlFanar Contracting, added:
“BRKZ’s embedded financing solutions have been a game-changer for our projects. The flexible payment terms offered through their platform allowed us to execute multiple projects efficiently while meeting tight deadlines — eliminating traditional financing barriers.”
Ishpreet Singh Gandhi, Founder & Managing Partner of Stride Ventures, stated:
“BRKZ is a standout startup building financing infrastructure aligned with the pace and scale of Saudi Arabia’s construction transformation under Vision 2030. Our partnership underscores Stride’s commitment to the GCC, with plans to deploy $500 million in the region by 2026.”
Fariha Ansari Javed, Partner at Stride Ventures, said:
“We are proud to back BRKZ as it pioneers innovative financing solutions in Saudi Arabia’s building materials sector. Their robust execution, rapid growth, and alignment with national priorities make them a leading example of innovation in the region.”
Looking forward, BRKZ plans to invest in AI-driven procurement tools, expand its flexible payment enablement suite, and grow its supplier network both within Saudi Arabia and internationally — particularly across East Asia and India. The company also aims to strengthen cloud manufacturing models and supply chain resilience, supporting long-term industrial growth in the Kingdom’s booming construction market.
