Saudi-Based BRKZ Raises $30 Million Growth Debt From Stride Ventures

Saudi Arabia-based contech B2B marketplace, BRKZ, has secured up to $30 million in growth debt from Stride Ventures to expand flexible payment and embedded financing across its building materials procurement platform. BRKZ said the facility will support wider access to payment options for contractors and factories, alongside investment in AI-powered procurement tools, cloud manufacturing models, and international supplier networks across the Far East and India. “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," Ibrahim Manna, founder & CEO of BRKZ, said. "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.” The company, which selected for the Saudi Unicorns Programme, has processed $837 million (SAR 3.14 billion) in requests for quotes, expanded its catalogue to over 7,500 stock-keeping units from 1,300 suppliers, and onboarded more than 850 contracting companies and factories. BRKZ added that it grew revenues by 4× in 2024 while maintaining healthy unit economics, and that earlier equity rounds totalled $22.5 million.