BRKZ, a leading B2B managed marketplace for building materials in Saudi Arabia, has secured up to $30 million in a growth debt facility from Stride Ventures. The new financing is set to significantly enhance BRKZ’s capabilities in offering flexible payment and embedded financing solutions, empowering contractors and factories to better manage cash flow cycles amidst the Kingdom’s giga-project-driven construction surge.
Powering the Kingdom’s Vision
As Saudi Arabia prepares to host global events like Expo 2030 and the FIFA World Cup 2034, its construction market is undergoing an unprecedented expansion. Giga-projects such as King Salman Park, Diriyah Gate, Qiddiya, and The Red Sea Project are advancing rapidly, creating a demand for efficient materials procurement and innovative financial solutions. BRKZ is positioning itself at the nexus of this transformation, providing the digital and financial infrastructure needed to support the sector’s explosive growth. The company aims to address long-standing inefficiencies, including fragmented supply chains, manual processes, and cash flow gaps that often slow down project execution.
Scaling with Strong Momentum
Founded in 2022 by serial entrepreneur Ibrahim Manna, BRKZ has demonstrated impressive traction. In 2024, the company grew its revenues fourfold while maintaining healthy unit economics. Since its launch, BRKZ has processed SAR 3.14 billion (approximately $837 million) in requests for quotations (RFQs), expanded its catalog to over 7,500 SKUs from 1,300 suppliers, and onboarded more than 850 unique contracting companies. This growth debt announcement follows earlier equity rounds totaling $22.5 million, with its latest round fully covered by repeat investors including BECO, BNVT Capital, Better Tomorrow Ventures, and Aramco’s Wa’ed. The company was also recently selected for the prestigious Saudi Unicorns Program, underscoring its potential and strategic alignment with national priorities.
A Strategic Partnership for Growth
The collaboration with Stride Ventures, a global venture debt platform, provides BRKZ with both capital and strategic expertise. Stride has a track record of backing similar B2B marketplace models in other high-growth markets.
“BRKZ is a standout startup, building the financing infrastructure to match the pace and scale of Saudi Arabia’s construction transformation under Vision 2030,” commented Ishpreet Singh Gandhi, Founder & Managing Partner at Stride Ventures. “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.”
Ibrahim Manna, Founder & CEO of BRKZ, added, “This growth debt facility from Stride Ventures strengthens our ability to support contractors and factories with more flexible payment and financing enablement options. It allows us to further expand our tailored embedded financing ecosystem, helping customers manage project cash flows more efficiently.”
About BRKZ
BRKZ is a B2B managed marketplace transforming construction procurement in Saudi Arabia. By connecting contractors and factories with suppliers through a tech-enabled platform, BRKZ provides access to thousands of SKUs, competitive pricing, and technology-enabled payment and financing solutions. With a focus on efficiency and transparency, BRKZ empowers the MENA region’s construction sector to meet its ambitious goals.
About Stride Ventures
Stride Ventures is a leading global venture debt and private credit platform with a presence across India, the GCC, the UK, and Southeast Asia. With over $1.3 billion in credit enabled globally across multiple vehicles, Stride has partnered with more than 180 portfolio companies. The firm has committed to deploying $500 million in the GCC by 2026 through its recently closed ADGM Fund.
Source: Zawya
