Riyadh-based construction tech and supply chain firm BRKZ raised up to USD 30 mn in growth debt from Indian venture capital firm Stride Ventures, Wamda reported on Tuesday. The company has previously secured around USD 22.5 mn through earlier equity rounds, including a USD 17 mn series A funding round.

Where will the money go? The funds will be used to expand the firm’s financing enablement capabilities, giving contractors and factories across Saudi Arabia more flexible payment options and stronger cashflow support, founder and CEO Ibrahim Manna told EnterpriseAM. It will also use a portion of the capital to develop its procurement process.

The Saudi market is the top priority: The company is focused on expanding its presence in Saudi Arabia while maintaining active trade routes with China, India, the UAE, and Europe, Manna said. It sources raw materials from India and China and benefits from the UAE and Europe for logistics and quality advantages. Future expansion is being considered in the UAE and Qatar, driven by strong construction activity and market similarities with Saudi Arabia.

What’s next? The company plans to focus on scaling up its factories and raw materials segment while continuing to invest in AI-driven procurement tools, Manna added. It is also doubling down on cloud manufacturing models and supply/offtake arrangements.

The company is also currently engaging with investors and venture capital firms to prepare for its upcoming Series B round, Manna mentioned. It aims to attract partners who can add value beyond capital, particularly in areas like technology, fintech, and regional expansion.

About BRKZ: Founded in 2022 by Ibrahim Manna (LinkedIn), BRKZ provides a B2B platform that connects suppliers and contractors in the construction industry, aiming to address the fragmented, manual procurement processes. BRKZ served over 850 contractors and processed USD 350 mn in RFQs in 2024, supporting gigaprojects like Neom and Red Sea.

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