BRKZ Raises $31 Million From Aramco's Wa'ed and 500 Global to Scale AI Procurement

Saudi Arabia awarded $196 billion in 2025 for major construction projects, a fifth more than the previous year, with $431 billion still awaiting tender along the Red Sea coast. Every contract leads to thousands of orders for building materials like cement, steel, gravel, and tiles, often procured through outdated methods that leave room for overpayment.

BRKZ has been collecting these prices for four years, pricing $1.37 billion of quotes since 2022, selling $133 million of materials, and doubling revenue in both 2024 and 2025.

Today, BRKZ has secured an additional $31 million to expand its AI-powered platform further. The round includes a $13 million Series B investment co-led by Aramco's Wa ed Ventures and 500 Global, with participation from BECO Capital and Anb Seed Fund, along with $18 million in growth debt from Stride Ventures under a $30 million facility they agreed to last October. The round remains open for additional funding.

Debt is a strategic choice for BRKZ due to the nature of its customers' payment terms. Contractors have up to 90 days to settle, while suppliers require payment upon delivery. BRKZ fills this funding gap, turning its marketplace into a lender. The platform has grown from 350 suppliers to 2,100 in just 30 months, with the catalogue expanding to over 13,000 product records and handling more than $1.37 billion in quote requests annually.