BRKZ secures $31 million to scale AI-powered construction procurement
Saudi Arabia-based construction technology startup BRKZ has secured $31 million in new capital, comprising a $13 million Series B equity round co-led by Wa’ed Ventures and 500 Global, with participation from BECO Capital and ANB Capital, and an $18 million growth debt commitment from Stride Ventures. The $18 million debt commitment forms part of BRKZ's previously announced $30 million venture…
Saudi Arabia's BRKZ construction technology startup has raised $31 million in new funding to accelerate its AI-powered procurement platform. The Series B equity round, led by Wa’ed Ventures and 500 Global, saw participation from BECO Capital and ANB Capital. Stride Ventures contributed $18 million in growth debt as part of their existing $30 million venture debt facility.
This brings BRKZ's total funding to over $70 million since its 2022 inception, founded by Ibrahim Manna in Riyadh. The company's AI-enabled platform connects contractors with local and international suppliers for building materials and raw materials, offering sourcing, pricing, logistics, and flexible payment solutions. With the new capital, BRKZ will enhance its AI capabilities, expand its supply chain integration, and scale cross-border sourcing, particularly with China and India.
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