BRKZ attracts $31 million with Wa’ed backing
Arabian Post Staff -Dubai Saudi building materials procurement platform BRKZ has raised $31 million in fresh capital, with Aramco-backed Wa’ed Ventures co-leading a $13 million Series B equity round alongside 500 Global. The financing also includes an $18 million growth-debt commitment from Stride Ventures, part of a previously announced $30 million venture-debt facility. BECO Capital and ANB…
Building materials procurement platform BRKZ has secured $31 million in new funding, with Aramco-backed Wa’ed Ventures leading the $13 million Series B round alongside 500 Global. The investment, coupled with an $18 million debt commitment from Stride Ventures, will fuel BRKZ's growth in artificial intelligence capabilities and cross-border sourcing.
BRKZ, based in Riyadh, currently serves over 1,500 contractors and 150 material factories, processing more than $1.37 billion in procurement requests. The company anticipates its revenue to triple by 2026, despite supply chain challenges and volatile material prices in the Middle East. Founder and CEO Ibrahim Manna emphasized that the funding will bolster BRKZ's supply network and data-driven operations, while Wa’ed Ventures' CEO Anas Alghatani expressed confidence in BRKZ's ability to streamline building-material procurement.
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