Key Takeaways
- • BRKZ, a Riyadh-based AI-enabled building materials procurement platform, secured $31M in combined equity and debt financing, comprising $13M in Series B equity co-led by Wa'ed Ventures and 500 Global, plus $18M in debt from Stride Ventures.
- • The funding round brings BRKZ's total capital raised to over $70M, positioning the company to scale operations across the GCC region with enhanced AI capabilities for quotation, pricing, and fulfillment automation.
- • The company serves 1,500+ contracting companies and 150 building materials factories across Saudi Arabia, leveraging an AI pricing engine trained on 40,000+ RFQs to automate procurement workflows and manage embedded financing.
- • Capital allocation prioritizes vertical integration across the supply chain, cross-border sourcing expansion with international manufacturing markets, and advancement of AI-driven price prediction and bulk-delivery automation.
- • The debt component reflects a credit-enabled working capital model supporting flexible payment terms for customers, indicating a hybrid fintech structure beyond pure software-as-a-service positioning.
Summary
BRKZ, a Riyadh-based artificial intelligence–enabled building materials procurement platform, has closed a $31M funding round combining equity and debt instruments. The equity tranche comprised $13M in Series B funding co-led by venture capital firms Wa'ed Ventures and 500 Global, with participation from BECO Capital and Anb Seed Fund. Stride Ventures provided an $18M debt facility. The round elevates BRKZ's cumulative capital raised to over $70M since inception.
The company, led by Founder and CEO Ibrahim Manna, operates a technology-enabled marketplace connecting contractors, distributors, and factories with local and international building materials suppliers. The platform integrates Saudi Arabia's supplier network with international sourcing capabilities, managing pricing, quality assurance, logistics, and embedded financing through a unified procurement interface. The platform's AI engine, trained on approximately 40,000 requests for quotation (RFQs), generates price predictions and automates bulk-delivery processing to streamline procurement workflows.
BRKZ's current footprint encompasses over 1,500 contracting companies and 150 building materials factories across Saudi Arabia. The company intends to deploy the newly raised capital toward three strategic priorities: advancing AI capabilities in quotation, pricing, and fulfillment automation; deepening vertical integration across the supply chain; and scaling cross-border sourcing and trading relationships with international manufacturing markets. The $18M debt facility from Stride Ventures underscores the working capital intensity of BRKZ's model, supporting flexible payment terms for customers while enabling the company to manage inventory and supplier relationships at scale.
The funding composition—$18M in debt versus $13M in equity—reflects a hybrid fintech model distinct from traditional software platforms. This credit-driven structure suggests BRKZ generates revenue not solely through software licensing but also through financing services embedded in the procurement workflow, positioning the company within both the construction technology and alternative credit sectors within the GCC region.
The company, led by Founder and CEO Ibrahim Manna, operates a technology-enabled marketplace connecting contractors, distributors, and factories with local and international building materials suppliers. The platform integrates Saudi Arabia's supplier network with international sourcing capabilities, managing pricing, quality assurance, logistics, and embedded financing through a unified procurement interface. The platform's AI engine, trained on approximately 40,000 requests for quotation (RFQs), generates price predictions and automates bulk-delivery processing to streamline procurement workflows.
BRKZ's current footprint encompasses over 1,500 contracting companies and 150 building materials factories across Saudi Arabia. The company intends to deploy the newly raised capital toward three strategic priorities: advancing AI capabilities in quotation, pricing, and fulfillment automation; deepening vertical integration across the supply chain; and scaling cross-border sourcing and trading relationships with international manufacturing markets. The $18M debt facility from Stride Ventures underscores the working capital intensity of BRKZ's model, supporting flexible payment terms for customers while enabling the company to manage inventory and supplier relationships at scale.
The funding composition—$18M in debt versus $13M in equity—reflects a hybrid fintech model distinct from traditional software platforms. This credit-driven structure suggests BRKZ generates revenue not solely through software licensing but also through financing services embedded in the procurement workflow, positioning the company within both the construction technology and alternative credit sectors within the GCC region.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.