# BRKZ raises $31M for Saudi construction procurement > BRKZ has raised $31 million in Series B equity and growth debt as its procurement platform serves more than 1,500 contracting companies. - Publication: Go Big News - By Nifal Adam, Go Big News Staff (Staff News) - Category: Startups - Published: 2026-09-15T10:56:11.99+00:00 - Canonical: https://www.gobignews.com/startups/brkz-raises-31m-for-saudi-construction-procurement --- BRKZ has raised $31 million in new capital, split between $13 million in Series B equity and $18 million in growth debt. The Riyadh-based company announced the financing in a [release](https://www.globenewswire.com/news-release/2026/09/14/3360818/0/en/brkz-secures-31-million-to-scale-ai-enabled-building-materials-procurement-across-saudi-arabia-and-the-gcc.html). Wa’ed Ventures, Aramco’s venture capital arm, and 500 Global co-led the equity round. BECO Capital and Anb Seed Fund also participated. Stride Ventures provided the debt commitment through BRKZ’s previously announced $30 million venture debt facility. The funding comes as BRKZ says its platform serves more than 1,500 contracting companies and 150 building-materials factories, supported by roughly 2,100 local and international suppliers. Since it was founded, the company says it has processed more than $1.37 billion in requests for quotations through the platform. BRKZ will use the money to develop its AI-powered pricing and fulfillment engine and introduce embedded financing for contractors and suppliers. Founder and CEO Ibrahim Manna said demand for reliable material access, competitive prices and dependable fulfillment continued despite regional and supply-chain disruptions. Founded in 2022 and headquartered in Riyadh, BRKZ previously closed a $17 million Series A, including equity and venture debt, in early 2025. At that time, it reported more than 850 contractors and factories on its platform and $350 million in RFQs processed. BRKZ said revenue grew 2.5 times year on year in 2025 and that it expects revenue to triple in 2026.