Saudi Arabia's BRKZ Secures $30 Million Debt from Stride Ventures
Saudi Arabia-based construction technology company BRKZ has secured up to $30 million in growth debt from Stride Ventures.
With the country preparing to host global events like Expo 2030 and the FIFA World Cup in 2034, and projects like King Salman Park, Diriyah Gate, Qiddiya, and The Red Sea Project advancing, the construction market is growing, with efficient materials procurement and innovative financing solutions emerging as key catalysts for sustainable growth.
BRKZ has announced it has secured up to $30 million in growth debt from Stride Ventures to strengthen its position as a key innovator in tailored embedded financing for the Kingdom’s building materials market.
This announcement follows BRKZ’s earlier equity rounds totaling $22 million.
BRKZ aims to utilize the secured debt to further enhance its innovative financing solutions.
Author's summary: BRKZ secures $30 million debt from Stride Ventures.