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 major events like Expo 2030 and the FIFA World Cup in 2034, and large-scale projects such as King Salman Park, Diriyah Gate, Qiddiya, and The Red Sea Project underway, Saudi Arabia's construction market is experiencing significant growth.
- Expo 2030
- FIFA World Cup in 2034
- King Salman Park
- Diriyah Gate
- Qiddiya
- The Red Sea Project
Efficient materials procurement and innovative financing solutions are emerging as the next catalysts for sustainable growth.
BRKZ has announced that it has secured up to $30 million in growth debt from Stride Ventures to strengthen its position in tailored embedded financing for the Kingdom's building materials market.
This announcement follows BRKZ's earlier equity rounds totaling $22 million.
Author's summary: BRKZ secures $30 million debt from Stride Ventures.