Saudi Arabia's BRKZ Secures $30 Million Debt from Stride Ventures
Saudi Arabia-based contech BRKZ has secured up to $30 million in growth debt from Stride Ventures.
With the country preparing to host global events such as Expo 2030 and the FIFA World Cup in 2034, and giga-projects like King Salman Park, Diriyah Gate, Qiddiya, and The Red Sea Project advancing, the construction market is shifting towards efficient materials procurement and innovative financing solutions.
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 totalling $22 million.
Efficient materials procurement and innovative financing solutions are emerging as the next catalysts for sustainable growth.
Author's summary: BRKZ secures $30 million debt for growth.
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