Wa'ed Ventures

About

Wa'ed Ventures is the 500 million dollar corporate venture capital arm of Aramco, founded in 2013 to accelerate the development of the startup ecosystem in Saudi Arabia. Headquartered in Dhahran, the firm invests in local tech-based startups and helps localize pioneering global innovations, bridging the gap between early-stage ideas and full-scale business ventures. It provides a combination of venture capital funding, with deal sizes up to 20 million dollars, and comprehensive post-investment support including incubation, mentoring, and co-working spaces. The fund focuses on key growth sectors such as sustainability, deep tech, digital, and manufacturing, and has recently allocated 100 million dollars to foster the Kingdom's position as a global leader in artificial intelligence. Through its strategic investments and advisory board of global experts, Wa'ed Ventures aims to drive economic growth and improve the quality of life by supporting cutting-edge technologies.

Details

Category
Climate Venture Capital
Year Founded
Country of Headquarters
Saudi Arabia
Region of Operation

UN Sustainable Development Goals

Impact Area

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