Wa’ed Ventures
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital, Private Equity
Stage Focus
Seed, Early Stage, Series A, Series B, Growth, Late Stage, Pre-IPO, Buyout, Turnaround, Distressed
Geographical Focus
Luxembourg, Saudi Arabia
Industries Focus
- Technology
- Healthcare
- Energy
- Retail
- Education
- Agriculture
- FinTech
- Transportation
- Metaverse
- Manufacturing
- Sustainability
- Quantum Computing
- IoT
- Digitalization
- Social Innovation
Investment Size:
1,000,000 to 20,000,000 USD
Investor Details Founded: 2013
Wa’ed Ventures, established in 2013, is the venture capital arm of Saudi Aramco, dedicated to fostering innovation and entrepreneurship within Saudi Arabia and beyond. With a fund size of up to $500 million, Wa’ed Ventures invests in tech-based startups across various sectors, including energy, sustainability, digitalization, and social innovation. The fund offers investments ranging from $1 million to $20 million per deal, focusing on seed to growth-stage companies. In addition to financial support, Wa’ed Ventures provides comprehensive post-investment services, including incubation programs, mentorship, and access to Aramco's extensive network and resources. This holistic approach aims to bridge the gap between local startups and full-fledged business ventures, facilitating their growth and expansion both locally and internationally. Notable investments include a $13 million funding in Luxembourg-based 5G IoT satellite operator OQ Technology, marking Wa’ed Ventures' first overseas investment. The fund's portfolio spans over 75 companies, emphasizing deep-tech and global tech localization. Wa’ed Ventures continues to play a pivotal role in advancing Saudi Arabia's innovation ecosystem, contributing to the kingdom's economic diversification and technological advancement.
Requirements
- Tech-based startups
- Seed to growth-stage companies
- Focus on energy, sustainability, digitalization, and social innovation sectors
- Alignment with Aramco's strategic interests
- Potential for local and international expansion
Contact
[Official Website Hidden]
[HQ Location Hidden]
[Email Hidden]
[Contact Number Hidden]
Portfolio Companies
- OQ Technology
- 1Pass
- Athir
- Cura
- YNMO
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