Saudi Aramco Entrepreneurship Ventures

What is Saudi Aramco Entrepreneurship Ventures?

Saudi Aramco Entrepreneurship Ventures, also known as Wa'ed Ventures, is the corporate venture capital arm of Saudi Aramco, a leading global energy and chemicals company. Established with the mission to ignite entrepreneurial innovation in the Kingdom of Saudi Arabia, Wa'ed Ventures strategically invests in innovative startups that have high growth potential and that align with Saudi Aramco's strategic interests.

They are based in Dhahran, Ash Sharqiyah, Saudi Arabia, emphasizing the development of the local economy and fostering a culture of entrepreneurship. As a corporate VC, the fund focuses on several sectors, including energy and sustainability, advanced materials, and artificial intelligence, reflecting Saudi Aramco's core business domains.

They offer equity financing and venture loans to empower founders and contribute to Saudi Aramco’s strategy of developing a vibrant and diverse ecosystem. Wa'ed Ventures supports the long-term prosperity of the Kingdom and seeks to be a catalyst for economic diversification, optimizing the value of the nation's vast natural energy resources through strategic partnerships and helping to transform ideas into marketable solutions.

By backing ventures that have synergies with Saudi Aramco's vast operations, they aim to advance technological innovations and create sustainable value. The fund leverages its parent company's extensive resources, including research and development capabilities, operational expertise, and global network, to provide portfolio companies with unmatched access to new markets and growth opportunities.