Wa'ed Ventures is the venture capital arm of Saudi Aramco, investing in early-stage and growth-stage technology startups.
Location
Dhahran, Eastern Province, SA
Founded
2013
Geographic Focus
Regional
Wa'ed Ventures was launched by Saudi Aramco in 2013 as a $200 million corporate venture fund and expanded to $500 million in 2022. The firm rebranded from Saudi Aramco Entrepreneurship Ventures to Wa'ed Ventures in 2023 as it shifted from a broader entrepreneurship program toward a dedicated venture capital mandate. Headquartered in Dhahran at the Dhahran Techno Valley, the firm operates as a wholly owned subsidiary of Aramco.
Wa'ed Ventures invests in seed through growth-stage technology companies across artificial intelligence, deep tech, fintech, and industrial software, with maximum ticket sizes raised to $20 million in 2021. As of 2025, the firm reported deploying approximately $270 million across more than 75 portfolio companies, with $100 million earmarked over three years for early-stage artificial intelligence investments announced in October 2024.
Wa'ed Ventures - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Portfolio Companies1
Follow-on Investments1
Current Portfolio Count1
Top Investment Stages
Series A1 (50.0%)
Series B1 (50.0%)
Stage Mix
Series A 50%Series B 50%
Concentration shown as share of disclosed investments by stage.