Startup Intelligence Platform
Wa'ed Ventures is a $500 million venture capital fund wholly owned by Saudi Aramco, established in 2013 to foster the development of an integrated startup ecosystem in Saudi Arabia. The fund focuses on investing in local tech-based startups and incentivizing global entrepreneurs to localize their technological innovations within the Kingdom. By providing both venture capital funding and post-investment support services, Wa'ed Ventures aims to bridge the gap between early-stage startups and fully developed business ventures, contributing to the growth of Saudi Arabia's entrepreneurial landscape. The fund's investment strategy encompasses a wide range of technology sectors, including artificial intelligence, quantum computing, drones, fintech, and the Internet of Things (IoT). Wa'ed Ventures targets startups at various stages, from seed to growth, with investments up to $20 million per deal. In addition to financial support, the fund offers comprehensive services such as business incubation, mentorship, and access to Aramco's extensive network and market intelligence. This holistic approach is designed to accelerate the growth and internationalization of its portfolio companies. Since its inception, Wa'ed Ventures has invested over $270 million in more than 75 startups, both within Saudi Arabia 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 diverse industries, reflecting its commitment to supporting innovation across multiple sectors. Through these efforts, Wa'ed Ventures continues to play a pivotal role in advancing Saudi Arabia's innovation ecosystem and promoting economic diversification.