Saudi Aramco Entrepreneurship Ventures

company

About

Wa’ed Ventures invests in innovative early-stage startups with high growth potential.

  • 1 - 10

Details

Industries
Venture Capital
Founded date
Jan 1, 2013
Number Of Employee
1 - 10
Operating Status
Active
Investor Type
CVC

Wa’ed Ventures is the venture capital arm of Saudi Aramco Entrepreneurship Center (Wa’ed), established by Saudi Aramco with the vision of igniting the spirit of entrepreneurship in the Kingdom of Saudi Arabia. Wa’ed has deployed a suite of programs over the years to assist entrepreneurs in establishing, enhancing, or expanding their ventures. These programs comprise development and financial support including business incubation, coaching and training to guide and nurture entrepreneurs along different business stages, seed funding, non-collateral loans, venture capital (equity/debt) investment, and business development. These programs support the development of small- and medium-sized enterprises (SMEs) capable of localizing industries and diversifying the Kingdom’s economy. Wa’ed also collaborates and engages with key players in order to create an effective entrepreneurship ecosystem.

Wa’ed aspires to provide leadership in promoting entrepreneurship to support economic growth, diversification, and social development in Saudi Arabia, in alignment with the Kingdom’s strategic thrust into moving towards a knowledge-based economy. The organization aims to turn innovative ideas into successful projects, create and support sustainable SMEs, and develop entrepreneurs into successful business owners.

Wa’ed Ventures aims to fuel the growth of high potential companies, thereby promoting economic development in Saudi Arabia with job creation for Saudi nationals, technological improvement, knowledge transfer, economic diversification, and economic growth within the Kingdom. The firm focuses on seed, early, and growth-stage businesses across a diverse range of sectors including information and communication technology (ICT), energy, manufacturing, healthcare, and services – from mobile application platforms and technologies to industrial equipment manufacturing to advanced software solutions.

Investments

Number of Investments
Number of Lead Investments
5
4
Saudi Aramco Entrepreneurship Ventures has made 5 investments. Their most recent investment was on Jan 24, 2023, when PASQAL raised €100M.
Date Company Name
Round Money Raised Industry Lead Investor
Jan 24, 2023 PASQAL
Series B €100M Computer
Dec 28, 2022 MANAFA Capital
Series A $28M Crowdfunding Yes
Jun 30, 2021 ir4lab
Seed $1.50M Blockchain Yes
Dec 1, 2017 WalaPlus
Seed $600K Human Resources Yes
Jan 1, 2017 PayTabs
Series B $5.33M E-Commerce Yes