Organization · Government VC
Wa'ed Ventures
Wa'ed Ventures is a $500 million venture capital fund based in Dhahran, Saudi Arabia, focused on investing in tech-based startups that support local innovation and sustainability. It operates under Saudi Aramco and aims to localize global technologies in the Kingdom.
Overview
What Wa'ed Ventures does
What Wa'ed Ventures is
Wa'ed Ventures is a $500 million venture capital fund based in Dhahran, Saudi Arabia, focused on investing in tech-based startups that support local innovation and sustainability. It operates under Saudi Aramco and aims to localize global technologies in the Kingdom.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Government VC
- Founded
- Founded in 2020
- Approximate age
- About 6 years
- Structured capabilities
- Funder
- Last reviewed
- May 5, 2026
Official channels
Find Wa'ed Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
Wa'ed Ventures as a funder
Investment thesis
Wa'ed Ventures aims to accelerate the Saudi innovation cycle by investing in tech-based startups, globalizing home-grown technologies, and localizing global frontier technologies within the Kingdom.
Focus narrative
Wa'ed Ventures invests in various sectors including manufacturing, sustainability, agriculture, digitalization, and social innovation. The organization participates in funding rounds for companies at different stages, with a particular emphasis on technologies that promote sustainability and efficiency. Their investment thesis includes supporting companies that leverage innovative materials, robotics, and artificial intelligence to address global challenges.
Value beyond capital
Wa'ed Ventures adds value to its portfolio companies by providing access to Aramco's extensive network, resources, and expertise in various sectors. The fund supports companies in scaling their operations within Saudi Arabia and facilitates localization of technologies, enhancing their market presence and operational efficiency.
Terms and economics
- Typical check
- $1,000,000–$20,000,000
Focus and fit
- Stages
- Seed · Series A · Series B · Growth Equity
- Regions
- Mena · Global
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 75
Portfolio context
Rebellions: A South Korean AI chipmaker specializing in AI inference accelerators that offer energy-efficient and low-latency performance. Mighty Buildings: A company that utilizes innovative material science and 3D printing to create carbon-neutral housing solutions. Red Sea Farms: Focused on sustainable agriculture technologies, this company aims to reduce the carbon and water footprint of food production in harsh environments. Alteia: Provides visual intelligence products that help enterprises accelerate their digital transformation through AI-driven analysis of real-world data. Manafa: A platform that bridges financing gaps for SMEs by connecting them with local retail and institutional investors, offering tailored financial products.
Common questions
What to know about Wa'ed Ventures
Upseed classifies Wa'ed Ventures under the Government VC organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 5, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.