Aramco's venture capital boost local entrepreneurial ecosystem, units

By backing startups, from hydrogen innovators to quantum computing pioneers, Aramco is fuelling energy transition, reinforcing its role as an international investor and a local innovation catalyst

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ARAMCO'S venture arms have become powerful engines of innovation, simultaneously funding cutting-edge technologies worldwide and supporting a new generation of Saudi entrepreneurs.

With billions allocated to global ventures and hundreds of millions reserved for local startups, Aramco Ventures and Wa'ed Ventures are reshaping the energy transition and strengthening Saudi Arabia's innovation ecosystem.

Aramco Ventures manages three dedicated funds: a $500 million Digital/Industrial fund, a $500 million Prosperity7 fund, and a $1.5 billion Energy Transition fund.

Together, they are enabling the company to capture opportunities across digitalisation, advanced industrial solutions and clean energy technologies.

Wa'ed Ventures, meanwhile, operates with $500 million in capital and has funded more than 50 companies since its founding in 2013, often serving as the first backer for Saudi-based startups with global potential.

INVESTING IN TRANSFORMATIVE TECHNOLOGIES

Aramco Ventures has consistently targeted businesses developing solutions that can reduce emissions, improve efficiency and expand technological frontiers.

Past investments include Amogy, a US-based ammonia-to-power pioneer that is advancing zero-emission shipping; Pasqal, a quantum computing leader that installed Saudi Arabia's first quantum computer; and Carbon Clean, which develops modular carbon capture units.

Wa'ed Ventures has played a different yet complementary role by helping build Saudi Arabia's innovation ecosystem.