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Wa’ed Ventures: Empowering an Entrepreneurial Ecosystem in Saudi Arabia

Wa’ed Ventures: Empowering an Entrepreneurial Ecosystem in Saudi Arabia

By Erika Masako Welch 16 March 2023
Wa’ed Ventures: Empowering an Entrepreneurial Ecosystem in Saudi Arabia
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Closing 2022 with a cumulative total of 63 deals inked since establishing in 2011, and a portfolio of 43 Saudi-centric portfolio companies, Wa’ed Ventures, the venture capital arm of Aramco, has cemented its position as the most active investor for Saudi startups, providing crucial funding and support to the Kingdom’s emerging tech scene.

Wa’ed Ventures is a $500 million venture fund investing in the next generation of transformative startups which are taking advantage of disruptive technologies. The firm seeks to partner with passionate entrepreneurs disrupting traditional industries through revolutionary ideas. Today, it is one of the most active investors in the region, with $100+ million deployed in 2022 alone.

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Wa'ed Ventures

Wa'ed Ventures

Backed by Aramco, WAED Ventures is a $500 million venture capital fund with the aim to accelerate the development of a full innovation ecosystem by: investing in tech-based startups, globalizing home-grown technologies, and stimulating the emergence of a sustainable startup economy.

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