Wa’ed Ventures: Empowering an Entrepreneurial Ecosystem in Saudi Arabia
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.
Being one of the earliest players