Wa’ed Ventures
Wa'ed Ventures is a leading venture capital firm based in Dhahran, Saudi Arabia, and wholly owned by Saudi Aramco. Established in 2013 and rebranded in 2023, it focuses on fostering innovation and economic diversification in alignment with Saudi Arabia's Vision 2030. The firm manages a $500 million fund and has invested approximately $270 million across a diverse portfolio of 75 to 93+ companies. Wa'ed Ventures aims to accelerate the development of a robust startup ecosystem in Saudi Arabia by investing in high-growth, technology-based local startups and encouraging global entrepreneurs to lo
Investing activity
Wa’ed Ventures appears in 1 AI deal tracked by the AI Lounge deals desk. The rounds are mostly Seed, with a median round size of $4M. The most recent is OCTA (Seed, $3.5M, Sep 2026).
Wa’ed Ventures most often invests alongside Middle East Venture Partners (MEVP), Middle East Venture Partners, Plug and Play and Sadu Capital, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Wa’ed Ventures
What AI companies has Wa’ed Ventures invested in?
Wa’ed Ventures's AI investments include OCTA. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Wa’ed Ventures based?
Wa’ed Ventures is based in Dhahran, Eastern Province, Saudi Arabia.
What stage does Wa’ed Ventures invest at?
In the rounds tracked on AI Lounge, Wa’ed Ventures has invested at Seed, with a median round of $4M.
Who does Wa’ed Ventures co-invest with?
Wa’ed Ventures's most frequent co-investors on AI Lounge are Middle East Venture Partners (MEVP) (1 deal), Middle East Venture Partners (1 deal), Plug and Play (1 deal), Sadu Capital (1 deal) and Sukna Ventures (1 deal).
How can founders reach Wa’ed Ventures?
Founders on AI Lounge can see Wa’ed Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Wa’ed Ventures to their Investor Pipeline to track the conversation.