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|| Saudi venture capital firm Prosperity7 invested $25 million in US firm Wasabi

Prosperity7 Ventures, the growth fund of Saudi Aramco Ventures, has led a $25 million investment in Wasabi, a Boston-based cloud storage company.

With nearly $275 million in funding to date, Wasabi has reported 3x year-over-year growth, reaching 23,000 customers worldwide and over 5,000 Channel Partners and 350 Technology Alliance Partners. (Prosperity7 is the diversified growth fund of Aramco Ventures, a subsidiary of Aramco, the Saudi energy and chemicals company, with $1 billion venture capital fund and a global investment strategy in all sectors)

Prosperity7 Ventures is listed in the Middle East Investors Directory with the code BJ96.

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