Home » Saudi Venture Capital


 Saudi Venture Capital

Below is the latest news and analysis about recent activities of Saudi Venture Capital. For a full list of Saudi Venture Capital you can check the Middle East Investors Directory which has been published since 2007 and contains listing and email addresses of Saudi Venture Capital as well as other investor from the region.



 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.



Filed under Saudi Venture Capital

 Saudi venture capital firm SAEV invested $50 million in US firms Seeq

Saudi Aramco Energy Ventures, the corporate venture capital arm of Saudi Aramco and a consortium, has acquired stake in Seeq, US-based provider of software and services for industrial data, for $50 million.

Established in 2012 and based in Seattle, Seeq provides software and services that convert industrial data into information and has raised $115 million so far. (SAEV invest globally into start-up and high growth companies and has so far invested publicly in 45 companies. Based out of Dhahran, SAEV also operates through regional offices in North America and Europe)

Saudi Aramco Energy Ventures is listed in the Middle East Investors Directory with the code SINOC23 .




 Saudi venture capital firm RVC participated in $21 million investment in UK firm

rvc ukSaudi Venture Capital firm Riyadh Valley Company (RVC) and a consortium invested $21 million in UK biotechnology company Prokarium

Prokarium is headquartered in London and is a clinical-stage biopharmaceutical company focused on developing microbial cancer immunotherapies. Riyadh Valley Company (RVC) is the investment arm of King Saud University in Riyadh, Saudi Arabia. It has invested in several firms including GLM Company, Calltech Co, SOLEXEL, Advanced Dental Technologies, Aser Technologies and Knowledge Developers. Khalid Al-Saleh is the director appointed by RVC at Prokarium.

Riyadh Valley Company (RVC) is listed in the Middle East Investors Directory with the code SIJ54.




 Saudi Arabian firm acquired Ukrainian farming company Mriya

salic-uaSalic, Saudi Arabian agriculture investment firm, has announced acquiring a Ukrainian farming company Mriya Agro Holding.

Established in 1992, Mriya Agro Holding is one of the largest agro-industrial companies in Ukraine and cultivates approximately 165,000 hectares of land in different regions. Founded in 2009, SALIC, Saudi Agricultural and Livestock Investment Co, invests in agricultural and livestock production in countries all over the world. DubaiBeat reported back in 2015 their investment at Canadian Wheat Board for $203 million.

To see a list of investment firms from Saudi Arabia, check our Middle East Investors Directory



Filed under Saudi Venture Capital

 Saudi investors of PIF to invest $1 billion in US car maker Lucid

pif-lucidThe Public Investment Fund (PIF) an investment fund owned by Saudi Arabia, has announced commitment to invest $1 billion in Lucid, an electric car maker.

Founded in 2007, Lucid Motors is an American automotive company specializing in electric cars. It is based in Newark, California with 1300 employees. (Founded in 1971, PIF is a sovereign wealth fund owned by Saudi Arabia, founded for the purpose of investing funds on behalf of the Government of Saudi Arabia. The PIF has a portfolio made up of approximately 200 investments in the fields of telecoms, aerospace, energy, green technologies, and security. DubaiBeat previously reported their $3.5 billion investment in Uber here).

To see a list and email addresses of investment firms similar to PIF check the Middle East Investors Directory.




 Saudi Aramco Energy Ventures invests in California FogHorn Systems

foghorn-aramco.jpgSaudi Aramco Energy Ventures, the corporate venturing subsidiary of the Saudi Arabian Oil Company and a consortium acquired stake in California-based FogHorn Systems in an investment offering totaling $15 million.

FogHorn Systems is a privately held company founded in 2014 by Mohan Reddy, T.M. Ravi and Kamesh Raghavendra. The company is a leading developer of "edge intelligence" software for industrial and commercial IoT applications. (Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, the world's leading integrated energy and chemicals company. They invest globally into early-stage and high growth companies that have strategic importance to its parent, Saudi Aramco.)

Saudi Aramco Energy Ventures is listed in the Middle East Investors Directory with the code SINOC23.

More details follow:




 Saudi investment firm and a consortium acquired stake in San Francisco blockchain firm

inetloyyal.jpgSaudi investment firm Integrated Networks and a consortium of Middle East investors have acquired stake in Loyyal, a US-based blockchain loyalty and rewards platform, in a series A round which included other Middle Eastern investors as well.

Using blockchain and smart contract technology, Loyyal has built a loyalty and rewards platform to offer multiple industries ways to both improve profitability and engage customers. Established in 2001, iNet is founded by a group of Saudi investors and invests in payments and financial technologies fintech, information and communication technologies, and other strategic global investments. Other investors in this round include UAE Exchange and Hayaat Group.

Integrated Networks iNet is listed in the Middle East Investors Directory with the code SAU29.

More details follows




 Saudi investment firm SAEV acquired stake in Irish firm OxyMem

oxymem-saudi.jpgSaudi investment firm SAEV, the corporate venturing subsidiary of Saudi Aramco, has acquired stake in Oxymem, a wastewater treatment firm based in Ireland.

Oxymem solves energy intensive wastewater treatment with a specific solution. Among Oxymem other investors you can also find the Dow Chemical company. (Saudi Aramco Energy Ventures invest globally into early-stage and high growth companies with technologies of strategic importance in oil and gas, petrochemicals, renewables, energy efficiency and water sectors.)

Saudi Aramco Energy Ventures SAEV is listed in the Middle East Investors Directory with the code SJL71.

More details follows:



More from Saudi Venture Capital ...


  Saudi investors of PIF acquired stake at US firm Uber for $3.5 billion

  Saudi venture capital firm RVC led investment of $17 million in Swedish firm

  Saudi venture capital firm SAEV invested $10 and $25 million in two US firms

  UAE and Saudi investors acquired $3 million stake in financial website compareit4me

  Saudi firm and partners acquired stake at Canadian Wheat Board for $203 million




|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.


|| Subscribe















Copyright 2007-2021 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter