We are Wa'ed Ventures, backed by Aramco and focused on supporting Saudi Arabia's startup ecosystem through venture investing and related support. Multiple sources describe Wa'ed Ventures as a venture capital fund designed to invest in local, tech-based startups and help accelerate the development of an integrated startup ecosystem in the Kingdom.
Based in Dhahran, Saudi Arabia, Wa'ed Ventures has been described as a $500 million venture capital fund. In addition to funding, sources indicate that the organization works to provide founders with support and access to strategic resources, partnerships, and market intelligence tied to Aramco, with an investment focus spanning early stages (e.g., seed) through later rounds (as described up to Series C in one source).