Aramco, a Saudi Arabia-based global integrated energy and chemicals company, allocated an additional $4 billion to its global venture capital arm, Aramco Ventures.
It will more than double the capital allotted to Aramco Ventures, increasing its total investment allocation from $3 billion to $7 billion. The new allocation will take Aramco’s overall venture capital allocation to $7.5bn, which also includes the $500m venture capital fund Wa’ed Ventures that focuses on the startup ecosystem in the Kingdom of Saudi Arabia.
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FinSMEs
17/01/2024