HomeSaudi ArabiaAramco Expands Global Venture Capital Program With $4 Billion

Aramco Expands Global Venture Capital Program With $4 Billion

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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.

Read more on VCWire.tech, our new website dedicated to the tech venture capital industry.

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17/01/2024

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