#Wa’ed Ventures

AI driven software solutions

Saudi tech startup Elevatus raises $10.5m in Series A funding round

The funding round was co-led by venture capital firm Global Ventures and Wa’ed Ventures, the venture capital arm of Aramco

OQ Technology

Spacetech startup OQ Technology raises EUR13m in Series A funding round

The funding round was led by Wa’ed Ventures, the venture capital arm of Aramco, and Phaistos Investment Fund, managed by 5G Ventures in Greece

Agtech Red Sea farms

Agtech Red Sea Farms completes $18.5m fund raise

The agtech company will use the funds for its global and regional expansion plans, including the expansion of its fresh produce business in the GCC

Wa’ed Ventures and Maydan Capital to fund ‘ethical’ fintechs in Saudi

The two companies will coordinate and collaborate on finding, backing and mentoring founders as they launch and grow their ethically-focused startups