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Saudi Aramco Energy Ventures

Asia, Ash Sharqiyah, Saudi Arabia, Dhahran

Description

Saudi Aramco Energy Ventures (SAEV) is the dedicated corporate venture capital arm of Saudi Aramco, the world's largest integrated energy and chemicals company. Established in 2012, SAEV's core mission is to invest in innovative technologies and disruptive startups that offer strategic value and competitive advantage to Aramco's vast global operations. This includes supporting the company's efforts in energy transition, operational efficiency, sustainability, and the development of new energy solutions. SAEV acts as a bridge between the startup ecosystem and Aramco's industrial scale, aiming to accelerate the deployment of cutting-edge solutions within the energy sector.

SAEV's investment strategy is globally focused, targeting companies across various stages, from early-stage ventures to more mature growth-stage businesses. Their portfolio spans a wide array of critical areas, including advanced materials, digital transformation, artificial intelligence, robotics, cybersecurity, renewable energy, carbon capture, and water technologies. The firm seeks out technologies that can enhance Aramco's upstream and downstream capabilities, improve environmental performance, and contribute to the diversification of energy sources. Through its investments, SAEV not only provides capital but also offers portfolio companies access to Aramco's extensive technical expertise, infrastructure, and market reach, fostering a collaborative environment for technological advancement.

Since its inception, SAEV has built a robust portfolio, having invested in over 50 companies worldwide. The typical initial check size for SAEV investments generally ranges from $5 million to $20 million, reflecting their commitment to significant, impactful stakes in promising ventures. This strategic investment approach underscores Saudi Aramco's long-term vision to remain at the forefront of energy innovation and sustainability, leveraging external technological advancements to drive internal transformation and address global energy challenges. SAEV plays a crucial role in identifying and nurturing the next generation of technologies that will shape the future of the energy industry.

Investor Profile

Saudi Aramco Energy Ventures has backed more than 50 startups, with 2 new investments in the last 12 months alone. The firm has led 20 rounds, about 40% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series D rounds (top funding stages).
  • Majority of deals are located in United States, Switzerland, United Kingdom.
  • Strong thematic focus on Manufacturing, Software, Energy.
  • Typical check size: $5M – $20M.

Stage Focus

  • Series B (26%)
  • Series C (26%)
  • Series D (14%)
  • Series A (14%)
  • Series Unknown (12%)
  • Private Equity (2%)
  • Seed (2%)
  • Series E (2%)
  • Corporate Round (2%)

Country Focus

  • United States (68%)
  • Switzerland (8%)
  • United Kingdom (8%)
  • Germany (8%)
  • Norway (4%)
  • The Netherlands (2%)
  • China (2%)

Industry Focus

  • Manufacturing
  • Software
  • Energy
  • Information Technology
  • Industrial
  • Internet Of Things
  • Oil And Gas
  • Chemical
  • Enterprise Software
  • Analytics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Saudi Aramco Energy Ventures frequently co-invest with?

SLB
North America, Texas, United States, Houston
Co-Investments: 5
Second Avenue Partners
North America, Washington, United States, Seattle
Co-Investments: 3
Razor's Edge Ventures
North America, Virginia, United States, Reston
Co-Investments: 3
March Capital
North America, California, United States, Santa Monica
Co-Investments: 4
GE Ventures
North America, California, United States, Menlo Park
Co-Investments: 5
Chevron Technology Ventures
North America, Texas, United States, Houston
Co-Investments: 9
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 3
Shell Ventures
Europe, Zuid-Holland, The Netherlands, Rijswijk
Co-Investments: 5
Altira Group
North America, Colorado, United States, Denver
Co-Investments: 3
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 4

Which angels does Saudi Aramco Energy Ventures often collaborate with?

GC
Europe, Jersey
Shared Deals: 1

What are some of recent deals done by Saudi Aramco Energy Ventures?

Hydrogen Mem-Tech

Trondheim, Sor-Trondelag, Norway

Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.

Carbon CaptureRenewable Energy
Series UnknownOct 22, 2024
Seeq

Seattle, Washington, United States

Seeq is a software company that accelerates industrial process analytics for process manufacturing data.

AnalyticsCommercialIndustrialInternet of ThingsSoftware
Series DAug 6, 2024
Amount Raised: $50,000,000
Xage Security

Palo Alto, California, United States

Xage is a global leader in zero trust access and protection

BlockchainCyber SecurityIdentity ManagementInformation TechnologyInternet of ThingsNetwork SecuritySecuritySoftware
Series BNov 2, 2023
Amount Raised: $60,150,000
ANYbotics

Zürich, Zurich, Switzerland

ANYbotics is a robotics company that specializes in the development of advanced legged robots for industrial inspection.

Industrial AutomationManufacturingRobotics
Series BMay 16, 2023
Amount Raised: $55,780,288
Noon Energy

Palo Alto, California, United States

Noon Energy develops a flow battery technology that enables economical long-duration energy storage.

BatteryEnergyRenewable Energy
Series ADec 14, 2022
Amount Raised: $28,000,000
Syzygy Plasmonics

Houston, Texas, United States

Syzygy Plasmonics is a developer of a photocatalytic reactor designed for fuel cell vehicles and small-scale industrial applications.

Chemical
Series CNov 16, 2022
Amount Raised: $76,000,000
Grand perspective

Berlin, Berlin, Germany

Grand perspective provides early warning solution for hazardous gases that covers complete industrial sites.

Public Safety
Series AOct 17, 2022
Amount Raised: $6,890,693
Data Gumbo

Houston, Texas, United States

Data Gumbo is an industrial smart contract platform for energy, mining, and construction industries.

BlockchainIndustrial AutomationInformation TechnologyOil and GasSmart ContractsSoftware
Series CAug 10, 2022
Amount Raised: $4,000,000
Clarke Valve

North Kingstown, Rhode Island, United States

Clarke Valve is a developer of energy-saving shutter valves designed to work in a variety of industrial and aerospace applications.

AerospaceElectronicsEnergyIndustrialManufacturing
Series DJul 26, 2022
Amount Raised: $5,000,000
Jaka Robot

Shanghai, Shanghai, China

Jaka Robot is a Shanghai-based industrial robot developer company.

IndustrialRobotics
Series DJul 20, 2022
Amount Raised: $150,000,000