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Status
ACTIVE
Global HQ
Dhahran, Saudi Arabia
Countries of investment
  • United States
  • China
  • United Kingdom
  • Saudi Arabia
  • Canada
  • Germany
Investment stages
  • Seed
  • Series A
  • Series B
  • Series C
  • Growth
Industries
  • Climate Tech
  • Sustainability
  • Deep Tech
  • Enterprise Software
About
Aramco Ventures is the corporate venture capital subsidiary of Aramco, a world-leading integrated energy and chemicals company. Its mission is to invest in and partner with pioneering technology companies that can create significant value for Aramco and the broader energy industry. The firm operates globally, backing startups with the potential to shape the future of energy and sustainability.
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$5M
Max check size
$50M
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NPS

Investment Thesis

Aramco Ventures is the corporate venturing arm of Aramco, investing globally from seed to growth stage in technologies of strategic importance to the energy and chemicals sectors. Through its Digital/Industrial and Sustainability funds, it targets areas like AI, IoT, advanced materials, carbon capture, hydrogen, and energy efficiency. The firm provides its portfolio companies with unique access to Aramco's global network, expertise, and resources, aiming to create value for both the startups and its parent company's strategic objectives, including its net-zero 2050 ambition.
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Co Invest
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Manager's Experience

The leadership team combines deep corporate experience from Aramco with seasoned venture capital expertise. Key figures like Mahdi Aladel bring over 20 years of industry-specific knowledge from Aramco, while others like Bruce Niven have over 25 years of traditional VC experience, including roles at Intel Capital. This blend of corporate and financial VC backgrounds supports their investment thesis across energy, industrial, and deep tech sectors.

Aramco Ventures Contacts Information

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Secondary contact

Team

Mahdi Aladel - Chief Executive Officer

Bruce Niven - Executive Managing Director

Cory Steffek - Managing Director

North America

George Coyle - Managing Director

Europe

An Hong - Managing Director

China

Daniel Carter - Senior Investment Director

Mark Cupta - Senior Investment Director

Portfolio

Seeq

Data Gumbo

Xage Security

Desktop Metal

Formic

Arris

Sila

E-Zinc

Novomer

Nanotech

Ioxus

9T Labs

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