Aramco Ventures
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.
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.
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.
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.
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