Aramco Ventures | Activity

Press

CEO Mahdi Aladel discussed Aramco Ventures' $7.5B AUM strategy, focus on AI, deep tech and sustainability, and global team expansion to Paris and India.

Forbes: How Aramco Ventures Is Pumping $7.5 Billion Into Strategic Tech

Aramco Ventures

forbes.comAPR 2026

APR 2026

Investment

Co-led Arkestro's $36M strategic investment round alongside Altira Group for AI-powered predictive procurement platform.

Arkestro

Arkestro Aramco Ventures

aramcoventures.comMAY 2025

MAY 2025

Investment

Joined Ucaneo's seed funding round to build Germany's largest direct air capture facility.

Ucaneo

Ucaneo Aramco Ventures

aramcoventures.comMAR 2025

MAR 2025

Investment

Made strategic investment in HydoTech, a company reducing power consumption and lowering the cost of green hydrogen.

HydoTech

HydoTech Aramco Ventures

aramcoventures.comFEB 2025

FEB 2025

Investment

Participated in Promethean Particles' £8M Series A for advanced metal-organic framework (MOF) manufacturing scale-up.

Promethean Particles

Promethean Particles Aramco Ventures

aramcoventures.comAUG 2024

AUG 2024

Investment

Led a capital raise for Xpansiv, the leading carbon credit marketplace and environmental commodities exchange.

Xpansiv

Xpansiv Aramco Ventures

aramcoventures.comMAY 2024

MAY 2024

New Fund

Aramco allocated an additional $4B to Aramco Ventures, more than doubling total investment capacity from $3B to $7B (2024–2027), bringing overall VC allocation including Wa'ed Ventures to $7.5B.

Aramco Ventures $4B capital injection

Aramco Ventures

aramcoventures.comJAN 2024

JAN 2024

News

Portfolio company Dragos signed an MOU with Aramco for protection of industrial infrastructure in Saudi Arabia.

Dragos MOU for Saudi Arabia industrial infrastructure protection

Aramco Ventures

aramcoventures.comNOV 2023

NOV 2023

Milestone

Portfolio company NuMat Technologies announced construction of the world's first industrial-scale MOF manufacturing campus.

NuMat Technologies

NuMat TechnologiesAramco Ventures

aramcoventures.comNOV 2023

NOV 2023

Investment

Led REDEX Group's $10M Series A; REDEX develops dry scrubbers for marine emission control.

REDEX Group

REDEX Group Aramco Ventures

aramcoventures.comOCT 2023

OCT 2023

Aramco Ventures Activity

CEO Mahdi Aladel discussed Aramco Ventures' $7.5B AUM strategy, focus on AI, deep tech and sustainability, and global team expansion to Paris and India.

Co-led Arkestro's $36M strategic investment round alongside Altira Group for AI-powered predictive procurement platform.

Joined Ucaneo's seed funding round to build Germany's largest direct air capture facility.

Made strategic investment in HydoTech, a company reducing power consumption and lowering the cost of green hydrogen.

Participated in Promethean Particles' £8M Series A for advanced metal-organic framework (MOF) manufacturing scale-up.

Led a capital raise for Xpansiv, the leading carbon credit marketplace and environmental commodities exchange.

Aramco allocated an additional $4B to Aramco Ventures, more than doubling total investment capacity from $3B to $7B (2024–2027), bringing overall VC allocation including Wa'ed Ventures to $7.5B.

Portfolio company Dragos signed an MOU with Aramco for protection of industrial infrastructure in Saudi Arabia.

Portfolio company NuMat Technologies announced construction of the world's first industrial-scale MOF manufacturing campus.

Led REDEX Group's $10M Series A; REDEX develops dry scrubbers for marine emission control.