Wa’ed

Last updated:
November 19, 2024
Wa’ed
Wa’ed is Saudi Aramco's entrepreneurship center, providing funding, incubation, and mentorship for startups in Saudi Arabia.
Preferred Investment Stage
Seed
Series A
Fund Type
Gov or Gov-Backed Program
Avg. Ticket Size Range
$100K-$5M
Varies depending on program
HQ Location
Dhahran, Saudi Arabia
Overview

Established in 2011 by Saudi Aramco, Wa’ed (Saudi Aramco Entrepreneurship Center) is a government-backed organization aimed at supporting and empowering Saudi entrepreneurs. Wa’ed offers a combination of loans, venture capital, and incubation services to early and growth-stage startups across various sectors in the Kingdom, helping drive innovation and economic diversification.

Portfolio Highlights
  • Sadeem: A provider of flood monitoring systems using IoT and data analytics.
  • Hazen.ai: A traffic safety company using AI technology to improve road safety in Saudi Arabia.