Wa'ed Ventures is a $500 million venture capital fund backed by Aramco, focused on investing in tech-based startups globally, with a strategic emphasis on developing Saudi Arabia's local startup ecosystem. Their strategy involves bridging financing gaps for seed to growth-stage startups, supporting underserved tech domains like sustainability and deep tech, and localizing pioneering global innovations within the Saudi Arabian market.
36% of their portfolio is in Construction. Average disclosed round size is $36.2M (across 10 rounds with reported amounts).
Portfolio
11
Fund Size
$500M
Top Stage
Series B
Last 12 Mo
1
Team
TA
Talal Alasmari
Founding Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| LLucidya | Series B | $30M | Jul 2025 |
| TTenderd | Series A | $30M | Jun 2024 |
 Mighty Buildings | Series C | $52M | Sep 2023 |
 Pasqal | Growth | $108M | Jan 2023 |
 Terra Drone | Series C | $14M | Jan 2023 |
 Wahed Inc. | Series B | $50M | Jun 2022 |
| Wahed Inc. | Series B | $25M | Jun 2020 |
 Stake | Series A | $14M | — |
 Wahed Invest | Series B | $25M | — |
| SSaudi Internet Health Application Technology Company (Sihatech) | Unknown | — | — |
| Terra Drone | Series A | $14M | — |
Top Co-Investors
Dubai Cultiv83 shared
Rasameel3 shared
BECO Capital2 shared
Cue Ball Capital2 shared
Middle East Venture Partners1 shared
Republic1 shared
SparkLabs1 shared
Temasek Holdings1 shared
Bpifrance1 shared
Quantonation1 shared
Defense Innovation Fund1 shared
Daphni1 shared
Eni Next1 shared
Cueball Capital1 shared
Khosla Ventures1 shared
Bold Capital Partners1 shared
A.P. Moller Holding1 shared
Quadri Ventures1 shared
Soma Capital1 shared
Last updated: 13 March 2026