Wa’ed
Wa’ed is Saudi Aramco's entrepreneurship center, providing funding, incubation, and mentorship for startups in Saudi Arabia.
Sector Focus
Preferred Investment Stage
Seed Series A
Fund Type
Gov or Gov-Backed Program
Avg. Ticket Size Range
$100K-$5M
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.
Website
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