Investor Profile: Aramco Ventures — Thesis, Cheque Size & How to Apply

If you are building in decarbonisation, industrial AI or breakthrough energy tech, here is how to get funding from Aramco Ventures. The corporate venture arm of Saudi Aramco commands over $7 billion in allocated capital (part of Aramco's $7.5 billion total VC allocation including the $500 million Wa'ed Ventures) — making it one of the world's largest corporate VCs. Aramco Ventures funding backs long-horizon, thesis-driven bets, and it has now entered India.

Thesis and sweet spot

The firm invests through three funds: a Digital/Industrial Fund for technologies strategically relevant to Aramco's operations, the Prosperity7 program for disruptive technologies beyond energy, and a Sustainability Fund supporting Aramco's net-zero-by-2050 ambition. Focus areas span operational decarbonisation, lower-carbon fuels, industrial AI, quantum computing and digital transformation. It has invested in 90 companies over 13 years, with offices in Dhahran, Palo Alto, Beijing, Shanghai, Bengaluru and Paris.

Cheque size and fund

With $7 billion allocated, cheque sizes run large — Series A entries average around $20 million and Series B around $30 million, per deal data. This is growth-stage, strategic capital, not seed money.

The $4 billion capital injection in November 2025 — taking allocated capital past $7 billion — was one of the largest single CVC commitments of the year, signalling Aramco’s intent to lead globally in energy-transition investing.

Notable portfolio

Portfolio companies include Pasqal (quantum computing), Prophesee (neuromorphic vision), Amogy (ammonia-to-power) and Carbon Clean (modular carbon capture), with unicorns Xpansiv, Upside and Dragos in the portfolio. In India, Aramco Ventures led Mitti Labs' $9.5 million Series A in August 2026 — its first investment in India.

Partners

Aramco Ventures is chaired by Ahmad O. Al Khowaiter (Aramco Executive Vice President, Technology & Innovation); Zayed AlAmri serves as Executive Managing Director.

Programs, credits and perks

Beyond capital, portfolio companies get a path to deployment inside one of the world's largest industrial operators — pilots, technical validation and global scale that few CVCs can match.

How to apply for funding

There is no public application form; founders engage through aramcoventures.com. The bar is strategic relevance to decarbonisation, energy or industrial digitalisation — and with a Bengaluru office and a first India deal done, Indian deep-tech founders now have a direct line in.