🦊/Investors

Wa'ed Ventures

Corporate VC

Dhahran · Seed–Series B · 7 people tracked

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David Phuunlockedknows Feras Al Safwan · together at PwC (overlapped)
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Investment thesis

Wa'ed Ventures is a $500 million venture capital fund backed by Aramco that invests in technology startups globally.

Stage
Seed–Series B
Check
$506K – $25M
HQ
Dhahran, SA
Instruments
Equity
Founded
2013
Last 12 months
2 investments
AUM
$500M
Tracked investments
12

Team · 7 people

from public directories
Mohammed Bakhsh· Investment Managerin

What they invest in

from 11 of 12 portfolio companies

AI & Machine Learning ×8SaaS ×5Enterprise Software ×3B2B Marketplaces ×2Data & Infrastructure ×2Developer Tools ×2Fintech ×2InsurTech ×2

HQs:Saudi Arabia×4United States×4United Arab Emirates×2United Kingdom×1

Investments · 12 tracked

founders shown can be your intro path

By year:2026 · 12025 · 42024 · 12023 · 12022 · 18 dated

Democrancedemocrance.com✓ verified

Democrance is a SaaS platform that lets insurers and insurance brokers digitize the insurance value chain and configure, launch, and service insurance products ranging from high-ticket to micro-insurance.

AI & Machine LearningFintechInsurTechSaaSDubai, AE

Michele Grosso(Founder, Chief Executive Officer and Board Member)inAlberto Pérez Domínguez(Founder)inAlberto Perez(Chief Operating Officer and Board Member)inDr Damian Dimmich(Chief Technology Officer)

Co-investorsGlobal Ventures1818 Venture CapitalCapria VenturesJabbar Internet Group

Thetopvoicesthetopvoices.comin✓ verified

Stake is a digital real estate investment platform that enables global property ownership by providing access to curated real estate funds and fractional ownership opportunities.

AI & Machine LearningB2B MarketplacesDeveloper ToolsFintechMedia & EntertainmentMobility & TransportationPropTechSaaSDubai, AE

Vytis Šliažas(CEO and co-founder)Manar Mahmassani(Co-Founder and Co-CEO)Rami Tabbara(Co-Founder and Co-CEO)

Co-investors359 Capital645 VenturesCarya Venture PartnersEmirates NBDHF0Superhero Capital+1 more

Twinn Healthtwinn.health✓ verified

Twinn Health provides preventive whole-body MRI infrastructure, offering AI-structured reporting and longitudinal health data for imaging providers and wellness clinics, plus expert MRI interpretation support for individuals.

AI & Machine LearningBiotechHealthtechLongevity

Wareed Alenainiin

Co-investors500 Global

aiXplainaixplain.comin𝕏Jul 2024 · $6.5M

Aixplain provides an enterprise platform for deploying adaptive agentic AI systems that organizations can understand, trust, and fully control.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSector AgnosticSan Jose, US

Hassan Sawaf(Founder & CEO)in

Co-investorsCalibrate VenturesPi CampusTransform Capital ManagementTransform VC

Autobiaauto.sain𝕏Jun 2023 · $2.5M

An automotive aftermarket B2B platform that connects retailers and workshops with suppliers, dealers, and wholesalers in the Middle East.

B2B MarketplacesLogistics & Supply ChainDhahran, SA

Co-investorsBrincSadu CapitalTechstars

Elevatuselevatus.ioin𝕏Sep 2022 · $10.5M

Elevatus offers an AI-powered hiring platform that automates candidate sourcing, evaluation, and hiring workflow for enterprises.

AI & Machine LearningEnterprise SoftwareHR TechSaaS

Co-investorsCapria VenturesCedar Mundi VenturesGlobal VenturesJasoor VenturesOTF Jasoor Ventures

Graphiantgraphiant.comin𝕏May 2025

Graphiant provides a software-based, unified network platform for connecting AI, cloud, SaaS, B2B, and branch environments.

Cloud ComputingData & InfrastructureEnterprise SoftwareSan Jose, US

Stefan Olofsson(Founder)in

Co-investorsHarpoon VenturesMVP VenturesTwo Bear CapitalIAG Capital PartnersSequoia Capital

Grintafygrintafy.comin𝕏

Grintafy is a mobile app for football players that lets users find and create games, connect with nearby players through in-app messaging, and pay game fees online or via in-app G coins.

ConsumerSocialSports TechJeddah, SA

Majdi Kamel Allulu(Founder and CEO)

Co-investorsAdaverse

Lucidyalucidya.comin𝕏Jul 2025 · $30M

Lucidya provides an AI-powered customer experience platform that monitors brand mentions, competitors, and keywords across channels, builds unified customer profiles by linking behavior, history, and sentiment, and consolidates DMs, emails, and comments into a single inbox.

AI & Machine LearningData & InfrastructureMarketing TechSaaS

Abdullah Asiri(Founder)inZuhair khayyat(Founder)in

Co-investors500 GlobalImpact46Rua Growth Fund

Stride Venturesstride-ventures.cominSep 2026

Start2 Group is a global innovation partner that supports startups through development and commercialization services, working with governments, investors, and corporations across North and South America, Europe, and Asia.

AI & Machine LearningDeep TechGovTechSector Agnostic

Co-investorsStart2 Group500 GlobalBECO Capital

Torodtorod.coin𝕏Feb 2025 · $11.3M

Torod is a Saudi logistics platform that helps stores and companies manage shipping operations through a unified dashboard connecting them with local and international courier partners.

AI & Machine LearningE-commerceInsurTechIoTLogistics & Supply ChainSaaSRiyadh, SA

Faisal Almaklas(Founder)in

Co-investorsTechstarsElmHALA VenturesImpact46

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Kure

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Wa'ed Ventures made?
Wa'ed Ventures has 12 tracked investments, including 5 dated in the last 24 months.
What stage does Wa'ed Ventures invest at?
Wa'ed Ventures invests at the Seed, Series A, Series B stages.
What is Wa'ed Ventures's typical check size?
Wa'ed Ventures typically writes checks of $506K – $25M.
What sectors does Wa'ed Ventures focus on?
Wa'ed Ventures focuses on Advanced Manufacturing, AI & Machine Learning, EdTech, Enterprise Software, Fintech, Hardware, Media & Entertainment, PropTech, Retail Tech, SaaS.
Where is Wa'ed Ventures located?
Wa'ed Ventures is headquartered in Dhahran, SA.

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