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SABIC, VC Fund

SABIC

VC Fund

Riyadh, Saudi Arabia

SABIC (Saudi Basic Industries Corporation) is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest public company in Saudi Arabia, as listed in Tadawul, but the Saudi government still owns 70% of its shares. SABIC is also the largest company in the Middle East.Private shareholders are from Saudi Arabia and other countries of the six-nation Gulf Cooperation Council (GCC).SABIC is currently the second largest global ethylene glycol producer and is expected to top the list after the introduction of new projects. SABIC is the third largest polyethylene manufacturer, the fourth largest polyolefins manufacturer, and the fourth largest polypropylene manufacturer. SABIC is also the world’s largest producer of mono-ethylene glycol, MTBE, granular urea, polycarbonate, polyphenylene and polyether imide.In 2008, SABIC was ranked fourth in the world by Fortune Global 500. By 2009, SABIC also improved its position to become the world’s 186th largest corporation. In 2010, SABIC grew to be the second largest diversified chemical company, or first when measured only by asset value. Measured over all its branches, it became (as of 2014) the world's 94th largest corporation on the Forbes Global 2000 ranking, with sales revenues of $50.4 billion, profits of $6.6 billion and assets standing at $90.2 billion.

Total investments:
3
Last investment:
Lead investor:
33%

Last updated:

Industries SABIC invests in

EnergyAerospaceManufacturingSemiconductorRenewable Energy

Stages SABIC invests in

Series BSeries C

Countries SABIC invests in

United StatesThe Netherlands

Contacts

NameEmailPhoneSocials
Ian Freelance Ian Freelance
Alex Delaney Alex Delaney
Ashok Sridhar Ashok Sridhar
Dhaval Shah Dhaval Shah

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Investment Focus

Industry

  • Energy 2 (67%)
  • Aerospace 1 (33%)
  • Manufacturing 1 (33%)
  • Semiconductor 1 (33%)
  • Renewable Energy 1 (33%)
See all 9 industries →

Stage

  • Series B 2 (67%)
  • Series C 1 (33%)

Country

  • United States 1 (33%)
  • The Netherlands 1 (33%)

Team

NameTitleInvestmentsLinksEmail
Aruna Subramanian
Aruna Subramanian Managing Director
Managing Director Total investments: 2
Find email
Ian Freelance
Ian Freelance Senior Investment Manager
Senior Investment Manager Total investments: 0
Find email
Alex Delaney
Alex Delaney Application and Process Engineer, Large Format Additive Manufacturing
Application and Process Engineer, Large Format Additive Manufacturing Total investments: 0 Find email
Ashok Sridhar
Ashok Sridhar Senior Scientist, Consumer Electronics, T&I
Senior Scientist, Consumer Electronics, T&I Total investments: 0 Find email
Dhaval Shah
Dhaval Shah General Manager, Corporate Technology & Innovation
General Manager, Corporate Technology & Innovation Total investments: 1
Find email
See all 11 team members →

Investments

CompanyDescriptionRoundLinks
Rondo Energy Rondo Energy
Rondo Energy delivers zero-carbon industrial heat. Rondo Heat Battery powers industrial processes with renewable electricity, cutting energy costs and eliminating emissions. $60M / Series B / Aug 16, 2023
Airborne Technology Airborne Technology
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing.The company was founded in 1995 and is based in The Hague, the Netherlands. $4.9M / Series C / Mar 05, 2017
MTPV MTPV
MTPV Power Corporation is a clean energy company that focuses on innovations in Micron-gap ThermalPhotoVoltaics technology (MTPV). MTPV technology began development at MIT and Draper Laboratory before moving to the labs of MTPV Power Corporation. It was founded in 2003 and headquartered in Austin, Texas. $11.2M / Series B / Jul 15, 2014

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FAQ

What does SABIC invest in?

SABIC invests primarily in Energy, Aerospace and Manufacturing startups, most often at Series B and Series C stage. Most of the 3 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

How do I contact SABIC?

Public channels for SABIC include X (Twitter), the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

Who are the partners at SABIC?

The team at SABIC includes Aruna Subramanian (Managing Director), Ian Freelance (Senior Investment Manager) and Alex Delaney (Application and Process Engineer, Large Format Additive Manufacturing), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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