# SABIC

> SABIC is a VC fund in Riyadh backing Energy, Aerospace and Manufacturing. See 3 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Riyadh, Saudi Arabia
- Total investments: 3
- Last investment: Aug 2023
- Lead investor: 33%
- Last updated: Aug 2026
- X (Twitter): https://www.twitter.com/sabic
- Website: http://www.sabic.com
- Facebook: https://www.facebook.com/sabiccorp

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.

## Contacts

5 contacts available for SABIC. Shizune tracks 11 team members at SABIC. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/sabic?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 2 | 67% |
| Aerospace | 1 | 33% |
| Manufacturing | 1 | 33% |
| Semiconductor | 1 | 33% |
| Renewable Energy | 1 | 33% |

9 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 2 | 67% |
| Series C | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 1 | 33% |
| The Netherlands | 1 | 33% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Aruna Subramanian | Managing Director | 2 | https://shizune.co/investors/profile/aruna-subramanian |
| Ian Freelance | Senior Investment Manager | 0 | https://shizune.co/investors/profile/ian-freelance |
| Alex Delaney | Application and Process Engineer, Large Format Additive Manufacturing | 0 | https://shizune.co/investors/profile/alex-delaney |
| Ashok Sridhar | Senior Scientist, Consumer Electronics, T&I | 0 | https://shizune.co/investors/profile/ashok-sridhar |
| Dhaval Shah | General Manager, Corporate Technology & Innovation | 1 | https://shizune.co/investors/profile/dhaval-shah-3a7b |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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 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 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 |  |

3 of 3 investments shown.

## Co-investors
- [Aramco Ventures](https://shizune.co/investors/profile/aramco-ventures) — VC Fund, 1 deal together
- [Breakthrough Energy Ventures](https://shizune.co/investors/profile/breakthrough-energy-ventures) — VC Fund, 1 deal together
- [Energy Impact Partners](https://shizune.co/investors/profile/energy-impact-partners) — VC Fund, 1 deal together
- [InnovationQuarter](https://shizune.co/investors/profile/innovation-quarter) — VC Fund, 1 deal together
- [Microsoft Climate Innovation Fund](https://shizune.co/investors/profile/microsoft-climate-innovation-fund) — VC Fund, 1 deal together
- [Northwater Capital](https://shizune.co/investors/profile/northwater-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co