Saudi Aramco Energy Ventures
VC Fund
Dhahran, Saudi Arabia
Saudi Aramco Energy Ventures is a VC fund in Dhahran focused on Energy and Oil and Gas. Saudi Aramco Energy Ventures is the corporate venture capital arm of Aramco Oil Company. It's mission is to invest globally into start-up and high growth companies with technologies of strategic importance to Saudi Aramco, and to accelerate their development and deployment in Saudi Aramco’s operations. Based out of Dhahran (Saudi Arabia),SAEV also operates through regional offices in North America and Europe. SAEV's Objectives are: - Enhance reserve identification, management and production - Increase energy production - Improve operational efficiency - Increase value in downstream processes - Optimize energy & water consumption in Saudi ArabiaSAEV's investment Focus Areas are: - Upstream Oil & Gas - Downstream & Petrochemicals - Sustainability - Digitalization and IR4.0 - New Drivers of Hydrocarbon Demand
- Total investments:
- 89
- Last investment:
- Lead investor:
- 48%
- Fund size:
- $500M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Saudi Aramco Energy Ventures invests in
Stages Saudi Aramco Energy Ventures invests in
Countries Saudi Aramco Energy Ventures invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 9 contacts → | |||
Round size
- Series B
- $4M–$50M
- Series C
- $4M–$110M
- Venture - Series Unknown
- $2.2M–$55M
Investment Focus
Industry
- Energy 18 (20%)
- Oil and Gas 13 (15%)
- Software 11 (12%)
- Manufacturing 11 (12%)
- Renewable Energy 8 (9%)
Stage
- Series B 16 (18%)
- Series C 14 (16%)
- Venture - Series Unknown 13 (15%)
- Series A 12 (13%)
- Funding Round 9 (10%)
Country
- United States 30 (34%)
- Norway 7 (8%)
- United Kingdom 7 (8%)
- Germany 3 (3%)
- Switzerland 3 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Arne Frøiland
Investment Director
|
Investment Director | Total investments: 0 | Find email | |
Bruce Niven
Chief Investment Officer
|
Chief Investment Officer | Total investments: 17 | Find email | |
Daniel Carter
Investment Director
|
Investment Director | Total investments: 9 | Find email | |
Hans Middelthon
Managing Director of SAEV Europe Venture Capital
|
Managing Director of SAEV Europe Venture Capital | Total investments: 2 | Find email | |
Jim Sledzik
Managing Director, North America
|
Managing Director, North America | Total investments: 12 | Find email | |
| See all 9 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture. | Oct 22, 2024 | ||
| Seeq is founded on the premise that companies need better solutions for quickly and easily deriving business insight from their industrial process data. It aims to provide software and services that convert industrial process data into information, enable discovery, increase collaboration, and ultimately drive better business decisions that lead toseamless execution, increased earnings, and continuous improvement.Seeq is an official partner of OSIsoft and recently sponsored its European and US user conferences, as well as US regional seminars. Seeq is also a sponsor of recent Emerson Exchange user conferences.Founded in 2012, the company is headquartered in Seattle, Washington, United States. | $50M / Series D / Aug 06, 2024 | ||
| Xage Security blocks cyberattacks, secures local and remote access, and protects all assets across the enterprise. | $60.2M / Series B / Nov 02, 2023 | ||
| Redex is a blockchain-enabled platform that monitors and confirms REC ownership transfers and retirement.Redex provides a comprehensive set of services for managing Renewable Energy Certificates. | $8M / Seed / Aug 30, 2023 | ||
| ANYbotics is a manufacturer of four-legged robots intended for a variety of industrial uses. The company enhances safety and productivity in industrial operations through autonomous mobile robots capable of navigating complex environments. It provides solutions for robot applications with the most advanced mobility and autonomy requirements inchallenging terrain.ANYbotics was founded in 2016 and is headquartered in Zürich, Switzerland. | $50M / Series B / May 16, 2023 | ||
Noon Energy
|
Noon Energy develops a flow battery technology that enables economical long-duration energy storage. The company's design will allow intermittent renewable electricity sources, such as solar and wind, to meet continual demand. Noon Energy was founded in 2018 and based in Palo Alto, California. | $28M / Series A / Dec 14, 2022 | |
| Syzygy Plasmonics is a developer of a photocatalytic reactor designed for fuel cell vehicles and small-scale industrial applications.The company's reactor is powered by light and operates at over 1,000°F lower temperature than conventional chemical reactor technology that helps in reducing maintenance costs and is able to start or stopproduction near instantaneously, enabling fuel cell vehicle companies to produce ultra-low-cost hydrogen gas on-site at customer locations. | $76M / Series C / Nov 16, 2022 | ||
| Grand perspective provides early warning solution for hazardous gases that covers complete industrial sites. | $6.9M / Series A / Oct 17, 2022 | ||
| Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia. | $50M / Series B / Oct 17, 2022 | ||
| Data Gumbo’s mission is to empower enterprises and their business networks to transact securely, efficiently, and transparently. Data Gumbo provides the industry’s only smart contract platform enabling organizations, their customers, suppliers, and vendors to successfully incorporate real-time sensor level and field data to validate and automatetransactions—eliminating payment delays, disputes, and complicated reconciliations. Subscribers are able to increase operational efficiencies, accountability, transparency, contract, and cash flow certainty.Data Gumbo’s smart contract platform provides a unique combination of state-of-the-art distributed ledger technology, real-time IoT sensor data, and applications with APIs to eliminate the need for countless audits. This reduces friction to deliver streamlined operations and transactional certainty while maintaining security controls to protect our customers and their network. Created specifically for enterprises, Data Gumbo’s smart contract platform reinvents the way companies transact.Data Gumbo is a venture-backed organization that serves clients globally, across multiple industries. Learn more at www.datagumbo.com. | $4M / Series C / Aug 10, 2022 | ||
| See all 89 investments → | |||
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FAQ
What does Saudi Aramco Energy Ventures invest in?
Saudi Aramco Energy Ventures invests primarily in Energy, Oil and Gas and Software startups, most often at Series B and Series C stage. Most of the 89 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Saudi Aramco Energy Ventures's check size?
Saudi Aramco Energy Ventures typically joins rounds of $4M–$50M at Series B, $4M–$110M at Series C and $2.2M–$55M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Saudi Aramco Energy Ventures participates in.
How do I contact Saudi Aramco Energy Ventures?
Public channels for Saudi Aramco Energy Ventures include LinkedIn, X (Twitter) and the website linked on this profile. 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 Saudi Aramco Energy Ventures?
The team at Saudi Aramco Energy Ventures includes Arne Frøiland (Investment Director), Bruce Niven (Chief Investment Officer) and Daniel Carter (Investment Director), among 9 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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