Today: July 14, 2024
January 18, 2024
1 min read

Saudi Aramco Supercharges Venture Capital Arm with $4B Funding

Saudi Arabia’s state-owned oil company, Saudi Aramco, is to increase its funding of its venture capital (VC) arm by $4bn, taking its total investment in the division to $7bn. Aramco Ventures’ existing funds were placed in a digital/industrial fund, a sustainability fund and a $1bn Prosperity7 Fund. Aramco said the financing would enable the firm to develop future technologies and collaborate with start-ups.

Previous Story

Summa Health: A Non-profit Revolutionized by Health Venture Capital

Next Story

Washington University and Deerfield Management Form VeritaScience for Biotech Advancement

Latest from Blog

Go toTop