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saev.com

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Investments

75

Portfolio Exits

10

Funds

2

About Saudi Aramco Energy Ventures

Saudi Aramco Energy Ventures (SAEV) is the corporate venturing subsidiary of Saudi Arabian Oil Company (Saudi Aramco), an integrated energy company. Headquartered in Dhahran with operations in North America and Europe, SAEV's mission is to invest globally in start‐ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco.

Saudi Aramco Energy Ventures Headquarter Location

9/F Al-Midra Tower East Wing, Dhahran 31311

Dhahran, 31311,

Saudi Arabia

+966555587032

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Latest Saudi Aramco Energy Ventures News

Carbon Clean Raises $150M in Series C Funding

May 15, 2022

Carbon Clean , a London, UK-based provider of carbon capture solutions, raised USD150m in Series C funding. The round was led by existing investor Chevron, alongside CEMEX Ventures, Marubeni Corporation and WAVE Equity Partners and new investors, AXA IM Alts, Samsung Ventures, Saudi Aramco Energy Ventures and TC Energy. To date, Carbon Clean has raised $195m. The company intends to use the funds to expand operations and its business reach, working in collaboration with industrial partners and governments to manufacture and ship hundreds of standardised, fully modular carbon capture units to industrial facilities every year. Led by Aniruddha Sharma, Chair and CEO, Carbon Clean is a global leader in carbon capture solutions for industries such as cement, steel, refineries and energy from waste. The company’s patented technology has been proven at scale in over 44 sites around the world, including plants in the UK, U.S., Japan, Germany, India, Norway and the Netherlands. It has delivered the world’s largest industrial-scale carbon capture and utilisation plant for Tuticorin Alkali Chemicals & Fertilizers Ltd, India. As part of the new investment, Carbon Clean and Chevron are seeking to develop a technology demonstration pilot that will test the company’s tech solution at one of Chevron’s co-generation plants in San Joaquin Valley, California. FinSMEs 15/05/2022

Saudi Aramco Energy Ventures Investments

75 Investments

Saudi Aramco Energy Ventures has made 75 investments. Their latest investment was in Carbon Clean as part of their Series C on May 5, 2022.

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Saudi Aramco Energy Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/11/2022

Series C

Carbon Clean

$150M

Yes

5

5/10/2022

Series A

HYDROGEN Mem-Tech

$17.47M

Yes

2

4/14/2022

Unattributed VC

Wakecap Technologies

Yes

1

2/2/2022

Secondary Market

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$99M

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10

12/30/2021

Series B

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$99M

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10

Date

5/11/2022

5/10/2022

4/14/2022

2/2/2022

12/30/2021

Round

Series C

Series A

Unattributed VC

Secondary Market

Series B

Company

Carbon Clean

HYDROGEN Mem-Tech

Wakecap Technologies

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Amount

$150M

$17.47M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

2

1

10

10

Saudi Aramco Energy Ventures Portfolio Exits

10 Portfolio Exits

Saudi Aramco Energy Ventures has 10 portfolio exits. Their latest portfolio exit was Energy Vault on February 14, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/14/2022

Reverse Merger

$99M

5

1/12/2022

Acquired

3

7/28/2021

Acquired

$99M

5

7/1/2021

Acquired

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10

12/18/2020

IPO

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$99M

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10

Date

2/14/2022

1/12/2022

7/28/2021

7/1/2021

12/18/2020

Exit

Reverse Merger

Acquired

Acquired

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

5

3

5

10

10

Saudi Aramco Energy Ventures Fund History

2 Fund Histories

Saudi Aramco Energy Ventures has 2 funds, including Saudi Aramco Energy Ventures Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2012

Saudi Aramco Energy Ventures Fund

Multi-Stage Venture Capital

Closed

$500M

1

Aramco Tech VC Fund

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10

Closing Date

12/31/2012

Fund

Saudi Aramco Energy Ventures Fund

Aramco Tech VC Fund

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$500M

Sources

1

10

Saudi Aramco Energy Ventures Team

8 Team Members

Saudi Aramco Energy Ventures has 8 team members, including current Chief Executive Officer, Ibrahim Al-Buainain.

Name

Work History

Title

Status

Ibrahim Al-Buainain

Chief Executive Officer

Current

Bruce Niven

Chief Financial Officer

Current

James Sledzik

Energy Ventures, WesternGeco, and Schlumberger

Managing Director

Current

Frank Andrasco

Honeywell Ventures, Microsoft, International Finance Corporation, PwC, and NASA

Senior Director

Current

Ibrahim Al Buainain

Chief Executive Officer

Former

Name

Ibrahim Al-Buainain

Bruce Niven

James Sledzik

Frank Andrasco

Ibrahim Al Buainain

Work History

Energy Ventures, WesternGeco, and Schlumberger

Honeywell Ventures, Microsoft, International Finance Corporation, PwC, and NASA

Title

Chief Executive Officer

Chief Financial Officer

Managing Director

Senior Director

Chief Executive Officer

Status

Current

Current

Current

Current

Former

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