Investments
75Portfolio Exits
10Funds
2About 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
Latest Saudi Aramco Energy Ventures News
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.
Saudi Aramco Energy Ventures Investments Activity
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 | |||||
12/30/2021 | Series B |
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 | ||
Amount | $150M | $17.47M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 5 | 2 | 1 |
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 | 5 | |||
1/12/2022 | Acquired | 3 | |||
7/28/2021 | Acquired | 5 | |||
Date | 2/14/2022 | 1/12/2022 | 7/28/2021 | ||
---|---|---|---|---|---|
Exit | Reverse Merger | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 | 3 | 5 |
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 |
Closing Date | 12/31/2012 | |
---|---|---|
Fund | Saudi Aramco Energy Ventures Fund | Aramco Tech VC Fund |
Fund Type | Multi-Stage Venture Capital | |
Status | Closed | |
Amount | $500M | |
Sources | 1 |
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 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.