Founded in 2013, Wa'ed Ventures (also known as Saudi Aramco Entrepreneurship Ventures) is a entrepreneurial venture capital arm of Saudi Aramco established with the vision of igniting the spirit of entrepreneurship and innovation in the Kingdom. The fund invests in innovative and impactful, early-stage startups with high growth potential, that promote economic development in Saudi Arabia and enhance the entrepreneurship and innovation ecosystem in the Kingdom. The firm is based in Dhahran, Saudi Arabia.