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KAUST Innovation Ventures is the venture capital arm of King Abdullah University of Science and Technology (KAUST), based in Thuwal, Saudi Arabia, funding early-stage deep tech startups that address major scientific and technological challenges. The firm provides seed to early-stage investments, typically ranging from under $200,000 to $2 million, often co-investing with local and international VCs. Its portfolio of KAUST spinouts and international spin-ins has collectively raised over $1 billion in total investments, generated $925 million in revenue, and created 6,661 jobs, with a combined valuation exceeding $2 billion as of 2024. Notable portfolio companies include Red Sea Farms, Sadeem, Rimrubber, and iStoria; the fund has made 102 total investments, including 40 companies by 2022. KAUST Innovation Ventures was established in 2010.
Key people at KAUST Innovation Ventures.
Key people at KAUST Innovation Ventures.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 1, 2023 | ClimateCrete | $3.0M Series A | Patrick Suel | Monta Vista Capital, Social Capital |