About This Fund
Prosperity7 Ventures is a global venture capital fund and program established by Aramco Ventures, the corporate investment arm of Saudi Aramco, to invest in next-generation technologies and business models outside the energy sector. Officially launched in February 2022 at the Leap 22 technology conference in Riyadh, the fund takes its name from Dammam Well-7, Saudi Arabia's first commercial oil discovery — symbolizing a commitment to transformation and new frontiers. With offices in Dhahran, Riyadh, Beijing, Shanghai, New York, and San Francisco, Prosperity7 operates as a truly global investment platform with local presence in the world's leading startup ecosystems.
The fund pursues a diversified venture capital strategy across enterprise technology, blockchain, financial technology, industrial technology, healthcare, and education. Prosperity7 backs early- to growth-stage companies with disruptive technologies and highly scalable business models, providing not only capital but also hands-on mentorship and access to a curated global network of corporations, co-investors, and domain experts. Investment sizes span from seed-stage commitments through growth rounds, reflecting the fund's mandate to support companies at multiple stages of their development journey.
Since its launch, Prosperity7 has grown substantially, expanding its committed capital program from an initial $1 billion to $3 billion in January 2024 — one of the largest corporate venture capital fund expansions announced in the Middle East. The fund has built a diverse global portfolio spanning more than 60 companies, covering medtech, B2B SaaS, fintech, and deep tech. As the anchor of Aramco's non-energy innovation strategy, Prosperity7 Ventures has positioned Saudi Arabia as a serious participant in the global venture capital ecosystem, channeling sovereign energy capital into the technologies poised to define the next decade.