Primax
Acquisition in 2025
Primax is an oil and gas company.
Unioil
Corporate Round in 2025
Unioil is a chemicals company based out of Philippines.
Petro Rabigh
Acquisition in 2024
Petro Rabigh engages in the development, construction, and operation of an integrated refining and petrochemical complex.
Petro Rabigh was founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical. The plant is valued at about US $10 billion (25% funded by the public and the remainder equally funded by Saudi Aramco and Sumitomo Chemical) and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives. Petro Rbigh products are used in such end products as plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes and many other applications.
Petro Rabigh II is an expansion project valued at US $9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.
Petro Rabigh products have a vast range of applications that offer innovative downstream investors the chance to establish new industries in the region, bringing with them new skills and job opportunities. Petro Rabigh also offers many exciting investment opportunities through Petro Rabigh industrial complex (Rabigh PlusTech Park) which is the first private Industrial Park for conversion industries in Saudi Arabia, and is designed to accommodate polymer compounding Third Party Projects. It is a site next to Petro Rabigh where downstream industries utilize Petro Rabigh products as feedstock to produce chemical compounds such as polyols, polymer stabilizers, xylenes and solvents. The Rabigh Plastic Technical Center (R-PTC), a state-of-the-art facility run by Sumitomo Chemical, provides technical support and training in plastic processing technology.
As such, Petro Rabigh is at the hub of an upsurge in economic and technological development in line with Saudi Arabia's Vision 2030 to create a vibrant society, a thriving economy and an ambitious nation.
Rongsheng Petrochemical
Post in 2023
Rongsheng Petrochemical Co., Ltd., established in 1995 and headquartered in Hangzhou, China, is a subsidiary of Zhejiang Rongsheng Holding Group. The company specializes in the production, marketing, and sales of petrochemicals and chemical fibers, both domestically and internationally. Its extensive product portfolio includes synthetic fibers and films, synthetic raw materials, synthetic resins, olefins, aromatics and phenols, and oil products. Rongsheng Petrochemical's offerings range from polyester chips and yarns to purified terephthalic acids, ethylene oxides, and various petrochemical intermediates. The company, formerly known as Rongsheng Chemical Fiber Group, changed its name to Rongsheng Petrochemical in 2007.
Geely-Renault Powertrain
Corporate Round in 2023
Geely-Renault Powertrain Co. develop and supply hybrid and internal combustion engines (ICE). It's a joint venture between Geely and Renault.
Utility Global
Series B in 2022
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.
Valvoline
Acquisition in 2022
Valvoline Inc. is a manufacturer and marketer of engine and automotive maintenance products, specializing in premium branded lubricants and automotive chemicals. Founded in 1866 and headquartered in Lexington, Kentucky, Valvoline operates through three primary segments: Quick Lubes, Core North America, and International. The company produces a wide range of products, including motor oils for various vehicle types, antifreeze, brake fluids, and specialty coatings. Valvoline also offers additional automotive components such as oil and air filters, windshield wiper blades, and serpentine belts. With approximately 1,500 quick-lube locations in the United States and Canada, Valvoline provides services directly to consumers as well as to car dealers, general repair shops, and third-party quick lube locations. Operating in over 140 countries worldwide, Valvoline is committed to developing advanced lubrication solutions and maintaining a strong presence in the automotive industry.
Cognite
Secondary Market in 2022
Cognite is a global industrial AI Software-as-a-Service company that facilitates the digital transformation of heavy-asset industries such as oil and gas, shipping, manufacturing, and power and utilities. Founded in January 2017, the company has developed Cognite Data Fusion, a platform that enables the contextualization of operational and IT data. This facilitates the creation of industrial applications aimed at enhancing safety, sustainability, and efficiency in operations. Cognite's platform allows users, ranging from field engineers to data scientists, to access and leverage industrial data effectively, driving value and innovation within their organizations. With a workforce exceeding 400 professionals, including software developers, data scientists, and industry experts, Cognite operates offices in Norway, the United States, and Japan.
Rewaa is a company that specializes in cloud-based inventory management software aimed at simplifying the e-commerce operations of retailers. By integrating physical stores with online marketplaces, Rewaa enables retailers to list their in-store products online with minimal operational and marketing costs. The platform automates various functions, including inventory management, order processing, and invoicing, allowing retailers to manage sales and suppliers efficiently. With the Rewaa Cashier System, products in physical stores are automatically listed online, eliminating the need for separate inventories for online sales. This integration also allows physical locations to serve as shipping centers, facilitating quicker order fulfillment and reducing employment costs. Overall, Rewaa aims to streamline e-commerce processes for retailers, enhancing their ability to sell across multiple channels effectively.
Arabian Robotics
Venture Round in 2021
Arabian Robotics specializes in designing and developing advanced robotics technologies for industrial applications, particularly in the oil, gas, and petrochemical sectors. The company offers competitive robotic inspection and non-destructive testing services, including ultrasonic thickness testing, pipe, tank, and vessel inspections. Through collaboration with key international partners, Arabian Robotics focuses on the continuous development of effective technologies that ensure reliable and affordable inspection solutions for its clients.
Taulia
Venture Round in 2020
Taulia, established in 2009, is a global FinTech company specializing in supply chain management and financing software. Headquartered in San Francisco with offices worldwide, Taulia offers AI-driven solutions for both buyers and suppliers. For buyers, Taulia provides dynamic discounting, supply chain finance, cash forecasting, invoice automation, and supplier management tools. For suppliers, it offers early payment, electronic invoicing, and self-service platforms. Taulia's cloud-based solutions enable businesses to transform every invoice into a revenue opportunity, streamline e-invoicing, and empower suppliers, ultimately enhancing working capital management. The company has a strategic alliance with KPMG.
Hyundai Oilbank
Secondary Market in 2019
Hyundai Oilbank Co., Ltd. is a prominent South Korean company engaged in the production and sale of a wide range of petroleum and petrochemical products. Founded in 1964 and headquartered in Seosan, the company produces gasoline, kerosene, jet fuel, fuel oil, naphtha, low sulfur diesel, and liquefied petroleum gas. Additionally, it manufactures petrochemical products including benzene, toluene, p-xylene, propylene, and mixed xylene. Hyundai Oilbank also offers asphalt, lube base oil, lubricants, and carbon black products. The company is involved in petroleum trading, oil storage, and crude refining, and operates approximately 2,348 gas stations under the Oilbank brand. Its products are distributed through various channels, including gas stations, agencies, and retail outlets. Hyundai Oilbank, formerly known as Hyundai Oil Refinery Co., Ltd., emphasizes its commitment to social responsibility and aims to contribute to the national economy and development while serving the interests of its stakeholders. It is a subsidiary of Hyundai Heavy Industries Holdings Co., Ltd.
UnitX is a deep tech company specializing in artificial intelligence, supercomputing, and data analytics. It develops platforms and software to deploy AI at scale, with on-premises and edge-to-cloud integration and on-demand supercomputing for rapid prototyping. Its offerings include AI acceleration, digital transformation, and simulation-focused tools that let customers build applications and containers for supercomputing and allocate compute resources by time and cost. The company also provides safety and security monitoring solutions that fuse sensor data and video analytics to deliver real-time insights, detect hazards, and track personnel at industrial sites. UnitX serves a broad range of industries, including finance, insurance, government, retail, telecom, healthcare, manufacturing, and logistics. Based in Thuwal, Saudi Arabia, UnitX emphasizes responsible AI, holds ISO certification, and is recognized by SDAIA and NVIDIA for its technology.
Form Energy
Series B in 2019
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.
SABIC is a diversified manufacturing company based in Saudi Arabia, primarily engaged in chemicals and intermediates, industrial polymers, fertilizers, and metals. It is the largest public company listed on Tadawul and the second largest global ethylene glycol producer. SABIC Ventures, its wholly-owned subsidiary, focuses on seed and early-stage venture capital financing for innovative companies globally.
GetMuv is a Jeddah-based company established in 2017 that offers a mobile and web application designed to enhance the practice of sports in an engaging way. One of its key products, 1Pass, targets corporate wellness by allowing verified employees to access any gym with a single membership. This innovative approach enables users to enjoy flexible and convenient fitness options while promoting healthier lifestyles within organizations.
Sadeem is a global marketplace to help data centers and hosting providers to sell simple cloud instances, through this market place the end users can locate the most proper Cloud Service Provider fits with their requirements.(AIRBNB for Data Centers).
To achieve this, they have developed a simple and a comprehensive cloud orchestration includes a Control Panel for VMs management with embedded billing system and ticketing system via a single portal. This will ease the service provisioning process to the customers and on the other hand will off-load the cost of integration with third party tools from the Service Providers.
IBOAT is a application that helps boat owners rent their boats to sea lovers with high-quality and safe trips through their smart phones.
Golden Scent
Series B in 2019
Founded in 2014, Golden Scent is an e-commerce platform based in Dammam, Saudi Arabia. It specializes in offering genuine fragrances and beauty products, including cosmetics, skincare, and hair care items. The platform enables users to try on products virtually before purchasing.
NexWafe
Corporate Round in 2018
NexWafe GmbH, established in 2015 and headquartered in Freiburg im Breisgau, Germany, specializes in the manufacturing and supply of monocrystalline silicon wafers for solar cell producers. The company employs an innovative continuous gas-to-wafer manufacturing process that minimizes waste, enabling the production of high-quality wafers at a significantly lower cost compared to conventional options. These wafers are designed to be fully compatible with existing cell and module fabrication processes, making them an attractive choice for manufacturers in the solar energy sector. By providing efficient and cost-effective solutions, NexWafe aims to play a pivotal role in the transition towards sustainable energy.
Golden Scent
Series A in 2017
Founded in 2014, Golden Scent is an e-commerce platform based in Dammam, Saudi Arabia. It specializes in offering genuine fragrances and beauty products, including cosmetics, skincare, and hair care items. The platform enables users to try on products virtually before purchasing.
Sihatech is the solution to the problem of lack of transparency and accountability in healthcare. They have developed a responsive website and two native applications on iOS and Android. Today, a small hospital or clinic can use Sihatech for all their Hospital Information System (HIS) needs and save all the hassle and trouble of working with a third party IT developer and paying thousands of riyals in server and development costs. Sihatech is a pure cloud player. They are focusing on the marketing and appointment booking aspects of the website and apps, but this is just the simple hook to get the doctors on board. Once they experience the robustness of their back end system and their innovative ideas, they will become loyal users. They are already being referred by their existing customers. They are now in the process of building a payment gateway that will allow their users to apply for micro-loans to finance certain medical procedures that are not typically covered by insurance and it will also allow small hospitals and clinics to manage their revenue cycle with insurance companies and their medical supply payments to their vendors (pharmacies, laboratories and equipment/consumables suppliers).
Sihatech’s vision is to become the MENA regions premium provider of technology solutions to the healthcare space to improve the access, accountability and quality in healthcare.
Sihatech’s mission is to allow the hospitals, polyclinics and doctor practices to outsource all business and technology processes to be able to focus on treating the patient
WalaPlus
Seed Round in 2017
Goal
To be the leading provider of happiness and loyalty programs, fostering a culture of joy and satisfaction among employees
Vision
To create a workplace where every employee and customer thrives in an environment of shared happiness and loyalty
Products
WalaOffer
WalaBravo
WalaHub
WalaPioneer
WalaActive
Walaone
PayTabs is a payment processing and fraud prevention company designed to facilitate seamless online transactions for businesses and consumers. It offers a robust payment gateway that integrates with merchant websites, allowing for quick deposit of payments. The company's services include digital invoicing, payment receipt via QR codes, and secure payment links for social media, making it easier for merchants to conduct business online. By leveraging advanced technology, PayTabs aims to enhance the payment experience for both buyers and sellers, ensuring secure and efficient financial transactions.
Desktop Metal
Series D in 2017
Desktop Metal is a global developer and manufacturer of additive manufacturing technologies, materials, and software for industrial production. The company offers a range of metal 3D printing systems, including the Production System for high-volume manufacturing, the Shop System for machine shops, the Studio System for office environments, and the Fiber printer for desktop use. It supplies materials and software that support metal, polymer, sand, and ceramic applications, enabling on-demand, digital mass production with improved speed, cost efficiency, and part quality. Desktop Metal serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, and research and development customers and operates worldwide from headquarters in Burlington, Massachusetts.
OxyMem
Funding Round in 2017
OxyMem is a company focused on transforming wastewater treatment through its innovative Membrane Aerated Biofilm Reactor (MABR) technology. This solution addresses the energy-intensive nature of conventional wastewater treatment, which typically relies on bubble diffusion methods that result in significant energy losses. By utilizing hollow fibre gas permeable membranes, OxyMem facilitates direct oxygen delivery to microorganisms, achieving oxygen transfer rates of up to 95%. This advancement not only enhances biological capacity by up to 50% but also significantly reduces energy consumption by 75% and sludge production by 50%. OxyMem's technology serves as a complementary enhancement to existing treatment systems or as a replacement for outdated infrastructure, promoting more sustainable and efficient wastewater management practices.
Smart Controls Systems
Series A in 2017
Smart Controls Systems specializes in providing comprehensive building management solutions, including telecommunications infrastructure, access control systems, security measures, and IT services. They cater to clients ranging from federal agencies to small businesses across Saudi Arabia and the Middle East.
Arabian Calibration Company
Series A in 2017
Arabian Calibration Company specializes in flow measurement, verification, and calibration services for liquid and flow meters. It offers both fixed and mobile calibration options, ensuring clients receive accurate engineering metrics tailored to their operational requirements.
Arabian Robotics
Seed Round in 2017
Arabian Robotics specializes in designing and developing advanced robotics technologies for industrial applications, particularly in the oil, gas, and petrochemical sectors. The company offers competitive robotic inspection and non-destructive testing services, including ultrasonic thickness testing, pipe, tank, and vessel inspections. Through collaboration with key international partners, Arabian Robotics focuses on the continuous development of effective technologies that ensure reliable and affordable inspection solutions for its clients.
Desktop Metal
Series C in 2017
Desktop Metal is a global developer and manufacturer of additive manufacturing technologies, materials, and software for industrial production. The company offers a range of metal 3D printing systems, including the Production System for high-volume manufacturing, the Shop System for machine shops, the Studio System for office environments, and the Fiber printer for desktop use. It supplies materials and software that support metal, polymer, sand, and ceramic applications, enabling on-demand, digital mass production with improved speed, cost efficiency, and part quality. Desktop Metal serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, and research and development customers and operates worldwide from headquarters in Burlington, Massachusetts.
Organic Standards
Seed Round in 2017
Organic Standards is a chemical manufacturing company specializing in the production of fertilizers, including biofertilizers, liquid fungicides, rodenticides, disinfectants, and soil enhancers. Its products aim to improve soil properties, increase crop yield, and facilitate both organic and inorganic agricultural operations.
Rive Technology
Series E in 2015
Rive Technology is a clean energy company focused on the commercialization of advanced catalyst technology for petroleum refining. The company has developed proprietary technology, originally invented at MIT, that enhances traditional zeolite catalysts by introducing novel medium pore size channels. This innovation allows for greater accessibility of large hydrocarbon molecules, significantly increasing the yield of transportation fuels such as gasoline and diesel from each barrel of crude oil. Rive's catalysts are designed to integrate seamlessly into existing refinery operations, enabling refiners to boost throughput and profitability with minimal capital investment. By improving process efficiency and product yields, Rive's technology offers a compelling solution for the petroleum refining industry.