KAUST Innovation Ventures is a university fund of King Abdullah University of Science and Technology in Thuwal, active since 2010. It invests in deep tech companies from pre-formation to early Series A in health, energy, food, water and AI.
About KAUST Innovation Ventures
The fund invests in companies spun out of KAUST, fast-growing local companies and global deep tech companies expanding to Saudi Arabia, through convertible notes or equity stakes, often in partnership with other investors. It requires the company to operate in Saudi Arabia or relocate there, and to have customers and early revenue. Applications are accepted year-round.
The usual check is between $100,000 and $700,000, up to $500,000 at the seed stage and up to $2 million at early stages. Portfolio examples are from a 2021 report.
What it invests in
- Stages
- Pre-seed, Seed, Series A
- Sectors
- Health, Energy, Food and agriculture, Sustainability, AI
- Ticket size
- $100K – $2M Source