13 cleantech investors fund Riyadh startups in 2026. Wa'ed, Aramco Ventures, and PIF back renewables and hydrogen. Saudi committed $34B to clean power in 2025, a top-10 global spot.
Saudi Arabia is spending big to cut its own carbon. Vision 2030 and the Green Initiative drive the money.
Wa'ed and Aramco Ventures back energy-transition startups. ACWA Power and PIF build the largest clean projects.
Most rounds need real tech, offtake, and a carbon case. Ellty tracks every data room open from these funds.
This guide lists 13 active Riyadh cleantech investors in 2026.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Wa'ed Ventures | Corporate VC | $1M-$20M | Cleantech, sustainability, deep tech | waed.com |
| Aramco Ventures | Corporate VC | $5M-$50M+ | Carbon, lower-carbon fuels, energy | aramcoventures.com |
| Public Investment Fund | Sovereign fund | $100M+ | Renewables, EVs, hydrogen | pif.gov.sa |
| ACWA Power | Developer / IPP | Project finance | Solar, wind, water, green hydrogen | acwapower.com |
| Sanabil Investments | Sovereign / govt fund | $5M-$100M+ | Climate, cleantech, multi-sector | sanabil.com |
| Saudi Venture Capital | Fund of funds | LP commitments | Sustainability, cleantech (LP) | svc.com.sa |
| Prosperity7 Ventures | Growth VC | $5M-$50M+ | Deep tech, energy AI, robotics | prosperity7.com |
| NEOM Investment Fund | Strategic / govt fund | Strategic equity | Renewables, clean industry | neom.com |
| ENOWA | NEOM energy arm | Project finance | Green hydrogen, renewables, water | enowa.neom.com |
| SABIC | Corporate strategic | Strategic / M&A | Carbon capture, circular economy | sabic.com |
| Shorooq Partners | Seed / Series A VC | $1M-$20M | Climate, cleantech, deep tech | shorooq.com |
| VentureSouq | Seed / Series A VC | $250K-$5M | Climate, food security, carbon | venturesouq.com |
| Global Ventures | Series A / B VC | $2M-$20M | Climate, water, deep tech | global.vc |
Run your Riyadh cleantech raise tight
Energy funds open your tech and offtake docs first. Ellty logs every view.
Start free 14-day trialWhat a Saudi cleantech VC backs
A cleantech investor backs renewables, hydrogen, and water tech. In Saudi that means real tech and a clear offtake deal.
Most Riyadh climate VCs write seed and Series A rounds. A clean fundraising plan keeps the whole round tight.
They want hard proof your tech works at real scale. Founders pitching Riyadh fintech investors face a similar bar.
Ellty gives each fund one trackable link and logs every open. You see who studied your tech docs before the call.
I'm honored to lead ACWA at a pivotal moment as the company accelerates global growth in renewable energy, water, and green hydrogen.
13 Riyadh cleantech investors
1. Wa'ed Ventures
Wa'ed Ventures is Aramco's $500M VC backing Saudi cleantech.
Recent Activity: Made 13 investments in 2025 across cleantech, deep tech, and digital startups
LinkedIn: Wa'ed Ventures LinkedIn
Sector Focus: Cleantech, sustainability, deep tech
Stage Focus: Pre-seed to Series A
Location: Dhahran, Saudi Arabia
Website: waed.com
2. Aramco Ventures
Aramco Ventures runs a $1.5B sustainability fund for energy transition.
Recent Activity: Backed Ucaneo in direct air capture and Andium's $21.7M round in 2025
LinkedIn: Aramco Ventures LinkedIn
Sector Focus: Lower-carbon fuels, carbon, energy
Stage Focus: Series A to C
Location: Dhahran, Saudi Arabia
Website: aramcoventures.com
3. Public Investment Fund
PIF is Saudi Arabia's sovereign fund anchoring the energy transition.
Recent Activity: Committed $10B to green tech, builds CEER, EVIQ, TAQA, and Badeel
LinkedIn: Public Investment Fund LinkedIn
Sector Focus: Renewables, EVs, hydrogen
Stage Focus: Project finance, growth
Location: Riyadh, Saudi Arabia
Website: pif.gov.sa
4. ACWA Power
ACWA Power is Saudi Arabia's PIF-backed renewables and water developer.
Recent Activity: Signed $8.3B in solar and wind PPAs with Badeel and SAPCO in 2025
LinkedIn: ACWA Power LinkedIn
Sector Focus: Solar, wind, water, green hydrogen
Stage Focus: Project finance, JV
Location: Riyadh, Saudi Arabia
Website: acwapower.com
5. Sanabil Investments
Sanabil is PIF's venture arm backing climate via funds and deals.
Recent Activity: Deploys around $3B a year, an active LP in MENA climate-active funds
LinkedIn: Sanabil Investments LinkedIn
Sector Focus: Climate, cleantech, multi-sector
Stage Focus: Venture, growth, LP
Location: Riyadh, Saudi Arabia
Website: sanabil.com
6. Saudi Venture Capital
Saudi Venture Capital is a government fund of funds backing climate VCs.
Recent Activity: An active LP across MENA VC funds, with sustainability among its themes
LinkedIn: Saudi Venture Capital LinkedIn
Sector Focus: Sustainability, cleantech, via funds
Stage Focus: Fund of funds
Location: Riyadh, Saudi Arabia
Website: svc.com.sa
Share your tech docs and track every VC open
Ellty shows when Wa'ed or Aramco opens your tech and offtake docs. Follow up fast.
Start free 14-day trial7. Prosperity7 Ventures
Prosperity7 is Aramco's $3B deep-tech growth fund.
Recent Activity: Backs deep tech and AI for the energy transition, raised a $2B Fund II
LinkedIn: Prosperity7 Ventures LinkedIn
Sector Focus: Deep tech, energy AI, robotics
Stage Focus: Growth, Series B+
Location: Dhahran, Saudi Arabia
Website: prosperity7.com
8. NEOM Investment Fund
NEOM Investment Fund backs energy and sustainability ventures.
Recent Activity: Funds clean energy and sustainability across Oxagon, Enowa, and Topian
LinkedIn: NEOM Investment Fund LinkedIn
Sector Focus: Renewables, sustainability, clean industry
Stage Focus: Strategic equity, JV
Location: NEOM / Riyadh
Website: neom.com
9. ENOWA
ENOWA is NEOM's energy and water arm building a renewable grid.
Recent Activity: Co-developing the $8.4B NEOM green hydrogen plant at around 600 tonnes a day
LinkedIn: ENOWA LinkedIn
Sector Focus: Green hydrogen, renewables, water
Stage Focus: Project finance, JV
Location: NEOM, Saudi Arabia
Website: enowa.neom.com
10. SABIC
SABIC is a Saudi chemicals giant investing in low-carbon tech.
Recent Activity: Active in carbon capture and circular polymers across the Kingdom in 2025
LinkedIn: SABIC LinkedIn
Sector Focus: Carbon capture, circular economy
Stage Focus: Corporate, project, M&A
Location: Riyadh, Saudi Arabia
Website: sabic.com
11. Shorooq Partners
Shorooq Partners is a MENA VC with a climate thesis, active in Saudi.
Recent Activity: Made 9 investments in 2025 across tech, including climate and cleantech
LinkedIn: Shorooq Partners LinkedIn
Sector Focus: Climate, cleantech, deep tech
Stage Focus: Seed, Series A
Location: Abu Dhabi / KSA-active
Website: shorooq.com
12. VentureSouq
VentureSouq runs a dedicated MENA climate-tech fund.
Recent Activity: Ran its third climate investor fellowship in 2025, deploying a climate fund
LinkedIn: VentureSouq LinkedIn
Sector Focus: Climate, food security, carbon
Stage Focus: Seed, Series A
Location: Dubai / KSA-active
Website: venturesouq.com
13. Global Ventures
Global Ventures backs MENA climate and deep-tech founders.
Recent Activity: An active MENA growth investor across climate, water, and deep tech
LinkedIn: Global Ventures LinkedIn
Sector Focus: Climate, water, deep tech
Stage Focus: Series A, Series B
Location: Dubai / KSA-active
Website: global.vc
Vision 2030 and net zero
Saudi Arabia aims to hit net zero emissions by 2060. Vision 2030 and the Green Initiative set the path.
That moves huge capital into Riyadh cleantech firms. PIF and Aramco are leading most of the biggest bets.
Founders share tech, offtake, and carbon data under NDA. A clean virtual data room holds all of it securely.
Run environmental due diligence on your project early. These funds reward founders who arrive fully ready.
Solar, hydrogen, and water
Solar and green hydrogen lead the Saudi energy shift. ACWA Power and NEOM build them at a massive scale.
Water tech matters just as much in this dry kingdom. Desalination and reuse pull in real investment now.
Investors check your tech readiness and offtake closely. Lab-only claims rarely win a real cleantech round.
Track who reads your tech model with document analytics. Ellty shows you every open the moment that it happens.
Carbon and the circular economy
Carbon capture and circular tech are a growing niche. SABIC and Aramco fund a large share of that work.
Investors want a real carbon case, not just a story. Hard numbers will always beat vague green slogans.
Keep emissions data and reports current for each fund. Warm investors usually move faster the next round.
Run technical due diligence on your full stack first. It maps closely to what Wa'ed and Aramco expect now.
How to pitch a Riyadh cleantech investor
Lead with proven tech, an offtake deal, and a carbon case.
- 1.Prove your tech works at real scale.Saudi funds back results, not lab demos.
- 2.Line up an offtake or pilot partner.Real demand de-risks your whole round.
- 3.Build a clear, honest carbon case.Hard numbers beat green slogans.
- 4.Share one Ellty link per fund and track opens.Follow up when a fund reads your tech.
How Ellty helps you land a cleantech investor in Riyadh
You've found your Riyadh cleantech investors already. Set up a data room before your first pitch.
- 1.Upload tech, offtake, and carbon data to Ellty.Set NDA-gated access per investor.
- 2.Share a unique trackable link with each fund.Each fund gets one link. Ellty logs every open.
- 3.Track opens and follow up the moment they read.Use Ellty analytics to time your follow-up.
Riyadh cleantech investor questions
- Corporate VCs, sovereign funds, and developers. Wa'ed, Aramco, and PIF lead it.
- Cheques run $500K to $30M for startups. Projects raise billions in finance.
- Proven tech, offtake, and a carbon case. Lab-only claims rarely win.
- A plan to cut carbon and plant trees. It aims to cut 130M tonnes by 2030.
- Yes, NEOM builds an $8.4B plant. It will be among the world's largest.
- Before outreach starts. Track who opens your tech and carbon docs.
