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Prosperity7
Pushing the Edge of What's Possible Our history is built on taking big ideas and turning them into big realities Spotlight Prosperity7 Venture Capital...
Prosperity7
Pushing the Edge of What's Possible Our history is built on taking big ideas and turning them into big realities Spotlight Prosperity7 Venture Capital Announces Program Expansion to $3 Billion to Support Growth of Innovative Companies with Disruptive Technologies Dhahran, Saudi Arabia, January 17, 2024 – Today, Prosperity7 is pleased to announce that its fund
General information
Firm type
Asset Manager
AUM
$3.0B (per the firm, 2024)
Location
Region
Middle East
Country
Saudi Arabia
City
Dhahran
Corporate office
Al-Midra Tower, 11th Floor, West Wing, Dhahran 31311, Saudi Arabia
Additional offices
Riyadh, Saudi Arabia · Beijing, China · Shanghai, China · New York, NY, United States · Palo Alto, CA, United States
Sector focus
Frequently asked questions
How is Prosperity7 related to Aramco?
Prosperity7 is the $3 billion diversified venture capital fund of Aramco Ventures, a subsidiary of Saudi Aramco. The firm's capital comes entirely from Aramco's balance sheet, making it a single-LP vehicle. Its name references Dammam Well 7, the 1938 discovery that launched Saudi oil production.
Does Prosperity7 participate in fund commitments or only direct deals?
Prosperity7 primarily makes direct venture and growth equity investments in technology companies. The firm's public materials do not specify whether it also allocates capital to external venture funds as a limited partner; its portfolio page lists only direct company positions.
What investment stages does Prosperity7 typically target?
The firm invests across early-stage and growth-stage technology companies. Its portfolio includes seed-stage DeepTech startups alongside later-stage AI and cloud infrastructure companies, reflecting a flexible stage mandate backed by its single-LP balance sheet.
Which sectors does Prosperity7 explicitly avoid?
Prosperity7 does not publish a formal exclusions list. Its portfolio prominently excludes upstream oil and gas technology, despite its parent company's core business, focusing instead on frontier technology sectors like AI, robotics, enterprise software, fintech, and life sciences.
Who runs investment decisions at Prosperity7?
Prosperity7 does not publicly name an investment committee or managing partner on its website. The firm operates under the broader Aramco Ventures structure, and ultimate governance reflects the parent company's corporate hierarchy.
Is Prosperity7 structured as a venture capital firm or a corporate venture arm?
Prosperity7 functions as a corporate venture capital fund housed within Aramco Ventures. Unlike many corporate venture arms that invest for strategic synergies with the parent, Prosperity7's mandate is explicitly financial — backing transformative companies globally for long-term returns.
Does Prosperity7 maintain philanthropic structures, and how are they separated?
Prosperity7 does not operate a philanthropic foundation. Its investment activities are strictly commercial venture capital. Any corporate social responsibility initiatives are managed at the Aramco parent level rather than through the fund.
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