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Prosperity7 Ventures is a $3 billion diversified venture capital fund based in Dhahran, Saudi Arabia, operating as a subsidiary of Aramco Ventures. Founded in 2019 and officially announced in 2022, the firm focuses on investing in innovative companies and disruptive technologies across various sectors. The fund aims to support the development of next-generation technologies and business models, contributing to the diversification of Saudi Arabia's economy beyond oil.
With a global presence, Prosperity7 Ventures has established offices in Dhahran, Riyadh, Beijing, Shanghai, New York, and California. The firm manages a portfolio of 85 companies, emphasizing investments that yield significant societal benefits. Prosperity7 Ventures leverages its affiliation with Saudi Aramco to provide unique market access and resources to its portfolio companies, enhancing their growth potential.
Prosperity7 Ventures invests across a diverse range of sectors, including artificial intelligence, fintech, healthcare, biotech, robotics, mobility, e-commerce, and SaaS. The fund targets companies at various stages, specifically pre-seed, seed, seed-plus, and Series A. Their investment strategy emphasizes identifying highly scalable ventures with disruptive technologies and world-class management teams.
The firm seeks to support early-stage to growth-stage companies that demonstrate significant growth potential and societal impact. Prosperity7 Ventures is particularly interested in startups that can scale quickly and enter new markets, with a geographic focus that includes North America, the Middle East, and China. Their thesis revolves around investing in companies that not only promise financial returns but also contribute positively to society.
Prosperity7 Ventures has built a diverse portfolio of 85 companies, showcasing its commitment to various sectors. Notable portfolio companies include:
This portfolio reflects Prosperity7 Ventures' strategy of investing in companies that are not only technologically advanced but also have the potential for significant societal impact.
Raed Twaily: Executive Managing Director with extensive experience in venture capital and corporate strategy.
Brandon Donnelly: Head of Strategy & Research, specializing in market analysis and investment strategy formulation.
Qasem Kharbat: Head of Business Development, focusing on partnerships and growth opportunities for portfolio companies.
Omar Alnammary: Head of Investments, responsible for sourcing and evaluating new investment opportunities.
Hatice Aldemir: Research Manager, overseeing market research and due diligence processes.
Nujood Alyusuf: KSA Strategic Partnership Manager, facilitating collaborations within Saudi Arabia.
Hanan Alali: Business Development Manager, supporting portfolio companies in scaling their operations.
Balsam Alsaif: Head of FoF Investments, managing fund of funds strategies.
Yara AlTamimi: Investment Manager, involved in deal sourcing and portfolio management.
Abhishek Shukla: Managing Director (USA), leading investment efforts in the North American market.
Joe Chang: Managing Director (China), focusing on investment opportunities in the Chinese market.
Startups interested in pitching to Prosperity7 Ventures should utilize the contact form available on their website or reach out via email at hotline@p7vc.com. It is essential to include a comprehensive business plan, detailing the startup's vision, market potential, and team qualifications. The firm appreciates well-structured decks that clearly outline the problem being solved and the proposed solution.
Response times may vary, but founders should expect to hear back within a few weeks. Warm introductions can enhance the chances of a successful pitch, so leveraging connections within the industry is advisable.
In January 2024, Prosperity7 Ventures announced a significant capital injection of $4 billion, expanding its total allocation to $7 billion within Aramco Ventures. This expansion reflects the firm's commitment to diversifying its investment strategy beyond the energy sector.
As of March 2024, Prosperity7 Ventures has completed a total of 85 investments across various sectors, including medtech, fintech, and deep tech. The firm continues to actively seek new opportunities in emerging markets, particularly in the Middle East and China.
What are Prosperity7 Ventures' investment criteria?
Prosperity7 Ventures invests in early-stage to growth-stage companies across various sectors, including AI, fintech, healthcare, and more. They look for highly scalable ventures with disruptive technologies and strong management teams.
How can startups apply or pitch to Prosperity7 Ventures?
Startups can pitch to Prosperity7 Ventures through their website at this link or via email at hotline@p7vc.com. They should include a detailed business plan and information about their team and market potential.
What makes Prosperity7 Ventures different from other VC firms?
Prosperity7 Ventures is backed by Saudi Aramco, providing unique market access and resources for portfolio companies. Their focus on societal impact alongside financial returns sets them apart.
What is the geographic scope of Prosperity7 Ventures?
The firm has a global investment focus, particularly in North America, the Middle East, and China, allowing them to tap into diverse markets and opportunities.
What is the typical check size for investments?
While specific check sizes are not disclosed, Prosperity7 Ventures invests across various stages, indicating flexibility in their funding approach based on the startup's needs and growth potential.
What kind of post-investment involvement does Prosperity7 Ventures have?
Prosperity7 Ventures provides strategic guidance, operational support, and access to resources that facilitate growth and innovation for their portfolio companies.
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