CVC/VC  Saudi Aramco Energy Ventures

     Office Locations:

Two Allen Center
1200 Smith Street
Houston, TX 77096

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  • Early
  • Seed



  • Energy & Clean Tech
  • Manufacturing & Industrial



    Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, the Saudi Arabian national oil company. The firm seeks to invest globally into early-stage and high growth companies with technologies of strategic importance to Aramco, to accelerate their development and their deployment in the Kingdom of Saudi Arabia. Saudi Aramco Energy will invest in upstream and downstream oil and gas, petrochemicals, renewables, energy efficiency and water sectors. Their objective is to deploy technologies that enhance the identification and management of reserves, enhance primary energy production, improve operational efficiency, increase value capture in downstream processing, and support optimization of Kingdom energy and water consumption. Typical investments are in the range of $2-20 million over 2-3 rounds of financing, but there is flexibility to invest from $1 million up to $30 million total exposure per company.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Cory Steffek Managing Director


    Recent Funding Events (trailing 12 months):







      Data Gumbo



      Series C





      Series B


    Portfolio companies include:

      908 Devices
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      Clarke Industrial Engineering
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      Data Gumbo
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      FogHorn Systems
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      Rive Technology
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      Siluria Technologies
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      Zahroof Valves
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    Recent News: