KOTRA and Korea Credit Guarantee Fund Host 'Startup Matching Day' with Waed Ventures
Venture Capital Firm under Saudi State-Owned 'Aramco'
Invested 20 Billion KRW in 'Rebellions' Last Year
The Korea Trade-Investment Promotion Agency (KOTRA), together with the Korea Credit Guarantee Fund, held a "Startup Matching Day" on the afternoon of the 24th at its headquarters in Yeomgok-dong, Seoul, inviting Waed Ventures, a venture capital firm under Saudi Arabia's state-owned energy company Aramco.
KOTRA held a "Startup Matching Day" on the afternoon of the 24th at its headquarters in Yeomgok-dong, Seoul, inviting Waed Ventures, a venture capital firm under Saudi Arabia's state-owned energy company Aramco. Participating startups are conducting IR pitching to representatives of Waed Ventures. Photo by KOTRA
Aramco is the world's largest oil producer. Through Waed Ventures, it invests in global technology-based startups. In particular, last year, it demonstrated significant interest in Korean startups by investing approximately 20 billion KRW in the Korean AI semiconductor startup Rebellions.
The event was attended by 10 technology-based startups, including those in AI and bio, selected by KOTRA and the Korea Credit Guarantee Fund. These startups participated in one-on-one investment consultations and IR pitching sessions with Waed Ventures. The participating startups not only sought investment but also gained an opportunity to explore entry into the Middle Eastern market, which is actively pursuing technological innovation and industrial diversification.
Kim Taehyung, President of KOTRA Invest Korea, stated, "Recently, interest from overseas investors in Korean startups has been increasing, and this matching day confirmed the potential for collaboration with global venture capital firms." He added, "We will continue to strengthen comprehensive support so that domestic technology startups can attract growth capital and enter the global market."
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