About SABIC Ventures
SABIC Ventures is a venture capital firm founded in 2011. It is primarily based out of Riyadh, Saudi Arabia. As of May 2023, SABIC Ventures has invested in 5 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Energy Tech and Environment Tech. Most recently it participated in the $***** Seed round of Niocycle A lot of funds co-invest with SABIC Ventures, with names like Energy Foundry sharing a substantial percentage of its portfolio. SABIC Ventures has team of 5 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
SABIC Ventures' List of All Investments
SABIC Ventures has a portfolio of 5 companies. Their most notable investments are in Niocycle and Imtex Membranes.Their portfolio spans across United States, Canada, China and 1 more locations. They have invested in High Tech, Energy Tech, Environment Tech and 5 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of all investments by SABIC Ventures:
1. Azumo
Manufacturer of front-lit liquid crystal technology for displays. It develops front-lit reflective LCDs that consume low power. Its features include a thin display stack, power efficiency, ambient light utilization, colour enhancement, and low-powered light-emitting diodes. It has applications in medical, educational, industrial, wearables, automotive, consumer electronics, and IoT systems.
Key facts about Azumo
- Founded Year: 2004
- Location: Chicago (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $56.1M
- Employee Count: 4 as on Feb 28, 2025
- Investors: Energy Foundry, Slojo Investments and 9 Others
- Latest Funding Round: Series B, May 10, 2022, $*****
- Highlight: Editors' Pick
Imtex Membranes is a membrane-based technology solutions provider for the separation of gas. Used in cracking, purge steam recovery, refining up-gradation, and others. Claims to use natural source polymer for membrane production.
Key facts about Imtex Membranes
- Founded Year: 2007
- Location: Mississauga (Canada)
- Stage: Series A
- Total Funding till date: $10M
- Employee Count: 4 as on Sep 30, 2026
- Investors: Sustainable Development Technology Canada, SABIC and 4 Others
- Latest Funding Round: Series A, May 20, 2020, $*****
- Highlight: Editors' Pick
3. Prismlab
Manufacturer of stereolithography technology-based industrial 3D printers. It designs and develops industrial-grade 3D printers based on Stereolithography (SLA) technology, as well as 3D printing materials. It also offers industrial-grade LCD light curing, ceramic, and micro-nano 3D printers.
Key facts about Prismlab
- Founded Year: 2009
- Location: Shanghai (China)
- Stage: Series C
- Total Funding till date: $29.2M
- Employee Count: 28 as on Sep 30, 2026
- Investors: BASF, Qiming Venture Partners and 6 Others
- Latest Funding Round: Series C, Aug 26, 2022, $*****
4. MTPV
Manufacturer of photovoltaic cells based on micron-gap thermophotovoltaics technology. It converts waste heat into electricity in a high-temperature environment. It also provides a platform manager software that track, monitor, and manage all components of the systems. It has applications in the glass, oil, gas, cement, steel, chemicals, and thermal oxidizer industries.
Key facts about MTPV
- Founded Year: 2003
- Location: Austin (United States)
- Stage: Deadpooled
- Total Funding till date: $45.2M
- Employee Count: 7 as on Sep 30, 2026
- Investors: Point Financial, Clean Energy Ventures and 14 Others
- Latest Funding Round: Series C, Oct 02, 2018, $*****
5. Niocycle
Key facts about Niocycle
- Founded Year: 2021
- Location: Gebze (Turkey)
- Stage: Seed
- Total Funding till date: $1.1M
- Employee Count: 20 as on May 31, 2026
- Investors: APY Ventures, SABIC Ventures and 1 Other
- Latest Funding Round: Seed, May 24, 2023, $*****
SABIC Ventures' Year-on-Year Investment Trends
SABIC Ventures has invested in 5 companies over the last 8 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Niocycle.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 3 | 0 | 3 |
SABIC Ventures' Investments by Stage
SABIC Ventures has made 2 investments in Seed stage with an average round size of $1.1M, 1 investment in Series A stage, 1 investment in Series B stage with an average round size of $9M and 1 investment in Series C stage with an average round size of $17.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
SABIC Ventures' Investments by Sector
SABIC Ventures has a diverse portfolio, with companies operating in the High Tech, Energy Tech, Energy, Environment Tech and Semiconductors. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Tech companies, 3 Tech hardware companies and 1 company focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 4 |
Energy Tech | 3 |
Energy | 2 |
Environment Tech | 2 |
Semiconductors | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
SABIC Ventures' Investments by Geography
SABIC Ventures has made most investments in United States (2), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 2 |
Canada | 1 |
China | 1 |
Turkey | 1 |
Note: We have considered here, only first round of investments
SABIC Ventures' recent investments
SABIC Ventures has not made any investment in 2026 so far.Here are the most recent investments by SABIC Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 24, 2023 | Turkey | Seed | 7727 | [+1] | |
Nov 26, 2019 | Canada | Seed | 6696 | - | |
Nov 07, 2018 | United States | Series B | 2838 | [+1] | |
Nov 06, 2018 | China | Series A | 8087 | ||
Oct 02, 2018 | United States | Series C | 3254 | [+1] |
Team profile of SABIC Ventures
SABIC Ventures has a team of 5 members located in India. SABIC Ventures' team does not sit on the board of any company as of now.Co-investors of SABIC Ventures
Over the past 8 years, 28 investors have co-invested in SABIC Ventures's portfolio companies. This includes only funds.
- Invested before SABIC Ventures: Fred & Farid Digital Investment Fund, Sustainable Development Technology Canada and 12 others have invested in rounds before SABIC Ventures. There is 1 company where Fred & Farid Digital Investment Fund has invested before SABIC Ventures and 1 company where Sustainable Development Technology Canada has invested before SABIC Ventures.
- Top Co-investors of SABIC Ventures: 6 investors entered a company along with SABIC Ventures. These include investors like Energy Foundry (1 company).
- Invested after SABIC Ventures: A total of 8 investors have invested in SABIC Ventures's portfolio after their investments. Top Investors include SABIC (2 companies), Anzu Partners (1 company) and VectoIQ (1 company).
Recent News related to SABIC Ventures
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Biowish Technologies Finalizes Capital Raising Agreement With Strategic Investor Sabic Agri-nutrients CompanyCalgary Herald•Sep 01, 2022•BiOWiSH, SABIC, SABIC Ventures
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BiOWiSH Technologies and SABIC Agri-Nutrients Company announce bio-enhanced mineral fertilizer collaborationAgroPages•Aug 04, 2022•BiOWiSH, SABIC Agri-Nutrients, SABIC Ventures
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Azumo Raises $30M in FundingFinSMEs•May 11, 2022•Azumo, Anzu Partners, SABIC Ventures, VectoIQ and 3 others
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39 North District Company NewLeaf Symbiotic raises $22 million in Series D financingSt. Louis Economic Development Partnership•Dec 11, 2020•NewLeaf Symbiotics, SABIC Ventures, Koch Agronomic Services, Leaps by Bayer and 6 others
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IMTEX Membranes announces strategic investment by SABIC VenturesChemengonline•Nov 26, 2019•Imtex Membranes, SABIC Ventures, Sustainable Development Technology Canada
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Boston Materials Raises $1.75 Million in FundingClean Energy Ventures•Mar 19, 2019•Boston Materials, Clean Energy Ventures, Clean Energy Venture Group, SABIC and 1 other
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LEx Lighting Raises $9M Series B FundingFinSMEs•Nov 07, 2018•Azumo, FLEx Lighting, Energy Foundry, SABIC Ventures and 1 other
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BASF invests in Prismlab patented large scale 3D printing3D Printing Industry•Nov 06, 2018•Prismlab, BASF, SABIC Ventures
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MTPV Power Corporation Secures $16M in Series C FinancingPRWeb•Oct 02, 2018•MTPV, SABIC Ventures, Lake Bridge Capital, TotalEnergies and 1 other
