Roots Ventures get new assistance in its goal of investing in a sustainable future. When Wa’ed Ventures invests in roots ventures to boost Root Ventures- this means a boost to sustainable business. 

Saudi Based Root Ventures is a technology-based venture investor that focuses on changing the way of business functions so they can be more adaptable to tackle environmental crises. To aid in the Goal of a Sustainable Future, Wa’ed Ventures invest in Roots Ventures and Revival Lab, to help develop Roots Ventures. 

When Aramco’s investment wing Wa’ed Ventures invests in Roots Ventures and ties hands with the emerging venture builder- Root Ventures, this would be in agreement with Saudi’s need for fast development and launching of new products with the help of highly acclaimed project teams and experience. This will help new entrepreneurs to reach their full potential to grow their businesses in the market. 

As Partner and CEO of Revival Lab Mohammed Almaghlouth said “Venture builders do not just co-build startups. They also help less-experienced entrepreneurs to growth-hack and scale their businesses into new markets. This has never been more relevant to any sector in Saudi Arabia than sustainability with the country’s great ambitions toward playing a leading role in sustainability on a global level. Hence comes the strategic mandate of Roots Ventures”.

Root Ventures believes in supporting sustainability-driven entrepreneurship during its early age. When innovation and sustainability come together Root Ventures can be the catalyst to help bring the idea to reality. The investment motto of Root Venture is to be a part of Saudi’s growing venture-building culture to empower business models that can deliver positive impacts to the ecosystems, entrepreneurs and the growth of the region.

Scalable business models can help solve the environmental crises the globe is facing due to mismanagement of resources, and traditional ways of operations, this problem can be solved by the right collaboration. As the world’s most profitable company’s investment wing Wa’ed Ventures with a $500 million venture capital fund with the aim to invest in tech-based startups like Root Ventures this could be achieved.

 Fahad Alidi, Managing Director and CEO of Wa’ed Ventures said “Saudi VCs realise today the critical and crucial role to play in achieving such ambitious objectives, where sustainability-driven entrepreneurship and early-stage investing activities are key to building a better tomorrow for the Kingdom and the globe.” He continued “ our strategic investment in Roots Ventures is driven by our mandate to build national champions across emerging sectors in Saudi Arabia while enhancing the Kingdomʼs venture investment ecosystem with impact at the core.”

Root Ventures established in 2021 is ambitious in its goal of making big difference “We are confident in achieving an ambitious vision and mandate with the support of our founding partners (Wa’ed Ventures and Revival Lab), and our local and global strategic partners and enablers. It’s a collective endeavour and we all believe in the power of collaboration to make this a reality.” Said Ahamd Alsaidlani, Founder and CEO of Roots Ventures. “Each new venture in Roots Ventures portfolio will be developed through a shark-tank approach, where only the most impactful and scalable ventures are built within our collaborative ecosystem.”

Source: Wamda.com