Company Research Report: Prosperity7 Ventures

Company Overview

Name: Prosperity7 Ventures

Mission: Prosperity7 Ventures invests globally with a long-term view to support the development of next-generation technologies and business models. They back exceptional entrepreneurs to build transformative companies and address some of the world’s toughest problems.

Founded: 2020

Parent Company: Aramco Ventures, a subsidiary of Aramco.

Key People: Specific individuals are not mentioned in the provided data.

Headquarters: Dhahran, Saudi Arabia

Number of Employees: No information is available.

Revenue: No information is available.

What the Company is Known For: Prosperity7 is known for being a $3 billion diversified growth fund that provides venture funding with a focus on international scalability and impact. They leverage deep knowledge and a wide network across industries including Enterprise Tech, Fintech, AI, MedTech, and more.

Products and Services

Products Offered

Prosperity7 Ventures is a venture capital fund and does not offer traditional products like a manufacturing or tech company might. Instead, it offers investment products and services, focusing on venture capital funding and partnerships.

High-Level Description

Prosperity7 invests primarily in startups across various sectors to support and accelerate their growth toward achieving international reach and impact. They have a broad investment strategy involving deep tech, robotics/AI, medtech/biotech, mobility, security tech, fintech, e-commerce, cloud computing, and food tech.

Key Features

Venture Capital Funding: Prosperity7 provides financial backing to startups for scaling operations, entering new markets, and achieving global reach.

Strategic Partnerships and Mentorship: They employ a partnership and mentorship model to support entrepreneurs beyond financial assistance, linking them to a global network of market experts and venture capital firms.

Recent Developments

Program Expansion

On January 17, 2024, Prosperity7 announced the expansion of its program from USD 1 billion to USD 3 billion. This expansion aims to support the growth of innovative companies with disruptive technologies worldwide.

Recent Investments

Full-Life Technologies: On January 4, 2024, Prosperity7 jointly led a USD 47.3 million Series B financing round for Full-Life Technologies to enhance the company's radiopharmaceutical pipeline.

Cispoly: In December 2023, Prosperity7 invested in Cispoly, a high-tech enterprise focused on women’s health and biotechnology innovations.

Pragmatic Semiconductor: On April 19, 2023, Prosperity7 was involved in a £182 million ($231 million) investment led by M&G and the UK Infrastructure Bank.

Cequence Security: September 2022 saw an investment in Cequence Security, enhancing cybersecurity innovations.

New Partnerships and Strategic Moves

Prosperity7 is not only expanding its financial base but also deepening its connections across local and international spheres with offices in Dhahran, Beijing, Shanghai, New York City, and San Francisco to support startups with local knowledge and connections.

Conclusion

This report highlights Prosperity7 Ventures' strategic focus on supporting transformative technologies through substantial investment and strong global partnerships, further reinforcing its position as a leading diversified growth fund under the arm of Aramco Ventures. The company's expansion and ongoing investments demonstrate its commitment to addressing global challenges through innovative solutions powered by next-generation technologies.