{"id":95116,"date":"2025-03-10T00:00:00","date_gmt":"2025-03-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/"},"modified":"2025-03-10T00:00:00","modified_gmt":"2025-03-10T00:00:00","slug":"aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/10\/aramco-ventures-leads-usd-30-mn-series-a-round-for-us-based-spiritus\/","title":{"rendered":"Aramco Ventures leads USD 30 mn Series A round for US-based Spiritus"},"content":{"rendered":"

<\/strong>Aramco\u2019s global venture arm Aramco Ventures led a USD 30 mn Series A fundin<\/strong>g round <\/strong>for US-based climate-tech startup <\/strong>Spiritus<\/a><\/strong>, according to a press release<\/a>. California VC firms Khosla Ventures<\/a> and TDK Ventures<\/a>, along with Tokyo\u2019s Mitsubishi Heavy Industries America<\/a> also participated in the round.<\/p>\n

Where will the money go?<\/strong> The funds will be used to scale up Spirtius\u2019 direct capture technology by accelerating its three major carbon capture facilities.<\/p>\n

Not Aramco\u2019s first rodeo with Spiritus:<\/strong> Aramco inked an MoU<\/a> in May of last year with Spiritus to explore potential investments in direct air capture to help address challenges related to the implementation of the technology due to its high costs.<\/p>\n

ICYMI- Aramco Ventures is making significant investments in climate tech:<\/strong> Aramco Ventures participated<\/a> in US-based CarbonCapture\u2019s USD 80 mn Series A funding round in May 2024. Additionally, it invested USD 10 mn<\/a> in Singapore-based renewable energy certificate service provider Redex back in November 2023, and backed new technology from American start-up Rondo Energy earlier in August 2023<\/a>.<\/p>\n

\n

IN OTHER STARTUP NEWS-<\/p>\n

Hom<\/strong>egrown prop-tech startup <\/strong>Ajras<\/a><\/strong> raised USD 1.5 mn in a pre-Series A round led <\/strong>by Riyadh-based incubator Veda Holding<\/a>, according to Waya Media<\/a>. No further information was disclosed.<\/p>\n

About Ajras:<\/strong> Founded in 2022 by Muath Aljubailan (LinkedIn<\/a>), the company operates as an intermediary between property owners and tenants, providing flexible solutions to businesses and individuals, with a focus on monthly rental payments instead of traditional annual or semi-annual leases.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Ajras secures USD 1.5 mn in a pre-Series A round<\/p>\n","protected":false},"author":1,"featured_media":95117,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2556],"tags":[1466,10,2027,179],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-aramco-ventures","tag-enterpriseam-ksa","tag-spiritus","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"e01290d0-36b0-4219-a329-c7eac56b319c","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/690.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aramco Ventures leads USD 30 mn Series A round for US-based Spiritus","related_issue":[95104],"teaser":"PLUS: Ajras secures USD 1.5 mn in a pre-Series A round","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.73ad2ef3-80fb-4a52-aa2b-b01c5f782d0b.mp3"},"yoast_head":"\nAramco Ventures leads USD 30 mn Series A round for US-based Spiritus - 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