Riyadh - Sharikat Mubasher: Wa’ed Ventures, Aramco’s venture capital fund, led a $5 million series A funding round for Excess Materials Exchange (EME), a leading provider of waste management and high-impact circular solutions based in the Netherlands, the fund announced in a statement today.

This investment will enable EME to localize its technologies in Saudi Arabia and expand into new markets across the region.

Through this partnership, EME will accelerate its mission to promote sustainable solutions in global markets, in line with the shared commitment of both parties to sustainable development and resource efficiency.

Anas Algahtani, Acting CEO and Managing Director of Wa’ed Ventures, emphasized the importance of supporting startups that provide effective solutions to shape the future of sustainable infrastructure.

He noted that EME’s solutions serve as a catalyst for promoting sustainable practices among companies.

On his part, Christian van Maaren, Founder and CEO of EME, stated that the collaboration with Wa’ed Ventures accelerates the company’s expansion in the region.

He further affirmed the company’s commitment to helping startups launch high-impact solutions and directly integrate sustainable principles into their operations.

EME is an online and facilitated marketplace where companies can exchange any excess material B2B. It actively matches supply and demand and materials with their highest reuse opportunities. It aims to create a reliable source of secondary materials, ranging from steel plates to textile fibers.