Sumitomo Corporation

Sumitomo Corporation is a Japanese integrated general trading company (sogo shosha) founded in 1919, operating across steel, automotive, transportation, urban development, digital/AI, mineral resources, energy and lifestyle business groups through more than 130 offices in 66-plus countries; it is led by President and CEO Shingo Ueno. Its venture investing is carried out through corporate venture arms including Presidio Ventures (its US-based CVC unit) and Sumisho Venture Partners (established 2022). In January 2025 the firm made its first GCC startup investment, co-backing Saudi Arabia-based Zension Technologies' $30 million Series A alongside Saudi Aramco's Wa'ed Ventures.

Founded

—

GCC relevance

International, Active in GCC

How to reach out

See official website

Recent activity: Co-backed Riyadh-based circular-economy/consumer-electronics-subscription startup Zension Technologies' $30 million Series A, announced January 2025 — Sumitomo's first investment in the GCC. · source