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NEOM Investment Fund (NIF) functions as NEOM's strategic investment arm, driving economic growth by developing new commercial ventures. The fund actively supports innovative ideas and strategic technologies, aiming to create future global industry leaders. Its diverse strategy involves joint ventures, venture capital, and investment attraction, building a vibrant ecosystem of pioneering companies.
The fund officially launched on October 24, 2023, as an integral part of the overarching NEOM project. Its foundation emerged from the insight that focused investment is crucial for transforming NEOM's ambitious concepts into tangible commercial successes. Majid Mufti, CEO, leads NIF’s mandate to accelerate technologies essential for NEOM’s development.
NIF collaborates with innovative companies and entrepreneurs solving global problems. The fund envisions an economy brimming with opportunities, enabling novel concepts to be piloted, scaled, and emerge as global champions across NEOM's fifteen knowledge-economy sectors. Its ultimate vision is to redefine business, enhance livability, and advance conservation.
NEOM Investment Fund has 1 tracked investment across 1 company. The latest tracked deal is $116.0M Series C in ZeroAvia in November 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 27, 2023 | ZeroAvia | $116.0M Series C | Barclays, Airbus, Neom Investment Fund | Alaska Airlines, Amazon, AP Ventures, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Horizons Ventures, Summa Equity |
