TechFlow reports that NEOM Tech & Digital, the technology subsidiary of NEOM—a futuristic city project led by Saudi Arabia's Crown Prince—has announced the launch of the NEOM Investment Fund (NIF), aimed at supporting the development of 14 key sectors within NEOM.
NIF will focus on pioneering growth-stage companies and next-generation industries through mergers and acquisitions as well as venture capital investments, targeting technology startups worldwide.
In addition, NIF will establish joint ventures and partnerships with major multinational corporations, institutional investors, and innovators within NEOM.
NIF also announced new investment rounds in Pony.ai, Regent, Boom Technology, BlueNalu, and Animoca Brands.
Notably, a collaboration between Middle East Web3 Education and NEOM Investment Fund is underway, with specific details to be revealed later.
