NEOM Investment Fund
The Public Investment Fund Tower, King Abdullah Financial District (KAFD) 1.16, Al Aqiq District, Riyadh, Ar Riyad, 13519, Saudi Arabia
Overview
NEOM Investment Fund, a strategic investment arm of NEOM, supports the buildout and development of NEOM’s priority sectors and delivers long-term value while enabling the creation of jobs. The fund invests globally through mergers and acquisitions and venture capital in technology startups, with a clear focus on pioneering growth companies and next-generation industries. It also develops joint ventures and partnerships with large multinationals, institutional investors, and innovators within NEOM.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Impact Investing
Investment portfolio
- ZeroAvia
Led · Series C · Nov 2023
ZeroAvia is an Everett-based sustainable aviation startup building hydrogen-electric airplane engines designed to eliminate carbon emissions from regional flight. The company’s core product replaces conventional jet fuel propulsion with hydrogen fuel cell powertrains. Its engineering roadmap focuses on certifying these engines for commercial use in small regional aircraft. ZeroAvia continues to refine its technology through ground and flight testing programs. The startup recently secured additional capital to support these efforts. Management stated that the new funds will extend the firm’s operating runway for roughly two years, underscoring the importance of continued investment as it advances toward commercialization.
Team
No current team members are available.