The investment fund NEOM, led by the Saudi Crown Prince, has completed a new round of investment in companies such as Animoca Brands

2023-10-25 17:04:01

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ChainCatcher news, NEOM Tech & Digital, a technology subsidiary of the "Neom" city construction project led by Saudi Crown Prince Mohammed bin Salman, announced the establishment of the NEOM Investment Fund (NIF) to support the construction and development of 14 priority areas in NEOM. NIF will invest in technology startups globally through mergers and acquisitions and venture capital, focusing on pioneering growth companies and next-generation industries. NIF will also establish joint ventures and partnerships with large multinational companies, institutional investors, and innovators within NEOM. As part of its establishment, NIF announced a new round of investments in companies such as Pony.ai, Regent, Boom Technology, BlueNalu, and Animoca Brands.

In addition, Open Campus posted on social media stating, "Middle East Web3 education will collaborate with the NEOM Investment Fund for a major event," with specific details yet to be announced.

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Animoca Brands Web3 game development and venture capital company