Saudi NEOM Investment Fund (NIF) has completed a new round of investment in companies such as Animoca Brands.

BlockBeats News, on October 25th, NEOM, chaired by Saudi Crown Prince Mohammed bin Salman, announced the establishment of its strategic investment arm, NEOM Investment Fund (NIF), to support the construction and development of NEOM's 14 priority areas. NIF will invest in technology startups worldwide through mergers and acquisitions and venture capital, with a focus 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.