Neo City Invest Launches 100M SAR Innovation Fund
Announcing our new fund dedicated to accelerating smart city and urban innovation startups in Saudi Arabia.
We’re excited to announce the launch of our 100M SAR Innovation Fund, dedicated to investing in early-stage startups transforming how we build and live in cities.
About the Fund
The Neo City Invest Innovation Fund will focus on:
- Smart City Technologies: IoT, sensors, and platforms that make cities smarter
- Sustainable Infrastructure: Clean energy, water management, and green building tech
- Urban Mobility: Transportation, logistics, and last-mile solutions
- PropTech: Technologies transforming real estate and construction
Investment Approach
We will invest in startups at the pre-seed to Series A stages:
| Stage | Investment Size | Equity |
|---|---|---|
| Pre-seed | 100K - 300K SAR | 5-8% |
| Seed | 300K - 1M SAR | 8-12% |
| Series A | 1M - 5M SAR | Varies |
What Sets Us Apart
Unlike traditional VCs, we offer more than capital:
- Accelerator Access: All portfolio companies can participate in our flagship program
- Government Connections: Direct introductions to relevant Saudi government entities
- Pilot Opportunities: Access to our network of contractors and developers
- Follow-on Support: Reserved capital for follow-on investments in top performers
Our LPs
The fund is backed by a diverse group of limited partners including:
- Saudi family offices
- Corporate strategic investors
- Government-affiliated investment entities
- International institutional investors
How to Apply
Startups interested in funding can:
- Apply through our Flagship Program for accelerator + investment
- Reach out directly for standalone investment at invest@neocityinvest.com
We’re particularly interested in startups that:
- Have a working prototype or MVP
- Are led by strong, committed founding teams
- Address real problems in urban innovation
- Have potential for regional or global scale
Looking Forward
This fund represents our deepened commitment to Saudi Arabia’s innovation ecosystem. As the Kingdom accelerates its Vision 2030 goals, we believe technology startups will play a crucial role in building the cities of tomorrow.
We’re excited to partner with the next generation of founders shaping this future.
Have a startup in our focus areas? Get in touch to discuss opportunities.