The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia, founded in 1971 and headquartered in Riyadh. As one of the world's largest sovereign wealth funds with approximately $913 billion in assets under management as of end-2024, PIF serves as a key driver of Saudi Vision 2030, investing across diverse sectors including technology, gaming, sports, tourism, and infrastructure both domestically and internationally.
They made 1 investment in the last 12 months. Average disclosed round size is $1244.6M (across 20 rounds with reported amounts).
Portfolio
18
Fund Size
$913B
Top Stage
Growth
Last 12 Mo
1
Team
Martin Ngombwa
Private Equity Director
Marwan Bouez
Senior Director
Daniel Grice
Senior Vice President, Head of Regional Investments
Lawrence N.
Direct Investments
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
| FFlyAkeed | Growth | $25.2M | Sep 2026 |
 Pony.ai | Series D | $100M | Oct 2023 |
 Kakao Entertainment | Growth | $966M | Jan 2023 |
 Volocopter | Series E | $182M | Nov 2022 |
 Lucid Motors | Series D | $1B | Jul 2021 |
| PProfessional Fighters League | Series D | $50M | Jan 2020 |
| BBabylon Healthcare Services Ltd. | Growth | — | Aug 2019 |
 Babylon | Series C | $550M | Aug 2019 |
| PProfessional Fighters League | Series C | $50M | Jan 2019 |
 Magic Leap | Unknown | $461M | Mar 2018 |
| PProfessional Fighters League | Series B | $28M | Jan 2018 |
| Babylon | Series C | $60M | Apr 2017 |
| Babylon | Growth | $230M | Jan 2017 |
 Babylon | Series C | $550M | Jan 2017 |
 Uber | Growth | $3.5B | Jun 2016 |
| Babylon | Series A | $25M | Jan 2016 |
| HHuman Horizons Group Inc. | Unknown | — | — |
 Depa | Unknown | — | — |
| NNoon.com | Unknown | $2B | — |
| TThe Saudi National Bank (SNB) | Unknown | $1.3B | — |
| GGulf International Bank | Unknown | $1.5B | — |
| AAramco | Ipo | $12.3B | — |
 KINGS LEAGUE | Growth | $15M | — |
Top Co-Investors
Last updated: 20 October 2026