The National Wealth Fund is a UK state-backed institution that supports ambitious businesses in critical industries to strengthen sovereign capability.
Portfolio
2
companies
Oxa
Oxa builds autonomous vehicle software and fleet management systems for industrial logistics.
Rowden
Rowden builds mission-critical sensing and networking systems for defence and security.
Oliver Holbourn
CEO
The National Wealth Fund backed the Bristol-based engineering firm in its first direct investment focused on national security.
"Rowden was founded on the belief that the UK can build world-class engineering companies that strengthen national resilience and economic growth. We partnered with the National Wealth Fund because of its long-term commitment to supporting ambitious UK businesses in critical industries and strengthening sovereign capability,"
The round was backed by the UK National Wealth Fund, NVentures, IP Group, Hostplus, and bp Ventures.
