Venom Foundation partners with Iceberg Capital launches $1 billion Venom Ventures Fund

The money volition put successful innovative Web3 companies solving real-world problems utilizing blockchain technology.

Venom Foundation, the archetypal Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM-regulated concern manager, officially denote that they person partnered to motorboat a $1 cardinal task money called Venom Ventures Fund (VVF). 

The blockchain-agnostic money volition put successful innovative protocols and Web3 dApps, focusing connected semipermanent trends specified arsenic payments, plus management, DeFi, banking services, and GameFi. It aims to go the starring protagonist of next-generation integer technologies and entrepreneurs.

Venom Ventures Fund (VVF) volition leverage Iceberg Capital’s network, expertise, and capabilities to connection incubation programs and entree to an extended manufacture network. Furthermore, it volition assistance the investee projects with marketing, speech listing, and technical, legal, and regulatory support. 

The fund’s enactment squad consists of immoderate of the world’s astir experienced accepted concern and blockchain professionals; including Peter Knez, ex-CIO astatine BlackRock, and Mustafa Kheriba, a seasoned and well-known concern nonrecreational with an awesome way grounds successful the MENA region. Mustafa has served connected the Board of Directors of respective fiscal services and security companies successful the Middle-east and Europe.

Operated by Iceberg Capital, the money volition beryllium investing successful projects and teams from pre-seed to Series A rounds. It volition strive to accelerate the adoption of blockchain, DeFi, and Web3 portion generating semipermanent worth for investors.

Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said “We are thrilled to spouse with Venom Foundation, launching their caller $1 cardinal fund. Even though the blockchain manufacture is witnessing a steep correction successful prices, we judge that builders volition proceed to physique and innovate. With Venom Ventures, we volition beryllium providing financial, technical, and selling enactment to the astir promising teams and projects successful the Web3 abstraction to assistance them bring their visions to life.”

The Abu Dhabi Global Market (ADGM) is an planetary fiscal halfway and escaped portion that provides marketplace participants with a world-class ineligible strategy and regulatory regime. Established and operated by ADGM-regulated entities, Venom Ventures Fund (VVF) volition beryllium transparent and volition adhere to the regulations. 

Peter Knez, Chairman of Venom Ventures, said, “I americium delighted to beryllium a portion of the motorboat of our caller Venture Capital money present successful Abu Dhabi. I americium excited to enactment with a squad of experienced concern professionals and talented radical from the crypto industry, and we are acceptable to allocate strategical investments successful the astir innovative web3 start-ups that are poised for wide adoption. Our ngo is to alteration integer plus absorption and marque a lasting interaction connected the industry. Venom is the perfect level for america to execute this goal.”

Venom Ventures Fund (VVF) leads the $20 cardinal backing successful Nümi Metaverse

The money has made its archetypal investment, starring Nümi Metaverse’s $20 cardinal backing round. Nümi Metaverse is simply a cosmopolitan level for creators, innovators, and followers. Nümi volition motorboat its ‘Visual Novel’ successful 2023, a mini-game acquisition with a scope of peculiar prizes for players.

Nümi volition besides motorboat VR metaverse by the extremity of this year, followed by a PC and mobile mentation successful 2024. The Nümi concern showcases the fund’s concern strategy. Developers and builders moving connected innovative Web3 projects are invited to use for backing done the Venom Ventures Fund website.

About Iceberg Capital

Iceberg Capital Limited is regulated by FSRA arsenic a Prudential Category 3C concern manager based successful ADGM. Iceberg Capital is simply a fast-growing alternate plus absorption institution that provides diversified concern absorption platforms that see nonstop and backstage equity, task capital, technology, and virtual assets. Iceberg Capital besides offers accepted plus absorption services specified arsenic concern portfolios successful section and planetary markets, fiscal instruments (equities, ETFs, commodities, derivatives, etc), arsenic good arsenic specialized platforms for securities, and blockchain technology.

For much accusation astir Iceberg Capital, visit: http://www.icebergcapital.ae

About Venom Foundation

Venom is the world’s archetypal regulated blockchain. The decentralized web operates nether the jurisdiction of the ADGM, with a licence to contented inferior tokens. The ADGM is an oasis for investors and fiscal services firms, positioning Venom arsenic the world’s archetypal compliant blockchain, affording authorities and enterprises the state to build, innovate, and scale.

A portfolio of in-house dApps and protocols has been developed connected the Venom blockchain by assorted companies. It present harbors the imaginable to go a span for the adoption of CBDCs successful the Middle East, North Africa, and worldwide.

For media inquiries, delight contact: Adam Newton, astatine pr@venom.ventures   

For much accusation astir Venom Ventures, visit: http://www.venom.ventures

For much accusation astir Venom Foundation, visit: http://www.venom.foundation

Disclaimer: This is simply a paid station and should not beryllium treated arsenic news/advice.