Abu Dhabi, Abu Dhabi, 11 Jan 2023, Chainwire
The Venom Foundation, the first Layer 1 blockchain licensed and regulated by Abu Dhabi Global Markets (ADGM), and Iceberg Capital, an investment manager regulated by ADGM, have launched a $1 billion venture fund called Venom Ventures Fund. We are officially announcing that we have partnered to raise (VVF).
The blockchain-agnostic fund invests in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, wealth management, DeFi, banking services, and GameFi. We aim to be a major supporter of the next generation of digital technologies and entrepreneurs.
Venom Ventures Fund (VVF) leverages Iceberg Capital’s network, expertise and capabilities to provide access to incubation programs and extensive industry networks. In addition, we assist investee projects with marketing, exchange listing, technical, legal and regulatory support.
The fund’s leadership team is made up of the world’s most experienced traditional finance and blockchain experts. Among them are Peter Knez, former CIO of BlackRock, and Mustafa Kheriba, a seasoned and renowned investment professional with an impressive track record in the MENA region. Mustafa has served on the boards of several financial services and insurance companies in the Middle East and Europe.
Managed by Iceberg Capital, the fund invests in projects and teams from pre-seed to series A rounds. We strive to accelerate blockchain, DeFi, and Web3 adoption while creating long-term value for our investors.
Mustafa Kyeriba, Executive Chairman of Iceberg Capital said:We are excited to partner with the Venom Foundation to launch a new $1 billion fund. While the blockchain industry is witnessing a sharp price correction, we believe builders will continue to build and innovate.At Venom Ventures, we provide financial, technical and marketing support to the most promising teams and projects in the Web3 space. and help them realize their vision.“
Abu Dhabi Global Markets (ADGM) is an international financial center and free zone that offers market participants a world-class legal and regulatory regime. Established and operated by an ADGM regulated entity, the Venom Ventures Fund (VVF) is transparent and compliant.
Peter Knez, Chairman of Venom Ventures, said: “We are pleased to be part of the launch of our new venture capital fund here in Abu Dhabi. Venom is ready to allocate strategic investments to the most innovative web3 start-ups where it sees significant adoption.Our mission is to transform digital asset management and make a lasting impact on the industry. is the ideal platform to achieve this goal.”
Venom Ventures Fund (VVF) Leads $20M Funding in Nümi Metaverse
The fund made its first investment and led Nümi Metaverse’s $20 million funding round. Nümi Metaverse is a universal platform for creators, innovators and followers. Nümi will launch his 2023 ‘visual novel’. This is a mini-game experience that offers players various special prizes.
Nümi also plans to launch the VR Metaverse by the end of this year, followed by PC and mobile versions in 2024. Investing in Nümi demonstrates the Fund’s investment strategy. A developer and builder working on his innovative Web3 project, Venom Ventures Fund website.
About Iceberg Capital
Iceberg Capital Limited is regulated by the FSRA as a Prudential Category 3C investment manager under ADGM. Iceberg Capital is a fast-growing alternative asset management firm offering a diversified investment management platform including direct investment and private equity, venture capital, technology and virtual assets. Iceberg Capital also offers investment portfolios in domestic and international markets, financial products (equities, ETFs, commodities, derivatives, etc.), securities-only platforms, and traditional asset management services such as blockchain technology.
About the Venom Foundation
Venom is the world’s first regulated blockchain. The decentralized network operates under ADGM’s jurisdiction and is licensed to issue utility tokens. ADGM is an oasis for investors and financial services companies, positioning Venom as the world’s first compliant blockchain, giving authorities and businesses the freedom to build, innovate and scale.
A portfolio of in-house dApps and protocols are being developed on the Venom blockchain by various companies. It now has the potential to be a bridge for CBDC adoption in the Middle East, North Africa, and around the world.
Adam Newton [email protected]