$1B Venom Ventures Fund Launched to Support Blockchain & Web3 Ecosystem

• Venom Foundation and Iceberg Capital have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).
• The blockchain-agnostic fund will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi.
• The fund’s leadership team consists of some of the world’s most experienced traditional finance and blockchain professionals; including Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with an impressive track record in the MENA region.

The Abu Dhabi Global Market (ADGM) has announced a new partnership between the Venom Foundation and Iceberg Capital to launch a venture fund called Venom Ventures Fund (VVF). The fund will be one of the first blockchain-agnostic funds with a focus on investing in innovative protocols and Web3 dApps, with a total value of $1 billion.

The VVF is dedicated to supporting the development of the next-generation of digital technologies and entrepreneurs. It will focus on long-term trends such as payments, asset management, DeFi, banking services, and GameFi. Furthermore, the fund will provide incubation programs and access to a vast industry network, as well as marketing, exchange listing, technical, legal and regulatory support.

The VVF is led by a team of experienced traditional finance and blockchain professionals. This team includes Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with a successful track record in the MENA region.

The Venom Foundation is the first Layer-1 blockchain licensed and regulated by the ADGM. Its purpose is to provide a secure and transparent platform for the development of digital applications.

The Iceberg Capital, on the other hand, is a regulated investment manager, providing professional services for portfolio management, investment structuring, and corporate finance. This partnership between the Venom Foundation and Iceberg Capital creates a unique opportunity to capitalize on the potential of the blockchain and Web3 dApps.

The VVF is expected to have a significant impact on the blockchain and Web3 space, helping build strong foundations for the next generation of digital technologies and entrepreneurs. With its focus on long-term trends, the fund is set to become the leading supporter of the blockchain and Web3 ecosystem.