• 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 experienced traditional finance and blockchain professionals, such as Peter Knez, ex-CIO at BlackRock, and Mustafa Kheriba, a seasoned and well-known investment professional.
The Abu Dhabi Global Market (ADGM) licensed and regulated Layer-1 blockchain, Venom Foundation, has partnered with ADGM regulated investment manager, Iceberg Capital, to launch a $1 billion venture fund called Venom Ventures Fund (VVF). The fund is blockchain-agnostic and will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi.
VVF is aiming to become the leading supporter of the next-generation digital technologies and entrepreneurs, and will leverage Iceberg Capital’s network, expertise, and capabilities to offer incubation programs and access to an extensive industry network. It will also assist the investee projects with marketing, exchange listing, technical, legal, and regulatory support.
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. Mustafa has served on the Board of Directors of several financial services and insurance companies in the Middle-east and Europe.
Operated by Iceberg Capital, the fund will be investing in projects and teams from pre-seed to Series A rounds. It will strive to accelerate the adoption of blockchain, DeFi, and Web3 while generating long-term value for investors.
Mustafa Kheriba, the Executive Chairman of Iceberg Capital, expressed his enthusiasm for the partnership, saying „We are thrilled to partner with Venom Foundation and launch this venture fund. We believe that VVF will be instrumental in supporting the growth and adoption of innovative protocols and dApps, and the blockchain industry. We look forward to working with the most promising entrepreneurs in the space and helping them scale their businesses and achieve success.“
The Venom Ventures Fund is set to be a major player in the blockchain and decentralized finance space, and its launch is a major milestone in the development of the industry. With this partnership, Venom Foundation and Iceberg Capital are making a commitment to supporting innovative projects and entrepreneurs, while creating long-term value for investors.