• Venom Foundation and Iceberg Capital have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).
• The fund’s leadership team consists of some of the world’s most experienced traditional finance and blockchain professionals.
• The fund will provide incubation programs, access to an extensive industry network, marketing, exchange listing, technical, legal, and regulatory support for investee projects.
The Abu Dhabi Global Market (ADGM) licensed and regulated blockchain, Venom Foundation, and ADGM regulated investment manager Iceberg Capital have come together to launch a $1 billion venture fund, 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. It aims to become the leading supporter of the next-generation digital technologies and entrepreneurs.
The fund will be operated by Iceberg Capital and 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. To ensure the success of the fund, it will have access to highly experienced professionals in the traditional finance and blockchain space. The fund’s leadership team consists of 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.
VVF will leverage Iceberg Capital’s network, expertise, and capabilities to provide incubation programs and access to an extensive industry network. Furthermore, it will assist the investee projects with marketing, exchange listing, technical, legal, and regulatory support. Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said „We are thrilled to be launching the Venom Ventures Fund and partnering with the Venom Foundation. We are confident that, together, we will be able to identify and invest in the most promising blockchain-based projects, and spur the next wave of innovation.“
The Venom Ventures Fund is expected to play a pivotal role in the development and adoption of blockchain technology and DeFi, while offering investors a chance to participate in the lucrative venture space. It will also contribute to the growth and diversification of the Abu Dhabi economy, as well as the wider MENA region.