– Venom Foundation and Iceberg Capital have launched a $1 billion Venom Ventures Fund.
– The blockchain-agnostic fund will invest in innovative protocols and Web3 dApps.
– The fund’s leadership team includes Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional.
The Venom Foundation and Iceberg Capital, two Abu Dhabi Global Market (ADGM) regulated entities, have announced the launch of a $1 billion venture fund called Venom Ventures Fund (VVF). This blockchain-agnostic fund will focus on long-term trends such as payments, asset management, DeFi, banking services, and GameFi, aiming to become the leading supporter of the next-generation digital technologies and entrepreneurs.
Operated by Iceberg Capital, the fund will be investing in projects and teams from pre-seed to Series A rounds, striving to accelerate the adoption of blockchain, DeFi, and Web3 while generating long-term value for investors. Iceberg Capital will be leveraging its network, expertise, and capabilities to offer 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.
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.
Mustafa Kheriba, the Executive Chairman of Iceberg Capital, stated “We are thrilled to be launching VVF with the Venom Foundation. We believe that the fund will be instrumental in bringing the most innovative projects and teams to the blockchain space and assist them in achieving their goals. We are looking forward to working with the most promising protocols, dApps, and projects in the industry and helping them become successful.”
Cedric Jeanson, the CEO of Venom Foundation, added “We are excited to launch Venom Ventures Fund in partnership with Iceberg Capital. This venture fund will enable us to bring high-quality projects and technologies to the blockchain space and enable their long-term success. We believe that this will be a great opportunity for both investors and projects to benefit from the latest technologies and achieve their goals.”
The Venom Ventures Fund is the latest initiative by the Venom Foundation and Iceberg Capital to bring the latest technologies and projects to the blockchain space. With the launch of this venture fund, the two entities will be paving the way for the future of the blockchain industry and providing valuable support to the most promising projects.