$1 billion fund launched by Abu Dhabi-based Venom Ventures Fund aims to invest in Web3, blockchain and crypto firms.
Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital announced they will allocate $1 billion of funding to Web3 and blockchain firms through a new partnership.
The fund is a partnership between layer-1 blockchain solution, Venom Foundation and Abu Dhabi Global Market investment management firm, Iceberg Capital. The latter will look to leverage its existing network to offer incubation programs and industry connections as well as marketing, exchange listing and technical, legal and regulatory support.Iceberg Capital will manage the fund, investing in projects and companies through pre-seed and Series A funding rounds.
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