$1B Venom Ventures Fund Launched to Accelerate Blockchain Adoption

• Venom Foundation and Iceberg Capital have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).
• The 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 will leverage Iceberg Capital’s network, expertise, and capabilities to offer incubation programs and access to an extensive industry network.

The Venom Foundation and Iceberg Capital are proud to announce their partnership in the launch of a $1 billion venture fund, titled the Venom Ventures Fund (VVF). This fund, which is blockchain-agnostic, will invest in innovative protocols and Web3 dApps, so that it can focus on the long-term trends and opportunities in the digital space, such as payments, asset management, DeFi, banking services, and GameFi.

The VVF will be operated by Iceberg Capital and will provide pre-seed to Series A rounds of investments. It will leverage Iceberg Capital’s expansive network, expertise, and capabilities to offer incubation programs and access to an extensive industry network. Furthermore, the fund will assist the investee projects with marketing, exchange listing, technical, legal, and regulatory support.

The leadership team of the VVF is made up of some of the most experienced traditional finance and blockchain professionals in the world. These include Peter Knez, the former CIO at BlackRock, and Mustafa Kheriba, an investment professional with an impressive track record in the MENA region. Among other accomplishments, Mustafa has served on the Board of Directors of several financial services and insurance companies in the Middle-east and Europe.

The primary goal of VVF is to accelerate the adoption of blockchain, DeFi, and Web3 while also generating long-term value for investors. Mustafa Kheriba, the Executive Chairman of Iceberg Capital, commented on the launch of the fund, saying „We are thrilled to partner with Venom Foundation on this venture. We believe that the combination of traditional finance expertise along with blockchain know-how will provide the perfect platform to invest in the most promising projects and teams in the digital space.“

The launch of the Venom Ventures Fund marks an important milestone in the digital asset industry, and it is expected to provide investors with an opportunity to benefit from the long-term trends in the blockchain space.