Venom Foundation

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Venom is a multi-blockchain network serving as the basis for scalable Web3 applications in the DeFi and Global Payments markets.

Use: R&D; Go2Market;
Date closing: -
Amount: -
Industry focus: Others;
Total budget: 1B €
Entity type: Venture Capital
Vertical focus: web3, blockchain
Website: https://venom.foundation/

Status:
Open
Funding type: Equity investment;
Geographic focus: Africa; Middle East;
Public/Private: Private
Stage focus: pre-seed; Seed; Series A;
Applicant target: Startup;

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Overview

Venom is a blockchain platform designed to serve the needs of the Middle East, North Africa, and other emerging economies around the world. The network provides a strong foundation for central bank digital currencies (CBDCs) and Web 3.0 applications.

The Venom blockchain offers scalable solutions for transactions through its sharding protocol and allows for future economic scalability by enabling the running of community-built subchains. This open and transparent ecosystem welcomes participation from all members.

This January 2023 Venom Foundation And Iceberg Capital have launched $1B Web3 Venture Fund. The fund will invest in protocols and Web3 decentralized applications, concentrating on areas such as payments, asset management, DeFi, banking services and gaming. The fund will be investing in projects and teams from pre-seed to Series A rounds.

Last updated on 2023-01-16 13:14