Fund image

Venom Foundation

Venom Foundation

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;

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

Venom Foundation FAQ

0 questions

Featured Funds

Fund image

Almi Invest

  • Usage: Go2Market;
  • Entity type: Venture Capital
  • Total: 340M €
  • Funding type: Equity investment;
  • Status: Open
  • Geographic focus: Sweden;
  • 0 reviews 0 questions
Fund image

Industrifonden

  • Usage: Go2Market;
  • Entity type: Venture Capital
  • Total: 600M €
  • Funding type: Loan;
  • Status: Open
  • Geographic focus: Nordics;
  • 0 reviews 0 questions
Fund image

EQT Ventures

  • Usage: Go2Market;
  • Entity type: Family Office
  • Funding type: Loan;
  • Status: Open
  • 0 reviews 0 questions