Venom Foundation and Iceberg Capital Partnered to Launch $1 Billion Venture Fund

Layer 1 blockchain firm Venom Foundation and Iceberg Capital have partnered to launch a $1 billion venture fund Venom Ventures Fund (VVF).

The fund will invest in pre-seed to Series A rounds for Web3 protocols and dApps that focus on trends like payments, asset management, DeFi, banking services and GameFi.

“Through the provision of our accelerator programs, grants and targeted capital injections, VVF will provide the support and resources required to help its portfolio companies,” leadership team member Knez said.