Klumi Ventures: Pioneering Web3 Venture Capital in UAE with ADGM Regulation, Boosting Crypto Market (BTC, ETH)

• Klumi Ventures has become the first Web3 venture capital firm in the UAE to be regulated by the Abu Dhabi Global Market (ADGM).
• The firm has announced the launch of two specialized funds worth $115 million, aimed at investing in early-stage Web3 startups and emerging technologies.
• The move marks a significant milestone in the UAE’s digital asset landscape, positioning Abu Dhabi as a leading global city in the digital asset space.

Klumi Ventures, a pioneering Web3 venture capital firm in the UAE, has received regulatory approval from the Abu Dhabi Global Market, marking a significant milestone in the region’s digital asset ecosystem.

ADGM Regulates UAE’s First Web3 Venture Capital Firm

Klumi Ventures has proudly announced its achievement as the first Web3 venture capital firm in the UAE to be regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This development heralds a new era of innovation and investment opportunities in the region’s digital asset ecosystem, as Klumi Ventures leads the charge in fostering growth and empowerment in the Web3 sector.

Launch of Specialized Funds

Klumi Ventures is launching two specialized funds. The first, a $15 Million Qualified Investors Fund, is slated for pre-seed and seed investments, providing early-stage Web3 startups with crucial capital and support to realize their vision and scale their operations effectively. The flagship $100 Million fund is tailored to emerging technologies and decentralized sectors, further cementing Klumi’s commitment to driving innovation in the Web3 space.

Abu Dhabi: A Global Leader in Digital Assets

With ADGM’s support and the dynamic ecosystem in Abu Dhabi, Klumi Ventures is poised to unlock new avenues of growth and opportunity for Web3 startups. Kristiina Lumeste, Senior Executive Officer of Klumi Ventures, highlighted Abu Dhabi’s status as a global leading city and the ‘Capital of Capital’, presenting unparalleled opportunities for growth and innovation in the digital asset space.

Conclusion

This development marks a significant milestone in the UAE’s digital asset landscape, positioning Abu Dhabi as a leading global city in the digital asset space. As the first Web3 venture capital firm in the UAE to be regulated by ADGM, Klumi Ventures is set to play a pivotal role in shaping the future of Web3 investment and entrepreneurship in the Middle East and beyond.