The Abu Dhabi Global Market (ADGM) has created a forward-thinking Capital Markets Framework that, together with its recognized legal and regulatory structures, establishes an attractive setting for fund managers to prosper while upholding global standards.
Klumi Ventures: Trailblazing Web3 Venture Capital in the UAE under ADGM Regulation
Klumi Ventures has obtained a groundbreaking financial license, allowing the company to make investments in digital tokens in addition to equity stakes in nascent Web3 startups. They are commencing with a robust $100 million fund designed specifically for cutting-edge technologies and decentralized markets. In addition, they are preparing a $15 million Qualified Investors Fund aimed at providing pre-seed and seed capital for early-stage Web3 enterprises.
As a pioneering force in the digital asset domain of the United Arab Emirates, Klumi Ventures holds the distinction of being the first Web3 venture capital firm regulated by the Financial Services Regulatory Authority (FSRA) of ADGM. This landmark achievement signals an exciting phase of innovation and investment within the region’s burgeoning digital asset sphere, with Klumi Ventures at the helm of promoting growth and empowerment for Web3 entities.
