{"id":91219,"date":"2024-04-23T00:00:00","date_gmt":"2024-04-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/"},"modified":"2024-04-23T00:00:00","modified_gmt":"2024-04-23T00:00:00","slug":"klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/","title":{"rendered":"Klumi Ventures becomes first Web3 VC to receive ADGM license"},"content":{"rendered":"

AGDM licenses first Web3 VC:<\/strong> Abu Dhabi-based blockchain venture capital firm <\/a>Klumi Ventures<\/a> has become the first Web3 venture capital firm to be regulated by the Abu Dhabi Global Market (ADGM) after receiving a license from ADGM\u2019s regulator, the Financial Services Regulatory Authority (FSRA), the firm said in a press release<\/a>. The license allows Klumi to invest in tokens and equity investments in early stage Web3 startups. <\/p>\n

Background:<\/strong> Klumi Ventures received in-principle approval from ADGM last year, the firm\u2019s COO Manal Rifki said in an interview at Future Blockchain Summit last October (watch, runtime, 6:03<\/a>). <\/p>\n

Klumi Ventures is launching two funds<\/strong>, its flagship USD 100 mn fund for investing in decentralized sectors, and a USD 15 mn qualified investors fund for pre-seed and seed investments in early-stage Web3 startups.<\/p>\n

What was said:<\/strong> \u201cIts establishment as a Web3 Venture Capital Fund and bringing specialized funds that fill a critical gap in the Web3 sector's needs, positions Klumi strongly to harness the immense potential of this sector, not only in Abu Dhabi but also throughout the region,\u201d ADGM\u2019s market development chief, Arvind Ramamurthy said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The VC has earmarked USD 100 mn to invest in decentralized sectors<\/p>\n","protected":false},"author":1,"featured_media":91220,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[277,128,7,299,25],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-abu-dhabi-global-market","tag-blockchain","tag-enterpriseam-uae","tag-financial-services-regulatory-authority","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"0f9f788a-6e58-4f13-b171-ca963782f2c3","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1587.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Blockchain VC Klumi receives ADGM license","related_issue":[91208],"teaser":"The VC has earmarked USD 100 mn to invest in decentralized sectors","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.9de7f5c7-4dd3-43ff-8a7a-ce1c578bb739.mp3"},"yoast_head":"\nKlumi Ventures becomes first Web3 VC to receive ADGM license - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Klumi Ventures becomes first Web3 VC to receive ADGM license\" \/>\n<meta property=\"og:description\" content=\"The VC has earmarked USD 100 mn to invest in decentralized sectors\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-23T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Klumi Ventures becomes first Web3 VC to receive ADGM license\",\"datePublished\":\"2024-04-23T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\"},\"wordCount\":194,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abu Dhabi Global Market\",\"Blockchain\",\"EnterpriseAM UAE\",\"Financial Services Regulatory Authority\",\"INVESTMENT WATCH\"],\"articleSection\":[\"INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\",\"name\":\"Klumi Ventures becomes first Web3 VC to receive ADGM license - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-04-23T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Klumi Ventures becomes first Web3 VC to receive ADGM license\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Klumi Ventures becomes first Web3 VC to receive ADGM license - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/","og_locale":"en_US","og_type":"article","og_title":"Klumi Ventures becomes first Web3 VC to receive ADGM license","og_description":"The VC has earmarked USD 100 mn to invest in decentralized sectors","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/","og_site_name":"UAE","article_published_time":"2024-04-23T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Klumi Ventures becomes first Web3 VC to receive ADGM license","datePublished":"2024-04-23T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/"},"wordCount":194,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1","keywords":["Abu Dhabi Global Market","Blockchain","EnterpriseAM UAE","Financial Services Regulatory Authority","INVESTMENT WATCH"],"articleSection":["INVESTMENT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/","name":"Klumi Ventures becomes first Web3 VC to receive ADGM license - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1","datePublished":"2024-04-23T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Klumi Ventures becomes first Web3 VC to receive ADGM license"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=91219"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91219\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/91208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/91220"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=91219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=91219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=91219"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=91219"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}