- Introduction
- Goals and Objectives of the Collaboration
- Activities and Initiatives
Klumi Ventures, the first regulated Web3 venture capital and fund manager headquartered in Abu Dhabi, together with DWF Labs, an innovator in investments and market making, announced the beginning of their collaboration to develop the Web3 ecosystem in the United Arab Emirates (UAE).
Introduction
The aim of this partnership is to strengthen and develop the Web3 ecosystem in the UAE. It is focused on accelerating digital transformation and providing the necessary tools for the successful development of projects in the Web3 space.
Goals and Objectives of the Collaboration
The partnership between Klumi Ventures and DWF Labs is being implemented in line with the Abu Dhabi Economic Vision 2030 and aims to:
• Combine Klumi Ventures' market experience in the region with DWF Labs' investment capabilities • Accelerate digital transformation and support both new and existing projects • Provide strategic advisory services for businesses planning to enter the UAE market
Activities and Initiatives
Key areas of collaboration include:
• Strategic advisory services for businesses, including market entry strategy development, legal support, and financing • Investments and market making to provide liquidity and financial resources for companies • Conducting over-the-counter transactions and offering specialized solutions for large transactions • Educational programs in Web3 such as workshops and seminars
Kristiina Lumeste, CEO and founder of Klumi Ventures, said: 'DWF Labs, one of the leading players in the Web3 space, has achieved significant success in Asia and is now expanding its presence to the UAE. Klumi Ventures is excited to support the leading DWF portfolio companies and contribute to the growth of the Web3 ecosystem in the UAE.'
Andrei Grachev, managing partner at DWF Labs, stated: 'This partnership with Klumi Ventures represents a significant step forward in our shared vision to build a robust Web3 ecosystem that supports innovation and sustainable growth across the UAE region. Together, we are strategically positioned to drive the digital transformation in the UAE, empowering both new entrants and established institutions to thrive in this dynamic landscape.'
The partnership between Klumi Ventures and DWF Labs aims to support the UAE's aspirations to become a global blockchain technology center, promoting innovation and accelerating the adoption of Web3 in the Middle East and North Africa region.
