PANews reported on May 2 that according to an official announcement, Klumi Ventures announced that it had obtained a financial license from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), allowing the company to invest in tokens and make equity investments in early Web3 startups. Klumi Ventures is launching two funds, one of which is a $100 million fund specifically for emerging technologies and decentralized industries. Another $15 million qualified investor fund is planned to be used for pre-seed and seed investments in Web3 startups.
