Home Industry Finance Further Ventures launches $200m fund, backed by Abu Dhabi’s ADQ Further will partner with entrepreneurs, as an institutional co-founder, to launch and grow new ventures from ideation to exit by Gulf Business September 28, 2022 Further Ventures, a new venture building and investment firm, has launched a $200m fund to co-create ventures in digital assets, fintech and supply chain. Backed by ADQ, the Abu Dhabi-based investment and holding company, Further will partner with entrepreneurs, as an institutional co-founder, to launch and grow new ventures from ideation to exit. Entrepreneurs and experienced executives who launch their next venture with Further will have access to product and engineering resources for concept development, seed capital required to take the business to Series A, and reserved capital for following on through multiple rounds of funding. Beyond capital investment, Further’s team will provide legal and regulatory support, talent sourcing and recruitment, operations, and business development expertise. Further will partner with founders to build ventures across three distinct verticals: Digital Assets: Digital asset payments products, blockchain asset custody and security solutions, marketplaces, wallets and other infrastructure for institutions Fintech: Wealth management, SME finance, financial inclusion, remittance, and payroll products will benefit from Further’s experience in launching regulated financial institutions in global markets Supply Chain: Digital freight and warehouse management companies and other supply chain-related businesses will benefit from Further’s extensive ties to ADQ’s broad portfolio, which includes major international retailers, port operators and airlines. In addition to launching its own ventures with founders, the firm will also establish the Further Network by actively investing in and co-creating startups with leading global venture builders. Tags Abu Dhabi ADQ Further Ventures VC 0 Comments You might also like AD Ports signs concession deal to operate Egypt’s Safaga terminal Strong cash flows for UAE stocks in Christmas Day trade Institutional investors were hungry for Dubai, Abu Dhabi Stocks in 2023 Wizz Air Abu Dhabi carries 3 million passengers in 2023