Adaverse, Saudi’s first web3 & blockchain VC fund, announces strategic investment in Takadao

Adaverse, Saudi’s first web3 & blockchain VC fund, announces strategic investment in Takadao

Riyadh, Saudi Arabia – Adaverse, a Cardano ecosystem accelerator and seed fund with a focus on scaling Web3 solutions, announces its first strategic investment in Saudi Arabia’s Takadao, marking the companies’ commitment to the pursuit of Vision 2030. Takadao, a revolutionary force in the financial industry, introduces community-owned financial services, challenging traditional financial paradigms with its innovative approach.

Adaverse: Pioneering the Web3 Revolution

Adaverse is a leading early-stage investor and builder in the Web3 sphere, boasting 60 investments across 13 nations from around the world. An initiative by EMURGO, the renowned global blockchain technology firm and a founding member of the Cardano blockchain platform, Adaverse is on a mission to build a global community of entrepreneurs solving the world’s challenges with blockchain technology.

Excited about Vision 2030 and Saudi Arabia’s openness to innovation and economic diversification, Adaverse has now officially expanded its operations to Riyadh, making it the very first venture capital fund in the Kingdom to specialise in Web3 and blockchain early-stage investing. In 2024, the company plans on investing $10 million in local Web3 startups.

In addition to providing capital investment, Adaverse is uniquely proactive in supporting the growth of its portfolio companies. This involves assistance in developing product strategies that leverage