Sheesha Finance and Draper Goren Holm to Support DeFi Startups
Sheesha Finance, a decentralized cryptocurrency mutual fund for DeFi investors announced a partnership today with blockchain venture fund, Draper Goren Holm. Created by Tim Draper, Alon Goren, and Josef Holm, Draper Goren Holm focuses on incubating and accelerating early-stage startups from around the world.
“As we expand into the MENA region and open our incubator DGH Labs in Dubai, we are excited to partner with Sheesha Finance in an effort to grow the local blockchain ecosystem and give startups access to venture funding.” said Mr. Holm.
Mr. Holm and Mr. Goren are the same team that has built some of the top blockchain conferences in the world such as LA Blockchain Summit, Global DeFi Summit, NFT Summit, Security Token Summit, and others. In 2019, they partnered with billionaire investor Tim Draper to build the next-generation blockchain venture studio and fund with a global focus. Draper Goren Holm’s growing portfolio includes AI and machine-learning crypto insights solution Lunarcrush, smart contract platform Casper Labs, Tezos DeFi solution StableTech and cap table, compliance, and investor onboarding platform Vertalo.
“Our strategic partnership with DGH will allow our companies to explore global opportunities in the blockchain space. Sheesha Finance is happy to provide quality projects and deal flow from the MENA region to DGH and in turn, gain exposure to markets in Europe and the USA. Our work together will help build a strong network of projects in the blockchain space, bringing more legitimacy and trust in the world of blockchain investing” said Saeed Hareb Al Darmaki, founder of Sheesha Finance.
Mr. Darmaki has experience as managing director of Alphabit Digital Fund, a digital currency fund managing more than $400 million in assets, and former fixed income and treasury specialist at the Abu Dhabi Investment Authority (ADIA), estimated to be managing $875 billion to date.
Since raising almost $10 million during their funding round in March 2021, Sheesha Finance has rapidly grown their ecosystem, partnering with blockchain projects spanning DeFi, banking, education, gaming, and more. Recent partners include EQIFI, Plasma Finance, Royale Finance, Blockchain Australia, Splinterlands and Mercor Finance. In addition, with a common goal of transparency and integrity in DeFi, Sheesha’s advisory board includes founding partner of Galaxy Digital and CEO of NFT.com, David Namdar; CEO at StakeHound Albert Castellana; serial investor and industry pioneer, Hartej Sawney; crypto investor and CEO of Transform Group, Michael Terpin and founder and CEO of Beyond Enterprises, Brad Yasar.
To learn more about the Sheesha Finance and Draper Goren Holm partnership, join the Sheesha Telegram channel.