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INTO THE VENUSVERSE: NEW STARTUP EMPOWERS WOMEN TO LEARN, CREATE AND CONNECT IN THE DIGITAL WORLD
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A pair of prominent women in Waterloo Region announced the launch of Venusverse, the first Canadian female founded, female focused educational program, incubator and NFT collection. Addressing the gender gap and removing barriers to entry for women in NFTs, cryptocurrency and Web3, co-founders Janelle Chalouhi and Natalie Dumond created Venusverse to be an inclusive space for women.
The program focuses on educating women about NFTs, cryptocurrency and Web3 by providing insight into digital assets, creating digital collections, building digital brands, developing partnerships, and increasing digital financial literacy. The duo plans to launch the first Venusverse NFTs, the Venusverse Genesis Collection, in mid-February.
“Women account for only five per cent of all cryptocurrency and NFT owners in Canada,” said Janelle Chalouhi, co-founder and CEO of Venusverse. “We are enabling women to be at the forefront of change and evolution as we move into the rapidly evolving world of Web3.”
“We’ve combined over six months worth of discovery and distilled it into one-hour workshops for women to learn, connect and build within the NFT and Web3 spaces, closing the gender gap in crypto and blockchain technology,” said Natalie Dumond, co-founder and Facilitator of Venusverse.
To make an even greater impact in gender equity, the founders of Venusverse are collaborating with Profound Impact Corporation and CivicAction, to build a community where women are empowered with the knowledge required to advance successfully in the next-generation wealth economy.
In true community-building fashion, Chalouhi will join Profound Impact Corporation as an advisor in partnership engagement. Profound Impact is a Toronto-Waterloo innovation corridor-based startup that helps education, research and social impact community organizations leverage data to measure program impact, tell their stories and inform strategies.
“Our collaboration with Venusverse aligns perfectly with our long-term stakeholder engagement strategy,” said Sherry Shannon-Vanstone, founder and CEO of Profound Impact Corporation. “Venusverse will use Profound Impact’s business intelligence and engagement tools to measure the increased involvement of women in NFT, Web3 and crypto. Our shared goal is to measure the global impact of connecting great people to do great work in these growing fields.”
With the support of CivicAction, Venusverse is working to break the systemic barriers that hold women back from fully engaging in and benefitting from the new economy.
“It is critical that our economic recovery be inclusive,” said Leslie Woo, CEO of CivicAction. “This is why it’s important to provide an entry point for women of all intersectionalities. Through education, Venusverse is supporting the comfort and confidence of women, enabling them to be greater beneficiaries in this growth economy.”
Upon the launch of the Venusverse Genesis Collection of 2,022 NFTs in mid-February, 10 per cent of revenue will be donated to the CivicAction Leadership Foundation in support of women in the organization’s leadership programs, including the DiverseCity Fellows and the Emerging Leaders Network.
The launch of Venusverse marks a new era in digital innovation in Waterloo Region – one of the world’s fastest growing tech sectors, and the birthplace of the Ethereum blockchain technology.
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
Photo – https://mma.prnewswire.com/media/2416426/eWTP_Preqin.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ewtp-arabia-capitals-technology-fund-i-recognized-as-top-performing-vc-fund-in-the-preqin-league-tables-302149554.html
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