The NEAR Foundation announced at their NEARCON 2022 event in Lisbon, Portugal, they will be introducing a $100 million venture capital fund and venture lab in partnership with Caerus Ventures. NEAR will anchor the fund, which has an initial closing of $50 million and a target of $100 million for seed series A investments.
The first investment will be in the venture lab, which will work with creators, talent, and franchise owners to conceive, validate, test, and build the next generation of web3 platforms.
Caerus Ventures is a newly launched investment firm led by IMG executive Nathan Pillai, who said Caerus aims to catalyze innovation in web3, focusing on sport, gaming, music, film, fashion, and art.
