IconPlus Capital

IconPlus Capital, established in 2019, is an early-stage venture capital fund based in Dubai, United Arab Emirates. It focuses on investing in innovative technologies such as blockchain, artificial intelligence, and big data.

Reda Semmah

Co-Founder and Managing Director

18 past transactions

Larix

Venture Round in 2024
Larix is the first metaverse based finance protocol on Solana, that adopts a dynamic interest rate model.

Kalao.io

Venture Round in 2024
Kalao.io is a non-fungible token (NFT) platform that specializes in securing digital collectibles on the Avalanche blockchain protocol. The platform provides a global marketplace that allows users to create, buy, sell, and collect NFTs in a cost-effective manner. By integrating blockchain technology with virtual reality capabilities, Kalao aims to enhance the adoption of VR technology, facilitating the development of virtual worlds. This approach supports the digital transformation of various business use cases, making it easier for individuals and companies to engage with digital assets.

Lost Worlds

Seed Round in 2024
Lost Worlds develops a location-based platform that merges NFTs and decentralized finance concepts to bring digital assets into real-world travel and exploration. The system creates geographically bounded digital assets on the blockchain linked to verifiable rewards, enabling brands and events to drive foot traffic to physical locations. By holding and trading these NFTs, users can earn cryptocurrency rewards as explorers, while brands gain engagement and measurable value from the interconnected loyalty and provenance features.

Digard

Venture Round in 2024
Digard is an interoperable and moltimodal web3 gaming infrastructure.

SubQuery

Venture Round in 2023
SubQuery is a data-as-a-service provider focused on making decentralized data more accessible, particularly from Polkadot projects. The company aggregates and organizes data, delivering well-structured information that enables developers to streamline their projects without the need to create custom backends for data processing. By operating between layer-1 blockchains and decentralized applications, SubQuery allows teams working with Substrate and Polkadot to efficiently process and query their data. The platform is designed to support the growth of data protocols that serve the application layer, facilitating the development of improved decentralized applications. SubQuery’s services enable users to query and extract data from the Polkadot network quickly and at no cost, promoting ease of access and utilization for developers in the blockchain ecosystem.

Avalanche

Venture Round in 2023
Avalanche is an open-source platform enabling the launch of highly decentralized applications and new interoperable blockchains.

NEAR

Venture Round in 2022
NEAR is a blockchain platform that enables developers to build, deploy, and run decentralized applications. It offers NEAR Protocol, a scalable smart contract platform with decentralized storage and compute capabilities, along with developer tools such as documentation, wallet, studio, and explorer. The platform supports a broad ecosystem of components and aims to bridge the adoption gap for mainstream software by refining the development experience and enabling agents and clients to own assets, make decisions, and transact across networks. NEAR was founded in 2017 and is headquartered in California.

Dexalot

Venture Round in 2022
Dexalot operates a trading platform that provides a decentralized exchange, offering low fees and an inclusive trading environment intended to rival centralized platforms. The company seeks to maximize traders' returns by reducing costs and improving access to liquidity. Dexalot was founded in 2021 and is based in St. Petersburg, Florida.

Zeitgeist PM

Venture Round in 2022
Zeitgeist PM is a company focused on developing blockchain technology to support prediction markets and futarchy governance. It operates an open prediction market platform designed to facilitate decentralized, on-chain prediction activities. By leveraging blockchain, Zeitgeist PM enables businesses to gather and utilize decision-making signals derived from aggregated data, enhancing efficiency in their decision-making processes. The company's innovative approach aims to transform how information is predicted and governed, fostering a more informed and data-driven environment for organizations.

Colony Lab

Seed Round in 2021
Colony Lab is a community-driven initiative to power the Avalanche Platform growth by investing in early-stage projects.

Aurora

Series A in 2021
Aurora is an Ethereum Virtual Machine developed by the NEAR Protocol team, offering a seamless solution for developers to run applications on an Ethereum-compatible platform. It combines the benefits of Ethereum compatibility with the scalability and low transaction costs of the NEAR Protocol, creating a high-throughput environment for decentralized applications. The platform is designed to deliver an exceptional user experience, enabling Ethereum developers to transition effortlessly by simply changing the RPC endpoint. Aurora aims to facilitate the development of decentralized applications while ensuring affordability and efficiency for users.

NFTrade

Seed Round in 2021
NFTrade is a decentralized cross-chain platform facilitating the creation, buying, selling, swapping, and farming of non-fungible tokens (NFTs). It aggregates various NFT marketplaces and manages the entire NFT lifecycle, enabling users to access and trade NFTs across multiple blockchains. By providing comprehensive access to the NFT ecosystem, NFTrade aims to unlock its full value for users.

Opulous

Seed Round in 2021
Opulous is a company that leverages blockchain and smart contract technology to create a unique platform connecting music artists with investors. Through this innovative approach, Opulous issues tokens that generate monthly royalty revenue, which increases in value as the artist's career progresses. The platform operates on decentralized finance principles, offering peer-to-peer loans that provide users with low-risk investment opportunities, liquidity, and diversification.

Serum

Seed Round in 2021
Serum is a decentralized on-chain cryptocurrency trading ecosystem built on Solana that enables trustless trading and cross-chain activity. It provides a full-limit order book and an interface familiar to users of centralized exchanges, delivering speed and low transaction costs through its on-chain architecture. The protocol is permissionless and community governed, combining DeFi transparency with usability for trading derivatives and other assets.

DIA

Venture Round in 2021
DIA is a decentralized data and oracle platform designed for Web3, focusing on the aggregation and validation of transparent and verified data feeds. It enables crowd-sourcing of data related to asset prices, metaverse information, and more. By sourcing data at a trade level from a variety of on-chain and off-chain sources, DIA provides developers with reliable access to comprehensive data sets across multiple layer 1 and layer 2 networks. The platform serves as a crucial bridge between off-chain data and on-chain smart contracts, facilitating the development of diverse financial applications. DIA aims to create a fair and symmetric financial ecosystem by granting clients open-source access to crowd-verified financial data.

Polkadot

Seed Round in 2019
Polkadot is an interoperability protocol that enables independent blockchains to securely exchange data and assets. It facilitates communication between these chains, enforcing message order and validity, and offers scalability by supporting multiple state machines.

ICON Foundation

Venture Round in 2019
ICON Foundation is a blockchain protocol and ecosystem that enables interoperability among independent blockchains and supports decentralized applications. As an aggregator network, it connects disparate chains to share value and data, enabling faster transactions and secure payments across multiple digital assets. The platform provides wallet and identity tools, including a wallet and a wallet ID system, and supports cross-chain governance through ICONSENSUS components comprising entities such as P-Rep, DBP, EEP, and C-Rep. It backs decentralized applications like Blockchain ID and payment and exchange services, used by communities including banks, securities, hospitals, universities, and other institutions. The organization is based in Zug, Switzerland, focusing on broad adoption of blockchain-enabled solutions across diverse sectors by facilitating interoperability.

Islander

Venture Round in 2018
Islander is a community building and affiliate marketing platform focused on the cryptocurrency sector. The company provides tools to facilitate knowledge transfer and promote mass adoption of crypto technologies. Its platform engages audiences through interactive quests and tradable NFT items, which can be either pre-made or customized by users. This innovative approach enables project owners to market their offerings effectively while providing educational opportunities for crypto enthusiasts, fostering long-term engagement and community development within the industry.
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