Draper Goren Holm And Sheesha Finance Partner To Support The Best DeFi Startups

Announcements, Blockchain, News | June 8, 2021 By:

Draper Goren Holm has teamed with DeFi mutual fund Sheesha Finance to expand its reach into the MENA region for identifying and funding undervalued projects.

Draper Goren Holm is a blockchain venture studio and fund created by Tim Draper, Alon Goren, and Josef Holm with a focus on incubating and accelerating the best early-stage startups from around the world.

Sheesha Finance rewards investors of any size, from small to large ticket holders, with unlimited DeFi tokens from a diversified portfolio of projects. Sheesha Finance’s easily convertible assets can be freely utilized to maximize rewards and gain exposure to existing and upcoming DeFi projects. With plans to become a member-managed decentralized autonomous organization (DAO), Sheesha Finance is dedicated to upholding full transparency and integrity within the DeFi space.

Draper Goren Holm will leverage the expansive network and influence Sheesha Finance boasts in the MENA region timed with the launch of DGH Labs in Dubai. Saeed Hareb Al Darmaki, founder at Sheesha Finance, is a Managing Director of Alphabit Digital Fund, a digital currency fund managing over $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.

“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.

“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 Josef Holm, Founding Partner at Draper Goren Holm.