CoreNest Capital
CoreNest Capital is a Dubai-based venture capital firm backing early-stage AI, robotics, deeptech, and Web3 startups through Fund I and the CoreNest Accelerator in El Salvador, a $25M tokenized fund targeting 300 LATAM startups over five years at $125K each.
- Company typePrivate
- Founded2021
- HeadquartersDubai, United Arab Emirates
- Headcount1–10
- GTM typeB2B
- OfferingServices
What CoreNest Capital does
CoreNest Capital is a Dubai-headquartered venture capital firm that backs early-stage companies in AI, robotics, deeptech, and Web3, with a stated thesis centered on the 'Autonomous Web' — systems where intelligence executes, earns, and evolves on its own. The firm operates two primary vehicles: CoreNest Fund I, which was funded with 100% GP capital and deployed across 30+ investments after screening 1,200+ startups, and the CoreNest Accelerator in El Salvador, a 12-week in-person program in San Salvador that invests $125,000 in equity per startup and is backed by a $25 million tokenized fund built on the Coreum Layer-1 blockchain. The accelerator targets 300 startups over five years and is positioned as the first venture-backed startup accelerator in El Salvador and Latin America, with founding corporate partners Davivienda and Asesuisa and a government MOU providing regulatory and pilot support.
The firm serves two customer groups: early-stage founders from pre-seed through Series A in AI, robotics, fintech, medtech, and Web3 infrastructure, and institutional/strategic limited partners seeking exposure to frontier-technology deals. Founder-facing go-to-market is direct and high-velocity — pitches are submitted through an Airtable form and decisions are returned within two weeks — while LP engagement runs through a partner-with-us portal. Revenue mechanics follow standard VC norms: management fees on the tokenized El Salvador fund and future vehicles, carried interest on Fund I exits, and equity-stake returns from accelerator investments. The portfolio spans 40+ companies including OpenAI, xAI, SpaceX, Neuralink, Safe Superintelligence, Physical Intelligence, 1X, Texture Capital, and Coreum, with offices in Dubai, San Francisco, San Salvador, Los Angeles, and Vancouver.
The firm is privately held by its founding partners Bob Ras and Reza Bashash, with additional partners Pedro Crespo, José Roberto Rodríguez Duque (CEO of the El Salvador accelerator), Phillip Pierini, and Eric Damier. Its underlying technology stack is minimal on the firm side, but the tokenized fund infrastructure on Coreum — co-founded by the same principals — provides a differentiated vehicle structure that enables fractional ownership for global investors, excluding US persons. Operating geography spans the Middle East, North America, and LATAM, with El Salvador representing the most recent and most consequential expansion move.
CoreNest Capital firmographics
Firmographics- Name
- CoreNest Capital
- Legal name
- CoreNest Capital Limited
- Website
- https://corenest.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- CoreNest Capital is a Dubai-based venture capital firm backing early-stage AI, robotics, deeptech, and Web3 startups through Fund I and the CoreNest Accelerator in El Salvador, a $25M tokenized fund targeting 300 LATAM startups over five years at $125K each.
- Ownership category
- akta.pro rank
CoreNest Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where CoreNest Capital is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices5 records
Markets served
CoreNest Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Fund Management — Management Fees: Standard VC fund management fees charged on committed or deployed capital under management.
- Carried Interest (Carry): Performance fee (typically 20%) on profits from portfolio company exits, aligning GP and LP incentives.
- Accelerator Equity Investment Returns: The CoreNest Accelerator invests $125,000 in equity per startup in exchange for ownership stake. Returns accrue to the fund via portfolio exits.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One time/ perpetual license | Accelerator equity investment per startup |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
CoreNest Capital product offering
Product offeringCore offering
CoreNest Capital is an operator-led early-stage venture capital firm that invests in AI, Robotics, Deeptech, and Web3 startups from seed through Series A, deploying capital through CoreNest Fund I and a $25 million tokenized VC fund. Beyond fund investments, the firm operates the CoreNest Accelerator El Salvador — the first venture-backed accelerator in Latin America — providing a 12-week in-person program, $125,000 equity investment per startup, mentorship, corporate partnership and government pilot access, and a Demo Day. The firm also runs an LP/investor partner portal for institutional and strategic co-investment in frontier-technology deals.
Product overview
CoreNest Capital operates as a venture capital firm with two primary offerings: (1) CoreNest Capital Fund I and ongoing investment activities in early-stage AI, Robotics, Deeptech, and Web3 companies through equity investments, and (2) CoreNest Accelerator El Salvador, a 12-week accelerator program offering $125K equity investment, mentorship, and corporate access backed by a $25M tokenized VC fund on the Coreum blockchain. The firm backs approximately 40+ portfolio companies across multiple technology verticals and has launched initiatives to position El Salvador as a technology hub in Latin America.
Differentiator
Problem solved
Functional benefit
Brands
- CoreNest Accelerator: The first venture-backed startup accelerator in El Salvador and Latin America, providing $125,000 equity investment per startup, 12-week in-person acceleration curriculum, mentorship, and access to corporate partners.
- CoreNest Fund I
Products and services
- CoreNest Fund I CoreNest's initial venture capital fund, funded entirely with the firm's own GP capital (no outside LPs), used to filter 1,200+ startups and back early-stage companies in AI, crypto, and autonomous systems from pre-seed through Series A.
- CoreNest Accelerator El Salvador The first venture-backed startup accelerator in El Salvador and Latin America, offering a 12-week in-person program in San Salvador with $125,000 equity investment per startup, mentorship, corporate partnerships, public-sector pilot access, free office space, and a Demo Day, funded by a $25 million tokenized VC fund on the Coreum blockchain.
- CoreNest $25M Tokenized VC Fund A $25 million tokenized venture capital fund launched in El Salvador and built on the Coreum blockchain, enabling fractional ownership and global investor participation in the CoreNest Accelerator portfolio, with a planned $100 million follow-on fund to bridge the Series A gap in the LATAM region.
Quantifiable outcome
- Reviewed 1,200+ startups and backed 30+ standout teams across Fund 1
- +2 more outcomes
Companies that use CoreNest Capital
Customer profileSegments4 records
Ideal customer profiles3 records
CoreNest Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CoreNest Capital partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship and core.
- DaviviendaflagshipDavivienda, a leading financial institution in El Salvador, became a Founding Member of CoreNest Accelerator. The partnership strengthens the fintech ecosystem in El Salvador, with Davivienda providing financial innovation expertise, corporate pilot opportunities, and investor access to the accelerator program. Davivienda joined as a founding member alongside other corporate partners to drive financial inclusion and fintech growth in the region.
- AsesuisaflagshipAsesuisa, an insurance company, became a Founding Partner of CoreNest Accelerator in El Salvador. The partnership brings insurance sector expertise and corporate innovation access to the accelerator's ecosystem, supporting the development of fintech and risk management startups in the region.
- Key InstitutecoreCoreNest and Key Institute partnered to shape the future of startups in El Salvador through the accelerator program, providing mentorship, educational resources, and ecosystem support to early-stage founders in the region.
- Government of El SalvadorcoreCoreNest Capital signed an MOU with the Government of El Salvador to launch the first venture-backed startup accelerator and tokenized VC fund in the country. The government provides strategic backing, pro-innovation policies, tax and visa benefits, and a startup visa program. The partnership aims to position El Salvador as a technology and innovation hub in Latin America — the 'Silicon Valley of Latin America.'
- CoreumcoreCoreNest's $25 million tokenized VC fund and accelerator are built on the Coreum blockchain, enabling fractional ownership and global investor participation. CoreNest founders Bob Ras and Reza Bashash are co-founders of Coreum, a Layer-1 enterprise-grade blockchain for compliant DeFi and asset tokenization. Coreum is also listed in CoreNest's portfolio.
Scale indicators11 records
Recent moves2 records
Expansion highlights6 records
CoreNest Capital competitors and assessment
Company assessmentDirect peers
- Lux Capital: Early-stage VC focused on AI, robotics, and deep tech (frontier computing, autonomy). Closest comparable to CoreNest on AI/robotics/deeptech thesis and operator-led support model.
- DCVC (Data Collective): Deep tech VC investing in AI, computational biology, and engineering-led companies. Comparable to CoreNest on AI/deep tech investment specialization.
- Binance Labs: Investment arm of Binance focused on Web3, DeFi, and infrastructure tokens. Comparable to CoreNest on Web3/blockchain investment scope and crypto-native deal sourcing.
- Pantera Capital: Long-running crypto/blockchain VC fund with multiple vehicles including token funds. Directly comparable on tokenized fund thesis and Web3 frontier deployment.
- Founders Fund: Peter Thiel-led frontier tech VC with concentrated bets on AI, crypto, space, and biotech. Shares CoreNest's conviction-driven, anti-consensus frontier tech orientation.
- Khosla Ventures: Frontier tech VC investing across AI, robotics, biotech, and clean tech from seed onward. Comparable on stage-agnostic frontier tech allocation and AI/robotics sector focus.
- Multicoin Capital: Crypto-native VC fund investing in tokens and equity across Web3, DeFi, and AI infrastructure. Closest comparable to CoreNest's tokenized fund structure and Web3/crypto allocation across frontier tech.
- Coinbase Ventures: Crypto/Web3 investment arm making early-stage bets across DeFi, infrastructure, and AI. Comparable to CoreNest on early-stage crypto/Web3 deployment and token-related investment approaches.
Broad incumbents
- Techstars: Global accelerator network with equity-for-mentorship model across 50+ programs. Compares to the CoreNest Accelerator El Salvador on the in-person equity-accelerator model, though Techstars operates globally at much larger scale.
- Andreessen Horowitz (a16z): Large, established venture firm with dedicated crypto and AI funds (a16z crypto, a16z bio, etc.). Compares to CoreNest on the AI/crypto investment thesis though at vastly larger scale and broader sector coverage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CoreNest Capital social profiles
Digital presenceCoreNest Capital compliance and trust
Trust signalCompliance1 record
CoreNest Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoreNest Capital leadership team
Management profileNumber of profiles
Profiles6 records
CoreNest Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
CoreNest Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoreNest Capital M&A and investment
M&A and investmentM&A
Investments37 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoreNest Capital
What does CoreNest Capital do?
CoreNest Capital is an operator-led early-stage venture capital firm that invests in AI, Robotics, Deeptech, and Web3 startups from seed through Series A, deploying capital through CoreNest Fund I and a $25 million tokenized VC fund. Beyond fund investments, the firm operates the CoreNest Accelerator El Salvador — the first venture-backed accelerator in Latin America — providing a 12-week in-person program, $125,000 equity investment per startup, mentorship, corporate partnership and government pilot access, and a Demo Day. The firm also runs an LP/investor partner portal for institutional and strategic co-investment in frontier-technology deals.
Is CoreNest Capital a public or private company?
CoreNest Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CoreNest Capital founded?
CoreNest Capital was founded in 2021. It employs 1 to 10 people.
Where is CoreNest Capital based?
CoreNest Capital is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does CoreNest Capital make money?
Three revenue lines are on record. Fund Management — Management Fees are the primary driver. The others are carried Interest (Carry) and accelerator Equity Investment Returns.
Who are CoreNest Capital's main competitors?
Direct peers on record are Lux Capital, DCVC (Data Collective), Binance Labs, Pantera Capital, Founders Fund, Khosla Ventures, Multicoin Capital and Coinbase Ventures. Broad incumbents are Techstars and Andreessen Horowitz (a16z).
Does CoreNest Capital have an API?
No public API is recorded for CoreNest Capital.
What industry is CoreNest Capital in?
CoreNest Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 523940 and its SIC code is 6282.