Switzerland-based Hashgraph Group has secured a major milestone with its latest fund management license from the Abu Dhabi Global Market (ADGM). The license clears the way for Hashgraph Ventures Manager, its subsidiary, to manage a $100 million Web3 venture fund in the UAE.
With $20 million in seed capital already committed, the fund is set to fuel innovation and collaboration within the Hedera ecosystem, targeting industries like artificial intelligence, blockchain, robotics, and quantum computing.
A Strategic Boost for Hedera Ecosystem
The Hashgraph Group is contributing $20 million—20% of the total fund—as seed capital, underscoring its commitment to advancing the Hedera network’s reach and innovation. The fund’s primary mission is to support early-stage and established Web3 companies leveraging the Hedera ecosystem.
By emphasizing startups and projects that tap into Hedera’s unique capabilities, Hashgraph Ventures Manager aims to deepen the adoption of distributed ledger technology in areas ripe for innovation. The group is also setting its sights on fostering collaboration within the Web3 space.
What makes this initiative significant?
- A focus on key Web3 and deep-tech sectors like AI, robotics, and quantum computing.
- A venture studio program for qualifying projects, offering mentorship and additional resources.
This comprehensive approach aligns with the vision of driving socio-economic impact while cultivating transformative solutions across industries.
Industry Support and Co-Investor Strategy
Stefan Deiss, Hashgraph Group’s co-founder and CEO, shed light on the strong backing the fund has received from an array of stakeholders. These include government bodies, sovereign wealth funds, venture capitalists, and family offices.
Deiss emphasized the importance of curating partnerships to ensure diverse exposure across sectors. “We’ve received strong interest from ecosystem partners, and we are particularly deliberate in selecting co-investors to balance our portfolio,” he noted. This approach demonstrates a focus not only on capital but on creating a well-rounded network of collaborators.
Non-Profit Backing and Venture Studio Opportunities
Adding further weight to the initiative, the Hashgraph Association, a non-profit arm of the group, has stepped in to champion entrepreneurs working on impactful Web3 solutions. Its president, Kamal Youseff, highlighted the association’s enthusiasm for supporting transformative projects that drive socio-economic progress.
Projects receiving investment will also benefit from access to the venture studio program. This support system includes:
- Mentorship from industry experts.
- Strategic resources to navigate the complexities of scaling innovative technologies.
This setup ensures that funded projects are equipped to tackle technical and commercial challenges effectively.
Investment Criteria: A Deliberate Approach
Evaluating investment opportunities is no small task, but Hashgraph Group has a clear framework. Andrew Forson, Head of Ventures & Investments, outlined the group’s rigorous approach, which balances commercial potential and technological feasibility.
“Each opportunity is scrutinized using key metrics,” Forson explained. By prioritizing well-informed decisions, the group aims to maintain a robust portfolio that reflects its long-term strategic vision.
Quick Glance: Key Investment Focus Areas
Sector | Example Technologies |
---|---|
Web3 | Decentralized applications (dApps) |
Artificial Intelligence | Machine learning, predictive analytics |
Robotics | Autonomous systems, IoT |
Quantum Computing | Secure communication, computation |
The diversified focus highlights the group’s ambition to leave a lasting mark across transformative industries.
Abu Dhabi’s endorsement of the Hashgraph Group’s $100 million Web3 venture fund is more than just a regulatory nod—it’s a testament to the UAE’s growing role as a global tech hub. By anchoring the fund within the ADGM, the initiative positions the region as a magnet for innovation in blockchain, AI, and beyond. As the Hedera ecosystem grows, this fund could shape the future of Web3 technologies, bringing groundbreaking ideas closer to reality.
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