Hashgraph Group secures $100M Web3 fund license in Abu Dhabi
The Swiss-based Hashgraph Group has received a fund management license from the Abu Dhabi Global Market (ADGM) to launch a $100 million Web3 venture fund.
The fund, which will be managed by Hashgraph Ventures Manager, will focus on investing in companies within the Hedera (CRYPTO:HBAR) ecosystem, targeting both early-stage and established innovators.
Hashgraph Group will contribute $20 million of seed capital to the fund.
"We have received a lot of interest in our Web3 ventures fund from existing co-investors and ecosystem partners, including government institutions, sovereign wealth funds, venture capital funds, family offices, and other qualified investors. We pay particular attention in the selection of strategic co-investor partners to build a diversified portfolio of assets across target industry sectors," stated Stefan Deiss, co-founder and CEO of Hashgraph Group.
The fund's primary focus will be on supporting companies using the Hedera network and promoting collaboration within the Web3 ecosystem.
Kamal Youseff, president of the Hashgraph Association, expressed the association's enthusiasm for co-investing in Web3 projects, emphasising the importance of socio-economic impact.
The $100 million fund will also prioritise investments in deep tech sectors, such as artificial intelligence (AI), blockchain, robotics, and quantum computing.
Projects aligned with these sectors may join the Hashgraph Association’s venture studio program.
"We assess investment opportunities on the basis of key commercial and technological criteria to make well-informed investment decisions, while leveraging our extensive experience and expertise in deep technologies to secure alpha for our investors as we nurture and scale impactful companies across multiple sectors and geographies, driving sustainable innovation that makes lives better," added Andrew Forson, Head of Ventures Investments at Hashgraph Group.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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