The Hashgraph Group (THG), the Swiss-based international business, venture capital, and technology company, that operates exclusively within the Hedera ecosystem, has secured a fund management license through its subsidiary Hashgraph Ventures Manager Ltd in ADGM UAE.
The $100 million global Web3 venture capital fund (Hashgraph Venture Fund) is licensed by the ADGM’s regulatory authority, the Financial Services Regulatory Authority (FSRA). Hashgraph Ventures Manager will make strategic investments in deep-tech companies that are developing innovative solutions in AI, IoT, blockchain/decentralized ledger technology (DLT), robotics, and quantum computing.
The Hashgraph Association will seed the fund with $20 million
The Hashgraph Association (THA) is seeding the Hashgraph Venture Fund-I (HVF-I) as an anchor investor with USD 20 million, representing 20% of the total fund size.
Benefitting companies will have access to THG’s well-established Web3 Venture Studio programs, which actively shape and enable portfolio companies through expertise in engineering, productization, and commercialization.
Kamal Youssefi, President of The Hashgraph Association, stated: “We believe in co-funding innovative entrepreneurs and enterprises that are building the next generation of Web3 solutions on Hedera that enable financial inclusion with a positive socioeconomic impact. We look forward to this unique opportunity to gain exposure to leading-edge Web3 companies through investment in Hashgraph Ventures Fund and generating long-term capital growth for the Hedera ecosystem.”
THG operates venture studios across Qatar, KSA, and Morocco
THG operates globally with a diverse network of government-backed co-investment venture studios, which include the DeepTech Venture Studio signed with the Ministry of Investment of Saudi Arabia (MISA) earlier this year. The studio is worth USD 250M over 5 years.
It also operates the Digital Assets Venture Studio in strategic partnership with the Qatar Finance City (QFC), the Web3 Venture Studio with IIT Madras in India, and the DeepTech Venture Studio in strategic partnership with INNOVX in Morocco, alongside various other co-investment partners.
The strategic Web3 venture fund in the UAE will focus on generating attractive long-term returns by investing in proven early-stage and well-established companies utilizing deep technologies to build and commercialize enterprise-grade solutions and products for the Web3 economy.
Stefan Deiss, Co-Founder & CEO of The Hashgraph Group, said, “We have received a lot of interest in our regulated Web3 ventures fund from existing co-investors and ecosystem partners, including government institutions, sovereign wealth funds, venture capital, family offices, and other institutional investors. With extensive expertise in Web3, we are focused on generating attractive returns through investments in companies that leverage the convergence of deep-tech intersecting on the Hedera DLT network.”
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