Swiss Hashgraph Group Granted ADGM License to Launch $100 Million Web3 Venture Fund
Swiss-based Hashgraph Group has secured a fund management license from the Abu Dhabi Global Market (ADGM) in the United Arab Emirates, paving the way for establishing a $100 million Web3 venture fund. This regulatory approval, granted to Hashgraph Ventures Manager, positions the company to spearhead significant investments within the burgeoning Web3 landscape from ADGM’s financial hub.
Hashgraph Group is set to infuse the fund with $20 million, constituting 20% of the total capital, as seed investment. The newly formed venture fund will target both early-stage startups and established firms operating within the Hedera ecosystem. Stefan Deiss, co-founder and CEO of Hashgraph Group, noted that the initiative has attracted considerable interest and support from a diverse array of co-investors.
“We’ve attracted substantial interest in our Web3 venture fund from our existing co-investors and ecosystem partners, including government bodies, sovereign wealth funds, venture capital firms, family offices, and other accredited investors,” Deiss stated. “Our focus is on selecting strategic co-investor partners to build a diversified portfolio across various industry sectors.”
Deiss emphasized that the fund will prioritize investments in companies leveraging the Hedera network, while also fostering collaboration among Web3 enterprises to drive innovation and growth within the sector.
Kamal Youseff, president of the Hashgraph Association, expressed enthusiasm about the fund’s potential to support entrepreneurs and businesses developing the next generation of Web3 solutions with meaningful socio-economic impacts.
The venture fund is committed to strategic investments in Web3 and deep technology sectors, including artificial intelligence (AI), blockchain, robotics, and quantum computing. Projects that meet the fund’s criteria will have the opportunity to participate in the Hashgraph Association’s venture studio program, providing additional support and resources to accelerate their development.
Andrew Forson, Head of Ventures & Investments at Hashgraph Group, elaborated on the fund’s investment strategy: “We assess opportunities based on key commercial and technological criteria to ensure informed decision-making. By leveraging our extensive experience in advanced technologies, we aim to deliver superior returns for our investors while nurturing and scaling impactful companies across multiple sectors and regions. Our goal is to drive sustainable innovation that enhances lives.”
With this strategic move, Hashgraph Group is poised to make a significant impact in the Web3 and deep tech investment landscape, fostering the growth of innovative companies and contributing to the advancement of cutting-edge technologies globally.