The Hashgraph Group has recently been granted a fund management license from the Abu Dhabi Global Market (ADGM) in the United Arab Emirates, allowing them to launch a $100 million Web3 venture fund. The fund, which will be known as Hashgraph Ventures Manager, will have a focus on investing in early-stage and established companies within the Hedera ecosystem. The group plans to contribute $20 million, or 20% of the fund, as seed capital, and has already received significant interest from various co-investors, including government institutions, sovereign wealth funds, venture capital funds, family offices, and other qualified investors. Stefan Deiss, the co-founder and CEO of Hashgraph Group, emphasized the importance of strategic co-investor partnerships in building a diversified portfolio across different industry sectors.
In addition to investing in companies within the Hedera network, the Hashgraph Group’s fund will also aim to promote collaboration among Web3 companies. Kamal Youseff, the president of the Hashgraph Association, expressed the non-profit organization’s enthusiasm to co-invest with entrepreneurs and enterprises working on the next generation of Web3 solutions that have a positive socio-economic impact. The fund will prioritize strategic investments in Web3 and deep tech companies focused on areas such as artificial intelligence (AI), blockchain, robotics, and quantum computing. Companies that meet the criteria for investment will have the opportunity to participate in the Hashgraph Association’s venture studio program, providing additional support and resources for their growth.
Andrew Forson, the Head of Ventures & Investments at The Hashgraph Group, highlighted the group’s approach to assessing investment opportunities based on key commercial and technological criteria. By leveraging their extensive experience and expertise in deep technologies, the group aims to make well-informed investment decisions that will ultimately benefit their investors while supporting the growth of impactful companies across various sectors and geographies. Forson emphasized the group’s commitment to driving sustainable innovation that improves lives and creates positive change.
Overall, the Hashgraph Group’s new venture fund represents a significant opportunity for companies within the Web3 and deep tech space to receive funding, support, and resources for their growth and development. With a focus on investing in companies within the Hedera network and promoting collaboration among Web3 companies, the fund is poised to make a meaningful impact on the industry. By prioritizing strategic investments in key technology sectors and leveraging their expertise, the Hashgraph Group aims to secure alpha for their investors while nurturing and scaling impactful companies that drive innovation and positive change.
