The Hashgraph Group, a Switzerland-based entity known for its distributed ledger technology, has embarked on a significant venture into the burgeoning Web3 landscape. Through its subsidiary, Hashgraph Ventures Manager, the group has secured a fund management license from the Abu Dhabi Global Market (ADGM), paving the way for the establishment of a $100 million Web3 venture fund headquartered in ADGM. This strategic move underscores the growing recognition of ADGM as a prominent hub for digital innovation and investment, attracting global players seeking to capitalize on the rapidly evolving Web3 ecosystem.
The newly established fund signifies a substantial commitment from Hashgraph Group, with the company injecting $20 million, representing 20% of the total fund size, as seed capital. This initial investment demonstrates the group’s confidence in the potential of Web3 technologies and its dedication to nurturing the growth of promising ventures within this space. The fund’s primary focus will be on supporting both nascent startups and established companies operating within the Hedera ecosystem, a public distributed ledger technology network championed by Hashgraph Group. This targeted approach aims to bolster the Hedera network by attracting and fostering a vibrant community of developers and entrepreneurs building innovative applications and services.
The fund’s investment strategy encompasses a broad spectrum of cutting-edge technologies within the Web3 and deep-tech sectors. Artificial intelligence (AI), blockchain, robotics, and quantum computing are among the key areas of focus, reflecting the fund’s commitment to supporting the development of transformative technologies with the potential to reshape industries and drive significant advancements. By concentrating on these high-potential sectors, the fund aims to identify and invest in ventures that are poised to become leaders in their respective fields, contributing to the overall growth and development of the Web3 ecosystem.
Beyond financial backing, the fund offers a unique advantage to its portfolio companies through access to the Hashgraph Association’s venture studio program. This program provides invaluable resources and mentorship, enabling startups to navigate the complexities of building and scaling their businesses. By leveraging the expertise and network of the Hashgraph Association, portfolio companies gain access to a wealth of knowledge and guidance, further enhancing their chances of success. This comprehensive support system distinguishes the fund from traditional venture capital firms, offering a more holistic approach to nurturing and empowering promising ventures.
The establishment of the $100 million fund has already garnered significant interest from a diverse range of potential co-investors, including government institutions, sovereign wealth funds, venture capital firms, family offices, and other qualified investors. This broad appeal highlights the fund’s perceived potential and the growing confidence in Hashgraph Group’s vision for the future of Web3. The group’s deliberate approach to selecting strategic co-investor partners aims to create a diversified portfolio across target industry sectors, minimizing risk and maximizing the potential for long-term growth.
The launch of this ambitious venture fund is met with enthusiasm from various stakeholders. Kamal Youseff, president of the Hashgraph Association, expressed the non-profit’s commitment to supporting entrepreneurs and organizations striving to create transformative Web3 solutions with a positive societal and economic impact. This alignment of values underscores the fund’s focus on not only financial returns but also on contributing to the broader good through the advancement of innovative technologies. The fund’s investment criteria prioritize projects that demonstrate the potential to address real-world challenges and drive positive change, aligning with the Hashgraph Association’s mission to foster a more equitable and sustainable future. Furthermore, the Hashgraph Group employs a rigorous evaluation process based on key commercial and technological criteria to ensure well-informed investment decisions. This meticulous approach reflects their commitment to responsible investing and their dedication to supporting ventures with a strong foundation for success.
