Switzerland-based Hashgraph Group gets license to launch $100M Web3 fund

Hashgraph Group has received a fund management license from the Abu Dhabi Global Market (ADGM) to launch a $100 million Web3 venture capital fund.

Switzerland-based Hashgraph Group gets license to launch $100M Web3 fund

Venture Capital Fund Backs Hedera Network Innovators
Switzerland-based Hashgraph Group has received a fund management license from the Abu Dhabi Global Market (ADGM). The license grants Hashgraph Venture Management, enabling the company to launch a $100 million Web3 venture capital fund in ADGM.

Hashgraph Group will contribute $20 million, or 20% of the fund, as seed capital. The fund will focus on investing in startups and established companies within the Hedera ecosystem. Stefan Deiss, co-founder and CEO of Hashgraph Group, said the fund has received significant full support and interest from co-investors.

“We have received significant interest in our Web3 Ventures Fund from existing co-investors and ecosystem partners, including government agencies, sovereign wealth funds, venture capital funds, family offices and other accredited investors. In selecting strategic co-investor partners, we place a particular focus on building a diverse portfolio of assets in our target industry sectors,” said Deiss.

The CEO added that the group will focus on investing in companies that leverage the Hedera network and fostering collaboration among Web3 companies.

Kamal Youseff, president of the Hashgraph Association, said the nonprofit is eager to co-invest with entrepreneurs and businesses to build the next generation of Web3 solutions with positive socioeconomic impact.

The fund will prioritize strategic investments in Web3 and deep tech companies developing artificial intelligence (AI), blockchain, robotics, and quantum computing solutions. Qualified projects will have the opportunity to participate in the Hashgraph Association’s Venture Studio program.

“We evaluate investment opportunities based on key business and technology criteria to make informed investment decisions, while leveraging our extensive experience and expertise in deep tech to secure high investment returns for our investors as we nurture and scale impactful companies across multiple industries and geographies, driving sustainable innovation that changes lives for the better,” added Andrew Forson, Head of Ventures and Investments at Hashgraph Group.