CandleFocus The Hashgraph Group launches $100 million Web3 fund in the UAE
2024-12-17
Author: Content Editor
The Hashgraph Group (THG), a Swiss-based international business, venture capital, and technology company, has obtained a fund management license in UAE through its subsidiary Hashgraph Ventures Manager Ltd. The company has launched a $100 million global Web3 venture capital fund (Hashgraph Venture Fund) licensed by the ADGM's regulatory authority. The fund will make strategic investments in deep-tech companies working on AI, IoT, blockchain/DLT, robotics, and quantum computing. The Hashgraph Association will seed the fund with $20 million. The fund's beneficiaries will have access to THG's Web3 Venture Studio programs. THG operates globally with a network of co-investment venture studios in partnership with various organizations. The UAE venture fund will focus on generating long-term returns through investments in early-stage and well-established companies leveraging deep technologies.
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