According to Deep Tide TechFlow, on December 26, as reported by Bitcoin.com, Hashgraph Ventures Manager, a subsidiary of Switzerland's Hashgraph Group, has obtained a fund management license from the Abu Dhabi Global Market (ADGM) and will launch a $100 million Web3 venture capital fund.
The group will provide $20 million as seed funding, focusing on investments in early and mature companies within the Hedera ecosystem. The fund will focus on deep tech fields such as AI, blockchain, robotics, and quantum computing, with selected projects having the opportunity to participate in the Hashgraph Association's venture studio program.
According to CEO Stefan Deiss, the fund has garnered strong interest from institutional investors including sovereign wealth funds, venture capital funds, and family offices.