According to TechFlow, Hashgraph Ventures Manager, a subsidiary of Switzerland's Hashgraph Group, has obtained a fund management license from the Abu Dhabi Global Market (ADGM) and plans to launch a $100 million Web3 venture capital fund.
The fund will provide $20 million as seed capital, focusing on investing in companies within the Hedera ecosystem, focusing on Web3 projects in deep technology fields such as AI, blockchain, robotics, and quantum computing.
According to CEO Stefan Deiss, the fund has attracted strong interest from institutional investors such as sovereign wealth funds, venture capital funds and family offices.