Abu Dhabi has solidified its standing as a premier global center for Web3 innovation following Hashgraph Ventures’ announcement of successfully completing the first close of its early-stage venture capital fund. The Abu Dhabi Global Market (ADGM)-regulated fund, which specializes in Web3 and artificial intelligence investments, has reached a significant milestone enabling immediate capital deployment to visionary entrepreneurs reshaping the digital economy landscape.
Having secured its fund management license from ADGM’s Financial Services Regulatory Authority (FSRA) in 2024, Hashgraph Ventures launched a $100 million global venture capital initiative (Hashgraph Venture Fund-I) that exceeded subscription expectations by 20%. The fund’s strategic focus targets blockchain and deep technology enterprises at Seed, Series A, and Series B development stages, positioning itself at the forefront of digital transformation financing.
In a parallel development demonstrating active deployment, Hashgraph Ventures confirmed its seed investment in Bloxtel—an innovative telecommunications infrastructure company pioneering tokenized eSIM (dSIM) technology and blockchain-powered 5G access points. Bloxtel’s leadership team includes the founders of Simless, the original creators of eSIM technology currently integrated into modern smartphones. This investment represents a strategic move toward decentralizing and simplifying private network deployment through cutting-edge blockchain applications.
Kamal Youssefi, Co-Founder and Executive Chairman of Hashgraph Ventures, emphasized the significance of this achievement: “This marks a defining moment for Hashgraph Ventures and for the region’s investment and innovation landscape. Abu Dhabi has become a global hub for visionary founders, investors, and policymakers—and we are proud to contribute to its rise as the world’s leading hub for Web3, AI, and decentralized networks.”
Dara Campbell, Senior Executive Officer of Hashgraph Ventures, added context to the announcement: “To complete our first close and announce a sector-defining investment during Abu Dhabi Finance Week—one of the most influential global finance gatherings—sends a clear message about our intent and ambition. Hashgraph Ventures is building a world-class investment platform from Abu Dhabi, for the world.”
The successful fund closure and strategic investment underscore the United Arab Emirates’ growing influence in the global digital infrastructure sector, positioning Abu Dhabi as a magnet for technological innovation and substantial venture capital investment in emerging technologies.