Hashgraph Ventures announces first close for its Web3 AI early stage venture capital fund
Hashgraph Ventures, an ADGM/FSRA regulated Abu Dhabi–based venture capital fund has announced the first close of its Web3 and AI early-stage venture capital fund. This announcement comes a year after Hashgraph Ventures received its fund management license and launched its $100 million fund, the Hashgraph Venture Fund-I.
The announcement made during Abu Dhabi Finance Week (ADFW), marks Hashgraph Ventures’ capacity to start capital deployment towards founders and entrepreneurs who are redefining the Web3 economy.
Hashgraph Ventures also hosted its official launch event with over 150 guests. The gathering brought together senior government officials, tier-one venture capitalists, global law firms, digital asset leaders, and many of the region’s most influential investors and founders.
As part of its investment framework, Hashgraph Ventures aims to fund blockchain and deep technologies, focusing on Seed, Series A, and Series B stages and backing founders and entrepreneurs who are driving the next era of digital transformation.
One of its first investments has been in BIoxtel’s seed round. Bloxtel is a next-generation telecom infrastructure company leveraging tokenized eSIM (“dSIM”) and blockchain-enabled 5G access points to radically simplify and decentralize private network deployment. Bloxtel is led by the founders of Simless, the creators of the original eSIM technology now used in modern smartphones.
Kamal Youssefi, Co-Founder and Executive Chairman of Hashgraph Ventures, noted, “This marks a defining moment for Hashgraph Ventures and for the region’s investment and innovation landscape. The first close of our regulated fund and strategic investment in Bloxtel reflects our commitment to backing frontier technologies that will shape the next era of digital infrastructure. 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, “This has been a monumental week for our firm. 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. Our momentum reflects both the strength of this ecosystem and our long-term commitment to shaping the future of digital infrastructure from here in the UAE.”
