Abu Dhabi-based venture capital firm Hashgraph Ventures, regulated by the Financial Services Regulatory Authority (FSRA) within Abu Dhabi Global Market (ADGM), has announced the successful first close of its early-stage venture capital fund focused on Web3 and AI. The milestone enables the firm to begin deploying capital to founders shaping the future of the decentralized economy.
The announcement was strategically made during Abu Dhabi Finance Week (ADFW), where Hashgraph Ventures hosted its official launch event for over 150 guests, including senior government officials, venture capitalists, and digital asset leaders.
Abu Dhabi’s Growing Web3 and AI Hub
The strong turnout for the launch at ADFW underscores Abu Dhabi’s rapid emergence as a global destination for digital asset innovation and institutional-grade venture formation
By launching its USD100 million fund from the UAE capital, Hashgraph Ventures is contributing to this momentum.
Kamal Youssefi, Co-Founder and Executive Chairman of Hashgraph Ventures, commented, “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.”
A USD100 Million Fund for Digital Transformation
After receiving its fund management license from ADGM’s FSRA in 2024, Hashgraph Ventures launched its USD100 million global fund, Hashgraph Venture Fund-I. The fund’s investment framework targets blockchain and deep technologies, with a primary focus on Seed, Series A, and Series B stages. The firm is dedicated to backing entrepreneurs who are driving the next wave of digital transformation.
First Investment in Decentralized Telecom
As part of its active deployment strategy, Hashgraph Ventures also confirmed its participation in the seed funding round for Bloxtel. Bloxtel is a next-generation telecom infrastructure company that leverages tokenized eSIMs (“dSIM”) and blockchain-enabled 5G access points to simplify and decentralize private network deployment.
The company is led by the original founders of Simless, the creators of the eSIM technology now standard in modern smartphones.
About Hashgraph Ventures
Hashgraph Ventures is an ADGM-regulated early-stage venture capital fund investing across Web3, AI, decentralized physical infrastructure networks (DePIN), and foundational digital-asset infrastructure. The firm’s strategy blends structured token participation with traditional long-term equity investing, enabling early distributions while maintaining sustained upside potential. With deep institutional relationships across the GCC, global venture connectivity, and a mandate aligned with Abu Dhabi’s innovation agenda, Hashgraph Ventures is establishing one of the sector’s most disciplined, founder-aligned, and forward-leaning investment platforms.
Source: Zawya
