Abu Dhabi-based Hashgraph Ventures Manager Ltd, a licensed venture capital fund operating under the Abu Dhabi Global Market (ADGM), has announced a $1 million pledge to the Hedera Africa Hackathon. This commitment aims to accelerate digital transformation and foster Web3 and AI innovation across the African continent, with exceptional projects from the event being evaluated for potential investment.
ADGM-Based Fund Eyes High-Growth African Ventures
The pledge reflects Hashgraph Ventures’ broader mandate to support high-growth, early-stage ventures building real-world solutions in blockchain, AI, and deep technology. The initiative underscores a strategic push from the UAE’s capital to deploy institutional capital into promising global tech ecosystems.
Dara Campbell, Senior Executive Officer of Hashgraph Ventures, stated, “We’re incredibly excited to support the next wave of Web3 and AI talent emerging from Africa and other high-growth markets. Our $1 million pledge goes beyond capital and brings the full weight of our global network and strategic partnerships across the Middle East, the US, and Asia to help founders scale.”
A Milestone for Africa’s Largest Web3 Initiative
The Hedera Africa Hackathon has established itself as the continent’s largest Web3 innovation event. In partnership with The Hashgraph Association and Exponential Science Foundation, the hackathon engaged 13,000 developers and generated 1,300 project submissions from over 20 African cities. With Hashgraph Ventures’ pledge and a commitment from United Gulf Financial Services (UGFS), the total equity investment pool for hackathon projects now stands at $2 million.
“We are pleased that Hashgraph Ventures will be pledging $1 million to the Hedera Africa Hackathon as this not only reflects their commitment to support scalable, real-world adoption of DLT but also of the success that the Hedera Africa Hackathon has achieved,” noted Kamal Youssefi, President of The Hashgraph Association. “We believe Africa’s developer ecosystem holds immense potential to shape the future of decentralized finance, AI-driven innovation, and digital inclusion.”
Bolstering Abu Dhabi’s Digital Asset Hub Status
This investment reinforces Abu Dhabi’s growing role as a global center for regulated digital asset management and venture innovation. By operating under ADGM’s globally recognized financial framework, Hashgraph Ventures ensures full transparency, governance, and investor protection, supporting the Financial Services Regulatory Authority’s (FSRA) vision for compliant and responsible capital deployment in the digital asset landscape.
About Hashgraph Ventures
Hashgraph Ventures is a strategic venture capital fund regulated and licensed by the Financial Services Regulatory Authority (FSRA) within Abu Dhabi Global Market (ADGM). The fund invests in Web3, AI, and deep-tech companies that drive the adoption of distributed ledger technology and digital assets. With a portfolio spanning early-stage and growth-stage opportunities, Hashgraph Ventures focuses on token-equity hybrid models, AI-integrated infrastructure, and real-world asset tokenization.
Source: Zawya
