Hashgraph Ventures Launches $100M Web3 and AI Fund in Abu Dhabi

Editorial Team

Last updated 9-12-2025

3 min

Hashgraph Ventures has completed the first close of its Web3 and AI fund in Abu Dhabi.

The fund is managed by ADGM's Financial Services Regulatory Authority with a $100M target size.

It includes blockchain, deep tech, and seed to Series B investments for burgeoning companies.

Their first investment is in Bloxtel, a telecom startup focusing on tokenised eSIM and 5G tech.

It's a strategic move aligning with Abu Dhabi's ambition in digital infrastructure development.

Hashgraph Ventures has wrapped up the first close of its early‑stage Web3 and AI fund in Abu Dhabi, a move that feels very much in line with the city’s growing ambition to become a heavyweight in next‑gen digital infrastructure. The announcement landed during Abu Dhabi Finance Week, where the firm hosted its official launch and pulled in more than 150 guests — everyone from senior policymakers to global VCs and digital‑asset specialists. I’ve seen a few of these gatherings over the years, and when a room fills that quickly, it usually means something’s brewing.

The fund itself sits under the supervision of the ADGM’s Financial Services Regulatory Authority and has a target size of 100 million US dollars. Its focus spans blockchain, deep tech, and the kind of Seed to Series B plays that often decide whether a young company ends up flying or fizzles out. I reckon this blend of early backing and regulatory clarity is part of why Abu Dhabi keeps climbing the ladder in the eyes of founders hunting for stable ground.

As part of its first deployment steps, Hashgraph Ventures confirmed it had joined the seed round of Bloxtel — a telecom infrastructure startup working on tokenised eSIM tech, or “dSIM,” and blockchain‑enabled 5G access points. If the name sounds familiar, it’s because Bloxtel’s founders previously built Simless, the original eSIM technology that’s now standard in modern smartphones. Spot on timing, given how operators worldwide are trying to re‑think private networks without all the usual faff.

In remarks shared with the announcement, Kamal Youssefi, Co‑Founder and Executive Chairman, called the milestone “a defining moment” for both the firm and the region, saying the investment signals a commitment to the frontier technologies shaping digital infrastructure. Dara Campbell, the Senior Executive Officer, described the week as “monumental,” noting that making the first close official during Abu Dhabi Finance Week sends a clear message about the firm’s goals. And believe it or not, from the way people in the MENA ecosystem talk these days, that ambition doesn’t sound far‑fetched at all.

Hashgraph Ventures positions itself as an early‑stage investor working across Web3, AI, decentralized physical infrastructure networks and core digital‑asset infrastructure. Its model mixes token participation with long‑term equity — a hybrid that some founders I’ve met at Arageek meetups quite like, though I’m not a fan of overly structured deals myself… they can get a bit tangled. That said, having institutional partners across the GCC and a mandate aligned with Abu Dhabi’s innovation agenda gives the fund a runway many younger firms would be chuffed to bits to have.

If anything, this first close feels like another marker of how fast Abu Dhabi is leaning into the future of digital networks. And as the region keeps drawing in talent and capital, I wouldn’t be surprized if stories like this become the norm rather than the headline.

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