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THG launches USD 100 mn fund: Swiss-based tech and investment firm the Hashgraph Group (THG) is launching a USD 100 mn global venture capital fund after securing a fund management license for its subsidiary, Hashgraph Ventures Manager, from ADGM’s Financial Services Regulatory Authority, according to a press release (pdf). Portfolio startups will also benefit from THG’s Venture Studio Program, which offers expertise in engineering, productization, and commercialization.
Target sectors: The Hashgraph Venture Fund-I will focus on investing in early-stage and established deeptech startups that focus on the Web3 economy, including AI, IoT, blockchain, robotics, and quantum computing.
Who’s in? The Hashgraph Association is participating as an anchor investor, committing USD 20 mn. The fund has attracted significant interest from various investors, including government institutions and sovereign wealth funds, THG co-founder and CEO Stefan Deiss said.
