Hashgraph Ventures Manager, a licensed venture capital fund regulated by the Financial Services Regulatory Authority (FSRA) of ADGM, has pledged US$1 million to the Hedera Africa Hackathon, Africa’s largest Web3 innovation event.
The fund will consider selected projects from the hackathon for potential investment.
The initiative aligns with Hashgraph Ventures’ mandate to support early-stage ventures in blockchain, AI, and deep technology.
The fund is collaborating with The Hashgraph Association, a Swiss non-profit that promotes Hedera ecosystem adoption.
It is also working with the Exponential Science Foundation, a global organisation investing in advanced technologies.
With participation from United Gulf Financial Services (UGFS), total equity investment commitments now reach US$2 million.
This is in addition to a US$1 million prize pool contributed by The Hashgraph Association and Exponential Science Foundation.
As a regulated venture capital vehicle, Hashgraph Ventures operates under ADGM’s financial framework, ensuring governance, transparency, and investor protection.
The fund is managed by experienced blockchain investors with a track record of global exits.
“We are pleased that Hashgraph Ventures will be pledging US$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 becoming the largest Web3 hackathon globally,”
said Kamal Youssefi, President of The Hashgraph Association.
Dara Campbell, Senior Executive Officer of Hashgraph Ventures, added,
“Our US$1 million pledge goes beyond capital and brings the full weight of our global network and strategic partnerships to help founders scale. This hackathon aligns perfectly with our mission to empower emerging builders through tangible investment, institutional guidance, and long-term value creation.”
The Hedera Africa Hackathon, held from 1 August to 31 October 2025, engaged 13,000 developers across more than 20 African cities, generating 1,300 project submissions.
Participants developed Hedera-powered solutions in finance, healthcare, telecoms, sustainability, agriculture, and manufacturing, often combining AI, IoT, robotics, and quantum computing.
Featured image credit: Edited by Fintech News Middle East, based on image by byzain via Freepik
