Beam Ventures To Launch US$150 Million Abu Dhabi Gaming Fund

The Beam Foundation, a decentralized asset organization with a mission to maximize value accrual across various games in the metaverse, has unveiled Beam Ventures, a US$150 million gaming-focused venture fund set to launch in Abu Dhabi.

With a mission to empower visionary founders, Beam Ventures aims to accelerate the growth of emerging gaming startups, while playing a pivotal role in transforming Abu Dhabi into a global gaming center. 

Beam Ventures, in collaboration with local partners in Abu Dhabi, thus aims to foster an ecosystem that nurtures talent and positions the city as a premier destination for innovation in gaming. For its part, Abu Dhabi, with its community of gamers and developers, as well as initiatives like the creation of an Esports Island, has already been focused on attracting top talent in this domain to the region. 

Beam Ventures shall also run an accelerator program that will be tailored to support early-stage startups in Web3 gaming and artificial intelligence (AI), providing both in-person and remote participation options. It thus aims to cultivate a thriving ecosystem of startups that will make a significant impact on the gaming industry and beyond. 

In a statement, Saeed Al Fazari, strategic affairs executive director at Abu Dhabi's Department of Culture and Tourism, said, “Over the past three years, we have built a robust gaming infrastructure in Abu Dhabi, and establishing a dedicated gaming fund is a crucial step in ensuring that this ecosystem continues to thrive. This initiative aligns seamlessly with our Abu Dhabi Gaming efforts, reflecting our commitment to welcoming investments in the gaming industry and highlighting the trust and confidence investors have in our ecosystem. We remain deeply committed to attracting and nurturing talent in Abu Dhabi, contributing to the knowledge-sharing economy, and driving the growth of creative industries. This fund is another step forward in ensuring Abu Dhabi becomes a global hub for gaming excellence and innovation.” 

Mark Borsten, chief strategy officer, at Beam Ventures, added, “At Beam Ventures, one thing drives us above all else: innovation. In whatever form it might take, innovation has always been our lifeblood and our North Star – and that’s why we are so delighted to be bringing our pursuit of innovation to Abu Dhabi, a city that has shown itself time and again to share our mindset. We’re convinced that Abu Dhabi is set to be the epicenter of the world’s most exciting, pioneering tech and gaming innovation for years and decades to come. We have always sought the cutting edge at Beam Ventures, and we know that with this collaboration we have found exactly that. We look forward to other cutting-edge creators and founders joining us on this adventure.”