The Beam Foundation has announced the launch of Beam Ventures, Abu Dhabi’s first venture fund exclusively focused on gaming, based in the Abu Dhabi Global Market (ADGM).
The $150 million fund aims to accelerate the development of gaming startups and contribute to the city’s emergence as a global gaming hub. The initiative is designed to nurture talent and elevate Abu Dhabi’s standing as a leading global gaming destination.
HE Saeed Al Fazari, Strategic Affairs Executive Director at the Department of Culture and Tourism, Abu Dhabi, celebrated the announcement, stating: “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.”
Mark Borsten, Chief Strategy Office at Beam Ventures, added: “We’re convinced that Abu Dhabi is set to be the epicentre of the world’s most exciting, pioneering tech and gaming innovation for years and decades to come.”
The initiative aligns with Abu Dhabi Gaming’s efforts to attract investment and foster confidence in the region’s gaming industry.
