Stay Informed
Get Industry News In Your Inbox…
Sign Up Today
Games-focused venture fund Beam Ventures is launching in Abu Dhabi with $150m to support promising game studios.
As part of its mission to position Abu Dhabi as a global gaming hub, Beam Ventures will launch an accelerator program focusing on early-stage web3 gaming and AI start-ups, offering in-person and remote participation.
Beam Ventures said it’s the first gaming-focused qualified investor fund in Abu Dhabi. It has yet to invest in any gaming studio.
The program aims to foster successful start-ups that will impact the gaming industry and beyond, particularly at the intersection of AI and video games.
Abu Dhabi as a gaming hub
“At Beam Ventures, one thing drives us above all else: innovation,” said Beam Ventures chief strategy officer Mark Borsten. “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 epicentre 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.”
Abu Dhabi strategic affairs executive director at the department of culture and tourism HE Saeed Al Fazari added: “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.”
