Dubai, UAE – Pinnacle Capital, a leading family office and investment firm, has announced the establishment of a $100 million Web3 fund, reaffirming its commitment to driving the growth of blockchain and digital asset technologies. The new fund will target innovative projects at the intersection of blockchain and artificial intelligence (AI), positioning Pinnacle Capital at the forefront of the next wave of Web3 development.
Recent data indicates a resurgence of venture capital interest in the crypto sector, with funding increasing from $550 million in July to $633 million in August. Despite ongoing market challenges, Pinnacle Capital remains confident in the transformative potential of Web3 technologies. As a pioneering VC firm, Pinnacle believes the convergence of AI and blockchain presents a pivotal opportunity to shape the future of digital finance and decentralized economies.
Strategic Investments and Industry Partnerships
Pinnacle Capital has built a reputation for its diversified investments across energy, real estate, and healthcare. With the launch of the new Web3 fund, the firm is extending its expertise into the digital asset space, securing partnerships with a range of forward-thinking blockchain projects. Key collaborators include Celestia, OORT, Elixir Protocol, Fuel, Layer Zero, TrendX, Counter Fire, Wormhole, and DeAgent.ai, among others. These alliances will help Pinnacle Capital explore and capitalize on cutting-edge innovations across multiple layers of the blockchain ecosystem.
"We see the fusion of AI and blockchain as an inflection point that will significantly accelerate the adoption and evolution of digital assets," said a Pinnacle Capital spokesperson. "Our strategy focuses on identifying protocols with real product-market fit, sustainable business models, and the potential to drive a new era of economic innovation."
A Partnership with the UAE Highness Foundation
Leveraging its expertise in traditional investment and hedge fund management, Pinnacle Capital has partnered with the UAE Highness Foundation to establish itself as a strategic gateway for the Abu Dhabi consortium's exploration of Web3 technology and wealth management. This collaboration underscores Pinnacle Capital's mission to bridge the gap between traditional finance and the rapidly evolving digital economy.
About Pinnacle Capital
Pinnacle Capital is a global private investment firm with a diverse portfolio that spans venture capital, hedge funds, quantitative fund-of-funds, and innovation funds. The firm is committed to fostering the growth of emerging technologies, with a particular focus on AI, decentralized infrastructure (DePIN), SocialFi, DeFi, GameFi, and NFTs. Pinnacle Capital partners with best-in-class external investment managers to identify and invest in high-impact opportunities that drive technological progress and economic growth.
For more information, visit https://pin.capital or contact us at bp@pin.capital.
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Pinnacle Capital
