Ghaf Capital Partners
Dubai Silicon Oasis, DDP, Building A1, Dubai, U.A.E.
Overview
GHAF Capital Partners was formed in Q1 of 2021 and is one of the fastest growing & first blockchain venture capital fund based in Dubai, U.A.E. The name was inspired by the beauty and characteristics of the Ghaf tree. Known for its strong roots, extreme self-sustenance, essential source of shade, food & medical supplies for all species, being one of the only evergreen trees in the harsh conditions of the desert. For us at GCP, we believe it is the perfect formula for a fund to base its values on. Our key focus is to bring value to all our partners and act as their extended team or bridge to the U.A.E.
- Total investments
- 5
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Blockchain
- Gaming
- Information Technology
Investment portfolio
- myco
Participated · Series A · Aug 2024
myco is a Dubai, UAE-based Web3 streaming platform and content streaming app that integrates AVOD and SVOD capabilities within a decentralized environment. The platform offers a vertically integrated content slate including live sports, films, documentaries, influencer and UGC content, and hosts over 1 million videos. It reports over 13 million registered users and more than 3 million monthly active users across over 190 countries. myco is available on Web, Apple Store, Google Play Store and Huawei App Gallery, and delivered over 1 billion impressions in the past 12 months. The company has advertising partnerships with 100+ brands and content partnerships with 50+ global channels. myco intends to use the funds to expand operations and its development efforts. The company was founded by Mr. Umair Masoom.
- Bluwhale
Participated · Seed · Mar 2024
Bluwhale offers a consumer-first platform that matches a user’s financial health score with an AI agent marketplace, enabling enterprises and developers to launch always-on financial services for a digitally native Gen Z audience. The company’s Layer-3, multi-chain infrastructure supplies data, storage, and compute to hundreds of AI agents that recommend assets and execute transactions securely on blockchains. Bluwhale’s ecosystem now serves more than 3.6 million users worldwide, positioning it as a leading real-world application of AI and blockchain convergence. On October 21, 2025 the firm conducted a Token Generation Event for $BLUAI, the native token that fuels its decentralized AI network. Management plans to direct new capital toward broadening institutional partnerships and integrating AI agents into everyday financial applications. By targeting the forthcoming wealth transfer to Millennials and Gen Z, Bluwhale aims to modernize financial services that remain reliant on physical branches and manual processes. Backing from both global banks and leading blockchain foundations underpins the company’s strategy to build secure, scalable, and interoperable AI for traditional and Web3 markets.
- Shardeum
Participated · Seed · Oct 2022
Shardeum is a scalable EVM-based layer-1 blockchain that deploys dynamic state sharding. Its dynamic state sharding approach keeps gas fees low and TPS high as participation grows by performing consensus at the transaction level and lowering the computational power required for validator nodes. This consensus mechanism aims to allow anyone to run a node and increase decentralization. The company intends to use the $5.4M in new funding to expand operations and accelerate development efforts. Operating metrics on the testnet as of July 7, 2023 include over 7.4 million transactions, 820K+ accounts and more than 230K contracts deployed. Shardeum raised an $18.2M seed round in October 2022 from investors including Jane Street, Big Brain Holdings, Struck Crypto, The Spartan Group, Ghaf Capital, DFG, CoinGecko Ventures and Foresight Ventures. Shardeum is a remote, EVM-based Layer 1 blockchain that implements sharding to increase transactions per second as nodes are added while retaining atomic cross-shard composability. The protocol emphasizes low gas fees forever and leverages dynamic state sharding to balance decentralization and security. Founded by Nischal Shetty and Omar Syed, the company raised $18.2M in Seed funding. Backers include Jane Street, Struck Crypto, The Spartan Group and a broad group of institutional and angel investors. The company plans to use the funds to further enhance its dynamic sharding technology, accelerate ecosystem development, and focus on product and design improvements. It will also expand research and marketing efforts and host hackathons in India and the U.S. to incentivize developers to build on the platform.
- SithSwap
Participated · Equity · Jun 2022
SithSwap is a next-generation automated market maker (AMM) built on StarkNet that offers instant volatile and stable swaps with ultra-low slippage, near-zero gas fees and the security of Ethereum. The protocol will natively support pool gauges, bribes and protocol rewards that can be locked in exchange for voting power to govern future protocol emissions and third-party incentives. The company is based in Road Town, British Virgin Islands. SithSwap plans to use the new funding to expand its talent pool by hiring Cairo developers and to expedite deployment of its core AMM contracts to the StarkNet Alpha Mainnet. Financially, SithSwap raised $2.65M in this round at a $25M valuation.
- Libre DeFi
Led · Seed · Sep 2021
Libre DeFi is building a cross-chain decentralized finance platform offering one-click farming and staking. The team plans a Q4 2021 launch of its first Dapp, with the platform going live across Binance Smart Chain, Polygon Network, and Avalanche Network. The release will coincide with the launch of the $LIBRE token; the first iteration of the Dapp is slated for October 2021. Beyond yield farming opportunities, the company is developing NFT utility and planning to enter the GameFi space. Founded at the end of 2020 by Julian Vasil and Josh Davis, Libre is headquartered in Toronto, Canada. The company completed an $800,000 seed round to fund continued development and ecosystem building.
Team
Ilya Tokhner
Partner
LinkedIn