Venture capital fund and studio Ixia Capital has launched with an investment of $20 million focused on high-growth companies across gaming, esports, digital assets, and complementary technologies.
Founded by partners with “extensive firsthand experience in the iGaming industry,” Ixia Capital is a global fund with a focus in India, Africa, and UAE, where the company’s self-described mission is “to accelerate development and manage risks to help ventures succeed in specialized fields.” The fund is based in the Cayman Islands, while the Ixia Studio is headquartered in the USA.
Mona Motwani, Ixia Capital CEO and Venture Partner, said: “It’s a proud moment for us to officially launch Ixia Capital. Our mission is partnering with driven entrepreneurs to equip them with resources, expertise, exposure, and capital that allow them to build the best ideas into great companies. Through this hands-on approach, Ixia is all about accelerating ideas and mitigating risks.”
Ixia Studio, the venture studio arm of Ixia Capital, is in the process of launching six projects – FasFas Games, a Sports NFT Trading Exchange, a Gaming Loyalty Reward Platform, a Sports Investment Thought Leadership Platform, and a Sports Coverage and Games Engagement App. The role of the Studio is to provide funding, resources, and operational support to help entrepreneurs build and scale companies, says Ixia.
It should be noted that in September, the General Commercial Gaming Regulatory Authority (GCGRA) was established in the UAE to establish a regulatory framework for national lottery and commercial gaming in the region. However, it remains unclear how the UAE’s gambling regulation will function.
While some operators hoped for a 2023 launch, the country has announced little progress since the start of 2024. However, industry insiders generally agree that regulated gaming is only a matter of time.
