Sigma Capital, a UAE-based Web3 investment fund, has just announced the launch of a $100 million fund aimed at supporting early-stage blockchain startups. This fund focuses on areas such as DeFi, blockchain infrastructure, tokenization of real assets, gaming, and the metaverse.
Investment Strategy and Vision
The fund will target promising early-stage projects while managing a portfolio that includes liquidity tokens and high-yield DeFi strategies.
Vineet Budki, CEO and Managing Partner of #SigmaCapital , shared:
“We aim to build a more open, inclusive, and innovative digital economy. This fund not only provides capital but also brings our exclusive network and experience to help startups thrive.”
Vineet Budki is someone who has led investments in over 300 projects at Cypher Capital, including Mysten Labs (Sui blockchain), Sei Network, and Animoca Brands’ Mocaverse.
Support from the Global Ecosystem
Sandeep Naliwal, co-founder of Polygon, stated:
“Vineet's experience and vision in #Web3 are undeniable. The launch of this fund affirms the UAE's position as a global blockchain hub.”
Sigma Capital is currently present in 10 major cities around the world, with two main hubs in Dubai and Singapore. The fund plans to invest in 100 early-stage projects, 25 liquidity tokens, and 10 indirect investments through other funds over the next 3 years.
Opportunities for Blockchain Startups
This $100 million fund is not only a source of capital but also a bridge between startups and a global network of partners, providing opportunities for sustainable growth in the Web3 era.
(Note: Investing in cryptocurrency carries risks. Please consider before participating.)#anhbacong
