Sigma Capital, a Web3-focused venture fund based in the United Arab Emirates, has unveiled a $100 million blockchain startup fund to accelerate the growth of companies operating in decentralized finance (DeFi), blockchain infrastructure, real-world asset tokenization, gaming, and the metaverse. The initiative targets early-stage ventures while also optimizing portfolio performance through active management of liquid tokens and high-yield DeFi strategies.
The fund aims to foster a more open, inclusive, and innovative digital economy. According to the firm, it will not only provide capital but also offer startups access to its extensive network and expertise to help them thrive in the rapidly evolving blockchain landscape.
Leadership and Experience in Web3 Investments
Vineet Budki, CEO and Managing Partner of Sigma Capital, has played a pivotal role in shaping this initiative. He previously contributed to over 300 investment projects during his tenure at Cypher Capital, including notable ventures like Mysten Labs, the creator of the Sui blockchain, as well as Sei Network and Animoca Brands’ Mocaverse.
Industry experts have highlighted Budki’s significant impact on the Web3 ecosystem. His deep understanding of market trends and proven ability to identify and nurture high-potential projects have been instrumental in driving innovation within the sector. The launch of this fund further underscores the UAE’s position as a global hub for blockchain advancements.
A Global Approach to Blockchain Investment
Sigma Capital operates in collaboration with Web3 hubs across 10 cities worldwide and maintains dual headquarters in Dubai and Singapore. Over the next three years, the firm plans to allocate investments to 100 early-stage projects, 25 liquid tokens, and 10 fund-of-fund opportunities.
By strategically supporting early-stage blockchain startups and leveraging its global network, Sigma Capital is poised to drive significant advancements in the Web3 ecosystem. The fund’s launch aligns with the growing demand for innovative blockchain solutions and reaffirms the UAE’s commitment to fostering technological development in this rapidly expanding industry.