Venture asset management firm Sigma Capital introduces a $100 million fund dedicated to early-stage Web3 projects, aiming to invest in 100 startups and 25 liquid tokens over three years.
By Temitope Olatunji
Edited by Marco T. Lanz
Updated
3 mins read
Sigma Capital, a venture asset management firm specializing in early-stage Web3 ventures, has launched a $100 million fund, Sigma Capital Fund I. The firm revealed that the fund will be used to support and accelerate the development of innovative Web3 projects in the Middle East and worldwide.
Sigma Capital Fund I will focus on early-stage projects in decentralized finance, blockchain, tokenization, gaming, and the metaverse. It will also include active management of a liquid token portfolio to capitalize on market opportunities and deliver steady returns.
The CEO and Managing Partner of Sigma Capital, Vineet Budki, noted that the firm strives for a digital economy that is accessible, inclusive, and creative. He added that the UAE’s supportive economy and regulations make it ideal for Web3, and therefore, Sigma Capital Fund I will provide startups with funding, network access, and expertise to help them succeed in the Web3 industry.
The firm stated that it plans to invest the fund in 100 early-stage projects, 25 liquid tokens, and 10 fund-of-funds over three years. Its strength lies in its experience and global connections, offering access to exchanges, market platforms, and industry influencers. The company stated:
“Sigma Capital will also leverage high-yield DeFi strategies to optimize the Fund’s portfolio performance and will invest in high growth crypto venture funds that broaden the Fund’s exposure to emerging Web3 innovations.”
The company also revealed that it plans to work with Web3 hubs in 10 cities worldwide to provide in-depth market insight and support. Through a combination of a diversified portfolio and extensive market access, Sigma Capital will promote steady growth in the global and GCC Web3 sectors.
The founder of Polygon, Sandeep Nailwal, stated that the launch of Sigma Capital’s $100 million fund is proof of Vineet’s expertise and the UAE’s growing role in blockchain innovation. He added that he expects the fund to spark the next wave of pioneering startups in the decentralized economy.
Sigma Capital operates in countries like Dubai, Singapore, and the Cayman Islands, giving it access to global opportunities while maintaining strong compliance. With a decade of investment experience in the blockchain industry, the company is no newcomer to the field. It has invested in and partnered with diverse top players in the industry, such as Morningstar Ventures, Polygon Technology, Woodstock Fund, and Blockchain Founders Fund, among many others.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
