Sigma Capital Launches $100 Million Fund for Early-Stage Web3 Ventures
Sigma Capital has launched a $100 million fund, Sigma Capital Fund I, aimed at supporting early-stage Web3 projects globally, with a focus on the Middle East. The fund will invest in sectors including decentralized finance, blockchain, tokenization, gaming, and the metaverse. Additionally, it will manage a liquid token portfolio to take advantage of market opportunities.
Investment Strategy
- The fund aims to invest in 100 early-stage projects, 25 liquid tokens, and 10 fund-of-funds over three years.
- Focus on leveraging high-yield DeFi strategies for optimizing portfolio performance.
- Collaboration with Web3 hubs in 10 cities worldwide for market insights and support.
The CEO, Vineet Budki, emphasized the goal of fostering an accessible digital economy and highlighted the UAE's conducive environment for Web3 ventures. Industry leaders, including Polygon founder Sandeep Nailwal, have expressed support for the initiative, citing its potential to drive innovation within the decentralized economy.
Sigma Capital operates in Dubai, Singapore, and the Cayman Islands, showcasing a decade of investment experience in blockchain and partnerships with major industry players.