Sigma Capital, a Web3 early-stage venture asset manager that operates across the GCC, has announced the launch of a US$100 million fund dedicated towards accelerating Web3 innovation in the Middle East and beyond.
The fund will focus on early-stage venture investments in areas such as decentralized finance (DeFi), blockchain infrastructure, real-world asset tokenization, gaming, and the metaverse. Sigma Capital will thus actively manage a portfolio of liquid tokens, with an aim to seize market opportunities that can generate consistent returns. The fund will also leverage high-yield DeFi strategies to optimize portfolio performance and invest in high-growth crypto venture funds that broaden exposure to emerging innovations.
The Sigma Capital investment team has already invested or partnered with multiple reputed blockchain players such as Polygon Technology, Morningstar Ventures, the Blockchain Founders Fund, Woodstock Fund, and many others.
Vineet Budki, a recognized leader in the Web3 space, will lead the fund. As the former CEO and Managing Partner at Cypher Capital, Vineet led over 300 investments in key ventures across DeFi, gaming, and infrastructure, including Mysten Labs, Sei Network, Casper Labs, Web3Auth, Manta Network, Mocaverse, Peak Network, and MyPetHooligan.
“We envision a digital economy that is more open, inclusive, and innovative. The UAE’s dynamic economy and forward-thinking regulatory environment provide the perfect backdrop for Web3’s next wave of innovation,” he said. Sigma Capital Fund I will empower startups with capital, equip them with access to Sigma Capital’s extensive network and investment expertise, and enable them to thrive in the rapidly evolving Web3 landscape.”
The Sigma Capital Investment Team brings years of experience in the blockchain space and has already established partnerships or investments with numerous respected blockchain entities, including Polygon Technology, Morningstar Ventures, the Blockchain Founders Fund, Woodstock Fund, and others.
Sandeep Naliwal, Founder of Polygon Technology, one of the leading players in the blockchain space, said: “The launch of Sigma Capital’s $100 million fund is a testament to Vineet’s expertise and to the UAE’s emergence as a global hub for blockchain innovation. I have no doubt this fund will catalyze the next wave of groundbreaking startups and solidify the region’s role in the decentralized economy.”
With offices in Dubai, Singapore, and the Cayman Islands, Sigma Capital aims to invest in 100 early-stage projects, 25 liquid tokens, and 10 fund-of-funds over the next three years. The firm’s strength comes from its expertise and global presence, using its network to connect with key exchanges, market makers, launchpads, and industry leaders.
Sigma Capital will also partner with Web3 hubs in 10 major cities worldwide, offering its portfolio companies valuable market insights and support to thrive in a competitive environment. By combining a diverse portfolio with strong market access, Sigma Capital aims to foster sustainable growth in both the global and GCC Web3 ecosystems.
