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Sigma Capital Launches $100M Web3 Innovation Fund
Sigma Capital, a Web3 venture firm based in the Middle East, has announced a $100 million fund to support Web3 innovations. This initiative positions the UAE as a global center for Web3 and blockchain advancements. The fund, led by Web3 leader Vineet Budki, will focus on early-stage startups in DeFi, tokenization, and blockchain infrastructure.
The fund aims to invest in 100 early-stage projects, 25 liquid tokens, and 10 fund-of-fund allocations over three years. Sigma Capital will leverage its expertise to provide startups with capital and a broad network. This approach is designed to enable success in a rapidly evolving landscape.
With offices in Dubai and Singapore, and regulatory oversight from the Cayman Islands, Sigma Capital maintains strong compliance while accessing global opportunities. Their initiative reflects the UAE's vision to lead the decentralized economy and support financial innovation.
R. P.
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