Sigma Capital Unveils $100M Fund to Propel Global Web3 Innovation from the UAE
DUBAI, UNITED ARAB EMIRATES – 16/01/2025 – (SeaPRwire) – In a bold move that underscores the UAE’s prominence as a global nucleus for Web3 and blockchain innovation, Sigma Capital has unveiled a groundbreaking $100 million fund aimed at fostering the next generation of decentralized technologies. The initiative not only highlights the region’s increasing influence but also reinforces its commitment to shaping the digital economy of tomorrow.
The newly launched fund by Sigma Capital is set to revolutionize early-stage Web3 investments by targeting transformative areas such as decentralized finance (DeFi), blockchain infrastructure, real-world asset tokenization, gaming, and the metaverse. As part of its strategy, the fund will actively manage a diverse portfolio of liquid tokens and capitalize on high-yield DeFi opportunities to deliver consistent returns. Additionally, investments will be funneled into promising crypto venture funds to broaden exposure to emerging innovations.
Leading this ambitious endeavor is Vineet Budki, a stalwart in the Web3 domain and the former CEO and Managing Partner at Cypher Capital. With a proven track record of over 300 high-profile investments, including Mysten Labs, Sei Network, Casper Labs, and more, Budki brings unparalleled expertise and vision to Sigma Capital. Under his guidance, the firm aims to amplify its reach and impact in the rapidly evolving blockchain ecosystem.
“Our vision is to create a digital economy that’s not only open and inclusive but also a beacon of innovation,” said Budki, CEO and Managing Partner at Sigma Capital. “With the UAE’s progressive regulatory framework and dynamic economic environment, we are ideally positioned to empower startups with both capital and critical expertise, enabling them to thrive in today’s competitive landscape.”
Key industry leaders have lauded the initiative, emphasizing the potential ripple effects on the global blockchain ecosystem. Sandeep Naliwal, Founder of Polygon Technology, expressed his confidence in Sigma Capital’s leadership, stating, “Having worked alongside Vineet, I’ve witnessed his acute understanding of Web3 dynamics. Sigma Capital’s approach will undoubtedly support builders creating transformative solutions.”
Over the next three years, Sigma Capital plans to strategically deploy investments across 100 early-stage projects, 25 liquid tokens, and 10 fund-of-fund allocations. The firm’s ability to leverage its extensive network of exchanges, market makers, launchpads, and opinion leaders provides it with a distinct edge in the blockchain space.
Operating from dual headquarters in Dubai and Singapore, Sigma Capital benefits from regulatory oversight in the Cayman Islands, ensuring robust compliance while maintaining access to global opportunities. This international footprint enables the firm to support Web3 hubs in 10 global cities, offering portfolio companies deep market insights and unparalleled access to key stakeholders in the industry.
Danilo S. Carlucci, Founder & CEO of Morningstar Ventures, noted, “Sigma Capital’s $100 million fund is a testament to the Middle East’s growing influence in blockchain innovation. This initiative will not only foster the growth of Web3 startups but also solidify the region’s position as a leader in financial technology.”
The launch of Sigma Capital’s fund is emblematic of the UAE’s strategic vision to establish itself as a global hub for decentralized technologies. With a focus on empowering startups, Sigma Capital’s initiatives align seamlessly with the region’s ambition to lead the decentralized economy while fostering long-term growth and sustainability in the blockchain space.
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