Sigma Capital, a leading Web3 venture firm, announced the launch of a $100 million fund to boost Web3 innovations in the UAE and worldwide.
Fund Goals and Directions
The fund will focus on early-stage venture investments in areas such as DeFi, blockchain infrastructure, asset tokenization, gaming, and the metaverse. Sigma Capital will actively manage a portfolio of liquid tokens and leverage high-yield strategies.
Fund Leadership and Team Expertise
Vineet Budki, a recognized leader in Web3, will lead the fund. His experience includes over 300 investments in high-profile projects. Sigma Capital's team has extensive experience in blockchain investments and has partnered with reputed players.
Strategic Cooperation and Prospects
Sigma Capital plans to deploy investments across 100 projects, 25 liquid tokens, and 10 fund allocations over three years. The firm will leverage its network for access to key exchanges and leaders.
Sigma Capital’s fund launch highlights the UAE's role as a hub for Web3 and blockchain innovation, committed to empowering startups and the UAE's vision for a decentralized economy.
