First fund at $100 M launched by Sigma Capital to accelerate Web3 innovation

The $100 million Sigma Capital Fund I, which is devoted to propelling the next wave of Web3 innovation in the Middle East and around the world, was launched today by Sigma Capital, a prominent Web3 early-stage venture asset manager. The launch of the Fund emphasizes the UAE’s expanding position as a global center for the blockchain and Web3 industries.

The Sigma Capital Fund Early-stage venture investments in game-changing fields like DeFi, blockchain infrastructure, real-world asset tokenization, gaming, and the metaverse will be my main focus. Additionally, Sigma Capital will actively manage a portfolio of liquid tokens as part of the Fund, taking advantage of market opportunities to produce steady returns.

Additionally, Sigma Capital will invest in high-growth cryptocurrency venture funds to increase the Fund’s exposure to new Web3 innovations and will use high-yield DeFi strategies to maximize the performance of the Fund’s portfolio.

As CEO and Managing Partner of Sigma Capital, Vineet Budki, a well-known figure in the Web3 industry, will also serve as the fund’s primary portfolio manager. Vineet led more than 300 investments in top DeFi, gaming, and infrastructure ventures, such as Mysten Labs, Sei Network, Casper Labs, Web3Auth, Manta Network, Mocaverse, Peak Network, and MyPetHooligan, while serving as the former CEO and Managing Partner at Cypher Capital, another top Web3-native early-stage venture asset manager with headquarters in the United Arab Emirates.

With years of blockchain investment experience, the Sigma Capital Investment Team has already made investments in or partnered with a number of well-known blockchain companies, including Polygon Technology, Morningstar Ventures, the Blockchain Founders Fund, Woodstock Fund, and many more.

Vineet Budki said, “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. Sigma Capital Fund I will empower startups with capital, equip them with access to Sigma Capital’s extensive network and investment expertise, and will enable them to thrive in the rapidly evolving Web3 landscape.”

Sandeep Naliwal, Founder of Polygon Technology, one of the leading players in the blockchain space, commented on the fund announcement: “Vineet’s track record as a visionary leader in Web3 speaks for itself. His deep understanding of market dynamics and foresight in nurturing high-impact projects have been pivotal in advancing the Web3 ecosystem. 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 catalyse the next wave of groundbreaking startups and solidify the region’s role in the decentralised economy.”

Over the next three years, Sigma Capital intends to distribute the Fund’s investments among ten fund-of-funds allocations, 25 liquid tokens, and 100 early-stage projects. The firm’s demonstrated expertise and global reach give it a strategic edge. It uses its network to gain access to important exchanges, market makers, launchpads, and opinion leaders.

In order to help the Fund’s portfolio companies succeed in a cutthroat market, Sigma Capital will also work with Web3 hubs located in ten different cities throughout the world. In the Global and GCC Web3 ecosystems, Sigma Capital will promote sustainable growth by fusing a diversified portfolio with extensive market access.

With offices in Dubai, Singapore, and the Cayman Islands, Sigma Capital guarantees access to international opportunities while upholding a robust compliance framework.

The UAE’s increasing significance as a global hub for Web3 & Blockchain innovation and institutional capital flows is highlighted by Sigma Capital’s $100 million fund launch. The UAE’s strategic vision to lead the decentralized economy is well-aligned with the company’s dedication to empowering startups, opening the door for the region to develop into a center for financial innovation and transformative technologies.