UAE Cypher Capital Launches USD 100 Million Blockchain Fund
The UAE based fund is focused on crypto, blockchain and digital asset projects, with a special interest in projects in the DeFi, GameFi, and Metaverse space
UAE Cypher Capital, a private venture capital firm rooted in MENA region, has launched a 100 million USD Blockchain crypto private seed fund. The USD 100 million Blockchain fund will focus on investments in blockchain, crypto and other digital asset projects who have genuine value propositions.
Cypher Capital will take an entrepreneurial approach to building its portfolio and will focus on seed funding, but taking stakes in GPs and LPs as part of its value proposition as well.
Cypher Capital has already invested USD1.5 million into Crypto Oasis Sentio, showcasing its belief that cooperating with other private venture capital funds builds the blockchain ecosystem. “We aim to cooperate with and expand the ecosystem by working with visionary innovators, outstanding talent and other venture capital partners to create a holistic blockchain community with will in turn, foster the growth of the ecosystem” commented Bijan.
Bijan has his sights set on making Cypher Capital an industry leader by working alongside other industry leaders, innovators and people with a vision.
Cypher Capital also plans to take a very hands-on approach when it comes to mentoring the projects that it invests in and equipping entrepreneurs with the tools they need to succeed. Its 10,000 square foot crypto, blockchain and digital asset hub, under construction in JBR Dubai, is anticipated to be completed in August 2022, which will welcome crypto enthusiasts, entrepreneurs and startups, and be “the place to be” offering exclusive access and get-togethers for its members and the community.
According to Crunchbase data, pure venture funding—pre-seed, seed and all venture rounds—in the cryptocurrency space, is already at USD3.4 billion after just the first two months of 2022. A PWC report revealed that USD34 billion was raised by crypto companies globally in 2021.
Bijan Alizadeh already has a strong track record of investing in successful crypto and blockchain startups, some of the names of which include ACDX, a next-generation cryptocurrency derivatives trading platform, the Graph, an indexing protocol for querying networks that offer APIs, Near Protocol, an open source platform that accelerates the development of decentralized apps, Skale, an open source Web3 platform intended to bring speed and configurability to the blockchain and CasperLabs which provides enterprise solutions on Casper, an open source blockchain optimized for enterprise and developer adoption.
Cypher Capital is also working diligently to ensure that the blockchain ecosystem is an environmentally friendly and sustainable industry. One of its initiatives for doing this includes working closely with One Tree Planted, a 501 charity with a mission to help global reforestation efforts and offset carbon emissions, building a greener planet.
“We are stronger as a collective than as a single unit. It is together that we can make a difference. That is why Cypher Capital is not only building its own success, but looking to help others suceed with it, emparting knowledge onto the community and partnering with strong industry leaders to make a dramatic difference and distrupt the blockchain space” Bijan stated. The Cypher Capital investment team are working around the clock to find the best crypto, blockchain and digitial asset projects for Cypher Capital to work with. Various investments have already been made.