Sigma Capital, a United Arab Emirates-based Web3 venture fund, announced the launch of its $100 million blockchain startup fund to help propel firms building in decentralized finance aka DeFi, blockchain infrastructure, real-world asset tokenization, gaming, and the metaverse.
early-stage projects
The fund will focus on early-stage projects, while actively managing a portfolio of liquid tokens and high-yield DeFi strategies to optimize its portfolio performance.
“We envision a digital economy that is more open, inclusive, and innovative,” said CEO and Managing Partner Vineet Budki, in a statement. “This fund empowers startups with capital, equips them with access to our exclusive network and expertise, and enables them to really thrive in a rapidly involving landscape.”