Cypher Capital, a private venture capital firm based in the UAE and MENA region, has launched a $100 million seed fund, one of the region’s biggest seed funds.
The fund will focus on investments in blockchain, cryptocurrency and other digital asset ventures which have genuine value propositions, with a special interest in projects in the DeFi, GameFi, and Metaverse space.
Cypher Capital will take an entrepreneurial approach to build its portfolio and will focus on seed funding, but taking stakes in General Partners (GPs) and Limited Partners (LPs) as part of its value proposition as well.
The company has already invested $1.5 million into Crypto Oasis Sentio, showcasing its belief that cooperating with other private venture capital funds builds the blockchain ecosystem.
Bijan Alizadeh Founder, General Partner Cypher Capital
“We are very proud and honored to be launching our first and the biggest crypto, digital asset and blockchain private seed fund from the UAE and the Middle East Region. We will collaborate closely with our portfolio projects, offering them access to our network and equipping them with our knowledge, as well as investing alongside other venture capital partners into innovative digital asset projects.”
Cypher Capital also plans to adopt a hands-on approach when it comes to mentoring and equipping entrepreneurs with the tools they need to succeed in projects that they invest in.
Its 10,000 square foot crypto, blockchain and digital asset hub, under construction in Jumeirah Beach Residence (JBR) Dubai, is expected 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.
It is also working diligently to ensure that the blockchain ecosystem is an eco-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.
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