Gulf-based Sigma Capital Launches $100 Million Fund to Drive Web3 Innovation
Sigma Capital, a private equity firm specializing in early-stage startups, has introduced a $100 million fund to invest in various web3 sectors, ranging from blockchain infrastructure to the metaverse.
Sigma Capital recently announced the launch of their latest venture, the Sigma Capital Fund I, with a focus on driving innovation in the web3 space. The $100 million fund is earmarked for projects within decentralized finance, blockchain infrastructure, real-world asset tokenization, gaming, and the ever-expanding metaverse landscape, as revealed in a press release on January 14th.
“In addition, and as part of the fund, Sigma Capital will actively manage a portfolio of liquid tokens, seizing market opportunities to generate consistent returns.”
– Sigma Capital
Over the next three years, Sigma Capital plans to invest in a diverse range of opportunities, including 100 early-stage startups, 25 liquid tokens, and 10 fund-of-funds. The firm intends to leverage high-yield strategies in decentralized finance to optimize portfolio performance and explore investments in high-growth crypto venture funds to expand exposure to emerging web3 innovations.
Leading the charge is Vineet Budki, the firm’s chief executive and managing partner, who expressed his vision for a digital economy that is more open, inclusive, and innovative. Budki highlighted the UAE’s conducive economic environment and regulatory landscape as the ideal backdrop for the next wave of web3 innovation.
While specific selection criteria for startups have not been disclosed, Sigma Capital plans to collaborate with web3 hubs in ten global cities to gain market insights and provide support to the chosen projects.