UAE based Sigma Capital, has announced it has successfully closed its $100 million crypto native fund, six months after it announced its launch in January 2025.
Vineet Budki, CEO and Managing Partner, of Sigma Capital noted in a LinkedIn post that he was thrilled as this was a major milestone to accelerate their Web3 innovation in the Middle East and globally. He stated, ” Sigma Capital is officially live! We are proud to announce the successful first close of our target $100 million crypto native fund.”
Sigma Capital focuses on DeFi, blockchain infrastructure, real-world asset tokenization, gaming, and AI startups. Backed by global thought leaders and builders, this milestone cements our position at the heart of the Middle East’s Web3 expansion.”
Vineet Budki is an expert in the Web3 space, and the former CEO and Managing Partner of Cypher Capital, also a Web3 VC based out of UAE leads the fund. He spearheaded over 300+ investments in high-profile projects, including Mysten Labs, Sei Network, Casper Labs, Web3Auth, Casper labs, Manta network, Mocaverse, Peak network and MyPetHooligan.
As noted in the post, the first close brings together an unparalleled network of industry leaders and investors, solidifying the UAE’s emergence as a global Web3 hub. Budki adds, “We’re excited to empower visionary founders with capital, strategic support, and deep market access to drive the next wave of blockchain innovation.”
He also noted that they have already finalized six investments and partnerships and will be announcing them shortly.
Investors and advisors in the $100 million Web3 investment fund include Yat Siu Animoca Brands, BORGET Sebastien The Sandbox, Sandy Climan, Michael Terpin, Pascal Gauthier, PolygonVentures, Victor Sunyer Carreras-Candi, Rabih I. Khoury, Aditya Julka and multiple family offices and foundations.
