UAE-based Cypher Capital has launched a $100 million VC fund to invest in startups in blockchain, crypto and other digital assets.
Bijan Alizadeh, founder and general partner at Cypher Capital and an experienced crypto & blockchain investor, with over 60 projects under his belt and a strong track record of spearheading blockchain & crypto adoption, commented:
“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,”
“This fund reflects our vision to be the leading global partner for projects in the blockchain, crypto and digital asset community. 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 blockchain, crypto and digital asset projects,” added Alizadeh.
Cypher Capital will take an entrepreneurial approach to building its portfolio and will focus on seed funding, but will also take stakes in GPs and LPs as part of its value proposition as well.
Cypher Capital 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. “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 which will in turn, foster the growth of the ecosystem,” Alizadeh pointed out.
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.
