The $100 million Sigma Capital Fund I, introduced by trailblazing venture asset management Sigma Capital, further solidifies the UAE’s standing as a hub for institutional investment and blockchain innovation. With an emphasis on supporting early-stage businesses, this program is expected to drive ground-breaking developments in Web3.
The Fund’s purview encompasses virtual economies, gaming, decentralised finance, and tokenisation of real-world assets. Under the direction of Web3 pioneer Vineet Budki, Sigma Capital’s seasoned leadership pledges to give businesses unmatched market intelligence, networking opportunities, and funding to prosper in a quickly changing economy.
We envision a more innovative, inclusive, and open digital economy,” Budki stated. “Sigma Capital Fund I will enable startups to flourish in the Web3 landscape by providing them with funding and access to wide networks.
Sigma Capital’s strategic edge is further strengthened by notable alliances with organisations like Blockchain Founders Fund and Morningstar Ventures. To ensure strong growth and returns, the Fund plans to diversify over the next three years across 100 startups, 25 liquid tokens, and 10 fund-of-funds allocations.
“Sigma Capital’s $100 million fund is a testament to the region’s growing influence in blockchain and financial technology,” said Danilo S. Carlucci, Founder & CEO of Morningstar Ventures. It will strengthen the United Arab Emirates’ standing as a pioneer in financial innovation.
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