By
Godfrey Benjamin
October 9th, 2023
As a MENA native fund, Cypher Capital believes it has a big role to play in helping to build the blockchain and digital currency ecosystem within the region.
Cypher Capital, a private venture capital firm with a presence in the United Arab Emirates and the Middle East, and North America (MENA) region has launched a $100 million fund to back projects in the blockchain, crypto, and digital assets projects. As announced by the company, the fund will be used in seed investments for projects with markedly high-value propositions.
“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,” said Bijan Alizadeh, Founder, and General Partner at Cypher Capital. “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.”
Cypher Capital comes off as one of the dominant venture capital firms in the Middle East with Bijan spearheading the affairs of the company drawing on his broad experience base. Prior to the launch of the new $100 million funds, Cypher Capital had earlier invested in another private VC fund Crypto Oasis Sentio. The investment round attests to the startup’s inherent belief that cooperating with other companies that share its visions is a more viable way of building the blockchain ecosystem.
Beyond investing in the projects it earmarks, Cypher Capital will also be supporting the startups with the tools, and the right networking they need to thrive. The company’s portfolio spans innovative outfits including CasperLabs, Near Protocol, Skale, The Graph, and ACDX, a next-generation cryptocurrency derivatives trading platform.
Cypher Capital to Power Crypto Innovation
As a MENA native fund, Cypher Capital believes it has a big role to play in helping to build the blockchain and digital currency ecosystem within the region. In order to achieve this, the fund is building a 10,000 square foot crypto, blockchain, and digital asset hub that is set to go live in August this year.
Barring any form of unfavorable turn in events, the crypto hun, located in JBR Dubai 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.
“We are stronger as a collective than as a single unit. It is together that we can make a difference. That is why Cypher Capital is not only building its own success, but looking to help others succeed with it, imparting knowledge onto the community and partnering with strong industry leaders to make a dramatic difference and disrupt the blockchain space,” Bijan stated. The Cypher Capital investment team is working around the clock to find the best crypto, blockchain, and digital asset projects for Cypher Capital to work with. Various investments have already been made.
Besides Cypher Capital, Luno’s Venture Capital, and Sequoia Capital and others are amongst the few companies that have launched a dedicated fund to invest in the crypto ecosystem.