ECNETNews reports that Sigma Capital has launched a $100 million fund targeting investments in the rapidly evolving web3 sectors, specializing in areas from blockchain infrastructure to the metaverse.
In a significant move to bolster web3 innovation, Gulf-based Sigma Capital has unveiled the “Sigma Capital Fund I,” dedicated to channeling investments into decentralized finance, blockchain infrastructure, real-world asset tokenization, gaming, and virtual worlds, according to a recent announcement.
“In addition, as part of the fund, Sigma Capital will actively manage a portfolio of liquid tokens, seizing market opportunities to generate consistent returns.”
The fund aims to strategically invest in 100 early-stage startups, 25 liquid tokens, and 10 fund-of-funds within a three-year period. By employing high-yield strategies in decentralized finance, the firm plans to enhance the portfolio’s performance while diversifying its exposure to emerging web3 innovations through crypto venture funds.
Leading this initiative is Vineet Budki, the chief executive and managing partner of Sigma Capital. Budki emphasized the firm’s vision for a digital economy that is “more open, inclusive, and innovative,” noting that the UAE’s conducive economic and regulatory landscape is ideal for driving the next wave of innovation in web3.
While the specific criteria for startup selection remain undisclosed, the firm plans to collaborate with web3 hubs across 10 global cities to provide market insights and support for its investment strategy.
