Cypher Capital Launches $100 Million Blockchain Fund

Published on: 23 Mar 2022

The UAE-based fund is focused on crypto, blockchain and digital-asset projects, with a special interest in projects in the DeFi, GameFi and the Metaverse space.

 

  • $100 million seed fund for investing in crypto, blockchain and other digital asset projects

  • Cypher Capital aims to cooperate with, and expand the blockchain ecosystem, encompassing visionary innovators, outstanding talent and other venture capital partners to create a holistic community and facilitate the growth of the ecosystem as a whole

  • Cypher Capital will be launching its 10,000 square feet crypto, blockchain and digital assets hub in JBR Dubai in the months to follow

  • Cypher Capital firmly believes that it can make a dramatic difference to the projects it works with and the community as a whole

 

Dubai, United Arab Emirates - March 23rd, 2022: Cypher Capital, a venture capital firm based in the UAE, announced today the launch of one of the region’s biggest seed funds. The $100 million seed fund will focus on investments in crypto, blockchain and other digital assets projects, which have genuine value propositions.

“We are very proud and honored to be launching our first and the biggest crypto, blockchain and digital assets private seed fund from the UAE,” said Bijan Alizadeh, Co-Founder and Partner at Cypher Capital.

Bijan is an experienced crypto and blockchain investor with more than 60 projects under his belt and a strong track record of spearheading crypto, blockchain and adoption.

“This fund reflects our vision to be the leading global partner for projects in the crypto, blockchain and digital assets 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 in innovative crypto, blockchain and digital asset projects,” Bijan added.

Cypher Capital will take an entrepreneurial approach to building its portfolio and will focus on seed funding, but taking 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,” commented Bijan.

Bijan has his sights set on making Cypher Capital an industry leader by working alongside other industry leaders, innovators and people with a vision.

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 feet 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 start-ups, and be “the place to be”, offering exclusive access and get-togethers for its members and the community.

Vineet Budki, Managing Partner of Cypher Capital adds, “We have the knowledge and expertise to mentor projects and entrepreneurs and equip them with the tools they need for success. At the moment we are especially interested in projects in the DeFi (decentralized Finance), GameFi, and the Metaverse space but we are always on the lookout for innovative blockchain projects in general.”

According to Crunchbase data, pure venture funding — pre-seed, seed and all venture rounds — in the cryptocurrency space, is already at $3.4 billion after just the first two months of 2022. A PWC report revealed that $34 billion was raised by crypto companies globally in 2021.

Bijan Alizadeh already has a strong track record of investing in successful crypto and blockchain start-ups, including Kilt Protocol, a blockchain identity protocol for issuing anonymous, verifiable credentials that enable consumers to regain control of their digital identity; Sheesha Finance, a leading DeFi mutual fund that makes a diversified premium cryptocurrency portfolio accessible and rewarding; PAID Network, an ecosystem DAPP that leverages blockchain technology to deliver DeFi powered SMART Agreements to make business exponentially more efficient; Splinterlands, the next generation of collectible card games that allows players to collect, trade and battle with provably scarce digital collectibles with real world value, and CasperLabs which provides enterprise solutions on Casper, an open source blockchain optimized for enterprise and developer adoption.

Cypher Capital is also working diligently to ensure that the blockchain ecosystem is an environmentally-friendly and sustainable industry. One of its initiatives for doing this includes working closely with One Tree Planted, a 501 charity with a mission to help global reforestation efforts and offset carbon emissions, building a greener planet.

“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.

 

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About Cypher Capital

Cypher Capital is a venture capital firm based in the UAE focused on crypto, blockchain and digital asset-related projects worldwide. Cypher Capital takes a holistic approach in creating an ecosystem in which crypto, blockchain and digital asset-related projects can thrive under the mentorship and relationships that Cypher Capital has to offer. 

Cypher Capital is building a 10,000 sq. ft. hub for crypto and blockchain start-ups which is set to open in Q4 2022 in Jumeirah Beach Residence, Dubai. The hub reflects the company’s vision in contributing to the blockchain community and in providing mentorship and guidance to its members in all matters relating to their projects. To learn more, visit www.cyphercapital.com