Cypher Capital Launches $100 Million Blockchain Fund – The Mobile Indian

Cypher Capital, a private venture capital firm with roots in the United Arab Emirates and the MENA region, today announced the launch of one of the largest seed funds in the region. The $100 million seed fund will focus on investments in blockchain, crypto and other digital asset projects that have real value propositions. Cypher Capital aims to invest 40% of the seed fund in emerging blockchain and crypto startups in India.

Cypher Capital’s $100 Million Blockchain Fund

The venture capital firm has already invested in more than 15 Indian blockchain startups like Safle, Solrazr, etc. from its fund. safe is an identity wallet and composite blockchain infra provider for the decentralized cryptoverse. Solrazr is the first decentralized developer ecosystem for Solana.

Cypher Capital will take an entrepreneurial approach to building its portfolio and will focus on seed funding with the Blockchain fund. Additionally, it also takes stakes in other established blockchain funds as General Partners (GP) and Limited Partners (LP) as part of its value proposition as well. Additionally, Cypher Capital has already invested $1.5 million in Crypto Oasis Sentio, demonstrating its belief that cooperation with other private venture capital funds strengthens the blockchain ecosystem.

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Cypher Capital also plans to take a very hands-on approach when it comes to framing the projects 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 at JBR Dubai, is scheduled for completion in August 2022, which will house crypto enthusiasts, entrepreneurs and startups, offering exclusive access and meetings for its members and the community .

“We aim to cooperate with and grow the ecosystem by working with visionary innovators, exceptional talents and other venture capital partners to create a holistic blockchain community which, in turn, will foster the growth of the ecosystem”, commented Bijan Alizadeh, founder and general partner of Capitale encrypted.

Casey J. Nelson