Venture capital firm Cypher Capital launched one of the largest startup funds in the MENA region (Middle East and North Africa countries). The $100 million fund will focus on DeFi, GameFi and metaverse projects.
The UAE-based company focuses on taking a holistic approach to create an ecosystem for blockchain-related projects to succeed.
Bijan Alizadeh, founder and primary care physician at Cypher Capital, stated in a press release:
“We are very proud and honored to launch our first and largest crypto, digital asset and blockchain private seed fund from the UAE and the Middle East.”
Cypher Capital believes that partnering with other private companies will help perfect the blockchain ecosystem. This belief is reflected in Cypher’s latest $1.5 million investment in Crypto Oasis Sentio.
“We are committed to partnering with and expanding the ecosystem by partnering with visionary innovators, outstanding talent and other venture capital partners to create a holistic blockchain community that will in turn drive the growth of the ecosystem “,
Alizadeh is a renowned crypto investor – he was part of successful start-up projects, such as ACDX, Graph, Casper, Near Protocol and Skale.