Thursday, September 29, 2022

Cypher Capital Launches $100M Fund Targeted at Blockchain Startups

Following the great successes of Phoenix technology venture capital this year, Bijan Alizadeh, founder of Phoenix technology has ventured into the establishment of another company, Cypher Capital.

The Dubai-based blockchain-focused venture capital firm has recently announced the takeoff of the region’s largest fund valued at $100 million. The private investment fund will be channeled into the growth of the blockchain ecosystem, and also invested in crypto tokens amongst other digital assets of value.

The funding is the first enormous fund coming from the UAE and the Middle East Region according to Bijan Alizadeh – Cypher Capital’s Founder who has vast knowledge in crypto and blockchain investment with over 60 successful financial investments schemes linked to him. He has also financed progressive blockchain projects that have substantial value recommendations for customers to maximize profits and minimize risks.

The venture capital firm offers productive complete market access in the Middle East and Africa region, thereby enhancing end-user adoption and expanding campaign enrollment for blockchain technology-based businesses. It also believes that partnering with other corporations will improve the blockchain ecosystem which is why it is collaborating with and financing crypto projects and startups.

Start-ups and projects that Cypher Capital backs will enjoy the firm’s wealth of experience and expertise in mentoring to provide companies with the essentials required to grow in the digital assets world. Although Cypher Capital’s emphasis is majorly on the Decentralized Finance (DeFi), GameFi, and the metaverse space, it’s also open universally to innovative blockchain projects.

Cypher Capital’s 10,000 square foot crypto and blockchain hub is currently under construction in JBR Dubai and is on track to be completed in August 2020. Upon completion, the blockchain hub will onboard crypto investors, startups, and enthusiasts alike.

The asset management startup also intends to make the blockchain ecosystem sustainable and environmentally friendly as it has collaborated with One Tree Planted – a 501 charity committed to offsetting carbon emission through global reforestation and building a greener planet.

Although the year is still in its first quarter, several venture firms have shown support for crypto-inclined operations. One of which is the California-based venture capital firm, Sequoia Capital which announced a $600 million fund for backing startups that are crypto-related as reported by cryptomarketsbeat.

Joyce Onose
A Blockchain enthusiast and growing writer in the space with an understanding of the importance in creating quality content for readers in the industry. Also, keen on using her skills in improving Blockchain journalism.

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