Sigma Capital, a newly launched venture capital firm, has set its sights on reshaping the crypto market. This new firm, founded by Vineet Budki, a former Cypher Capital executive, aims to raise $100 million. With an eye on the growing crypto market, Sigma Capital is poised to impact the industry significantly. Sigma Capital to Raise $100 Million Fund with Big Ambitions Sigma Capital’s debut fund aims for a substantial $100 million total capital, with about $40 million already secured in pre-commitments. These investments come from a diverse group, including crypto funds, high-net-worth individuals, and angel investors. Although Budki has kept their identities under wraps, despite the secrecy, it is clear that these backers bring a wealth of experience, having previously supported over 200 startups across the crypto landscape. This includes startups like Manta Network, Humanity Protocol, and Casper Labs. Budki is optimistic about the timing of this venture, noting optimistically that the current crypto market is poised to experience a bullish surge soon. Sigma Capital To Allocate Funds for Maximum Impact Sigma Capital’s $100 million fund will focus on three key investment categories over the next three years. 50% of the funds will go to early-stage crypto startups . Another 40% will be used for liquid tokens and high-yield DeFi strategies. The final 10% will be invested in other funds. Sigma plans to diversify its portfolio with up to 10 fund-of-funds deals, with average investments of $1 million each. This approach is designed to maximize returns while navigating the different dynamics of the crypto market. Budki focuses on early-stage ventures, with plans to back up to 100 startup deals with median check sizes of $500,000. A Vision for Long-Term Control and Wealth Budki’s vision for Sigma Capital is about more than quick profits. He sees crypto as a young industry with huge potential. Instead of focusing on short-term gains, he aims to help investors build long-term wealth and control. He aims to make Sigma a leading name in crypto investments, similar to how Sequoia and SoftBank dominate traditional venture capital. With experience in early-stage investments at firms like Cypher Capital and Phoenix VC, Budki has a strong track record. His team has already invested in big crypto projects like TON, Solana , Sui, Sei, and Berachain. This shows their skill in spotting and growing successful startups. The founder mentioned that Sigma Capital does not stick to one niche. It focuses on building blockchain infrastructure and large funding rounds in bear markets. In bull markets, it shifts to consumer-focused areas like gaming and real-world assets tokenization . Sigma Capital is based in Dubai and Singapore and will follow Cayman Islands regulations. The company plans to expand its team to about 30 people to handle the challenges of the crypto world effectively. The post Sigma Capital Set Sights on $100M Crypto Venture Fund appeared first on TheCoinrise.com .
